Solitario finds partners for Peruvian projects
Solitario Resource (SLR-T) has secured partners for two of its properties in northern Peru.Placer Dome (PDG-T) can earn a 60% interest in the 620 sq. km. Yanacocha copper-gold project by spending US$4…
News
EDITORIAL & OPINION — Quebec dreading outright British ban — Europeans take aim at asbestos
Among the most beleaguered of Canada’s industrial minerals industries continues to be asbestos. Statistics compiled by Natural Resources Canada show Canada’s asbestos output dropped sharply between Ma…
MINING MARKETS & INVESTMENT NEWS — Royalty twins to buy up own stock
Euro-Nevada Mining (EN-T) and Franco-Nevada Mining (FN-T) have announced plans to repurchase shares with cash.The two companies advised the Toronto Stock Exchange that they would be making a normal co…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Rhonda execs engage in lively trading
According to reports released by the Ontario Securities Commission, two executives at Rhonda Mining (RDM-A) traded in that company during the period July-September.Peter Gummer, director, bought 106,0…
SPOT PRICES (October 19, 1998)
Wednesday October 14, 1998Price (US)Week’s ChangeGold*$296.60-$2.25Silver*$ 4.80…
TSE Short Positions (October 19, 1998)
Short positions outstanding at September 30, 1998Larger individual positions include:Abitibi-Consolidated 981,044, down 1,098,263; Alcan Aluminium 1,303,666, up 258,567; Anderson Exploration 136,411; …
PRODUCER & DEALER PRICES (October 19, 1998)
Aluminium: LME settlements US$1,324.50, alloy US$1,126 per tonne (Oct. 13/98).Antimony: Representative mid-market US$1,340 per tonne (Oct. 13/98).Bismuth: Representative mid-market US$3.25 per lb. (Oc…
Pangea, Sundust find new zone at Victoria property
Scout drilling at the Victoria gold property in west-central Peru has identified a gold-bearing structure for partners Pangea Goldfields (PGD-T) and Sundust Resources (SUN-M).Hole 77 intersected 2.3 m…
INDUSTRIAL MINERALS — Nitrogen price hurts Potash Corp.
Potash Corp. of Saskatchewan (POT-T) has issued an announcement that weak prices for nitrogen will cut into its third-quarter earnings.The company said that earnings per share for the quarter should b…
INDUSTRIAL MINERALS — Atacama nears production on Chilean evaporites
Atacama Minerals (AAM-V) is gearing up to become a producer of industrial mineral products in Latin America.The company’s wholly owned Aguas Blancas project comprises 22,000 ha in Chile’s Atacama Dese…
INDUSTRIAL MINERALS — Asia Pacific takes steps to advance Thai potash project
As a result of a successful financing deal and promising joint venture negotiations, construction of a mine at the Udon Thani potash project of Asia Pacific Resources (APG-T) in Thailand could begin e…
Falco tallies damage in DR
Falconbridge (FL-T) says it expects to lose 10,000 tonnes of nickel in ferronickel production at its Dominican Republic operations.The figure combines lost production during a 10-day shutdown caused b…