LME WHSE LEVELS (August 10, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.3/98 (change from July 27 in brackets):MetalStocks(tonnes)Change…
News
PRODUCER & DEALER PRICES (August 10, 1998)
Aluminium: LME settlements US$1,292, alloy US$1,155 per tonne (Aug. 4/98).Antimony: Representative mid-market US$1,280 per tonne (Aug. 4/98).Bismuth: Representative mid-market US$3.55 per lb. (Aug. 4/…
Newfoundland’s mineral shipments increase
The total value of mineral shipments from Newfoundland and Labrador is expected to total $1.02 billion this year, up from the 1997 preliminary total of $1.01 billion.Shipments of industrial minerals s…
MINING MARKETS & INVESTMENT NEWS — QUERY — Inmet offers to buy back shares
Based on the advice of CIBC Wood Gundy, the board of Inmet Mining (IMN-T) is urging shareholders to tender to the company’s recent offer to buy back up to 65 million of its shares at a 28% premium to …
GREATEST VALUE TRADED (August 10, 1998)
ExchgVal($000s)HighLowCloseChangeBarrick GoldT169…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS –Dow plunges 300 in a day
The Dow Jones industrial average was off 447 points, or 5%, for the report period July 29-Aug. 4, after a precipitous drop of nearly 300 points on Aug.4. The average closed at 8,487.31 points, led by …
Golden Star vends Eagle Mtn
Golden Star Resources (GSR-X) has decided to sell its Eagle Mountain gold property to the operators of the Omai gold project, also in Guyana.Ownership of the Omai project is divided between Cambior (C…
Aur’s earnings deflate
Caught in the web of depressed metal prices, Aur Resources (AUR-T) saw its second-quarter earnings squeezed by an astonishing 93%.The Toronto-based company earned $488,000 on revenue of $25 million fo…
DIAMOND PAGE — Ashton continues work at Buffalo Hills
The final three of nine kimberlites discovered last winter on the Buffalo Hills project in north-central Alberta have proved to be barren.Only one micro (less than 0.5 mm) was recovered from the K-32 …
DIAMOND PAGE — SouthernEra samples till at Back Lake
SouthernEra Resources (SUF-T) has resumed exploring the Back Lake project in the Northwest Territories. The company is attempting to find the source of glacially transported kimberlite boulders on the…
EDITORIAL — Anti-mining initiative on ballot — Straight Talk
Montana is cowboy country, where common sense and straight talk are still hailed as home-grown virtues. It’s mining country too, with the Stillwater operation noted for being the only primary producer…
Boliden walks from Vizcachitas joint venture
Toronto-based base metals major Boliden (BOL-T) has cancelled its joint-venture agreement with Denver-based General Minerals (GNM-T) regarding the Vizcachitas copper porphyry in central Chile.Boliden,…