Majors Noranda (NOR-T) and Phelps Dodge (PD-N) have withdrawn from the Kafue consortium; only South Africa’s Avmin and Britain’s Commonwealth Development remain.Over the past 15 months, the consortium…
Aluminium: LME settlements US$1,319, alloy US$1,245 per tonne (June 2/98).Antimony: Representative mid-market US$1,485 per tonne (June 2/98).Bismuth: Representative mid-market US$3.75 per lb. (June 2/…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 1/98 (change from May 22 in brackets):MetalStocks(tonnes)Change…
Settlement prices for London Metal Exchange spot metal and three-month contracts, June 2/98 (US$ per tonne):MetalsCash Price3 Month Price…
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJune 2June 1May 29May 28May 27…
Rio Narcea Gold Mines (RNG-T) reports that ongoing exploration of its large land package in the Austurias region of northern Spain has unearthed gold mineralization believed to have similarities to th…
The receipt of necessary permits has enabled Corona Gold (CRG-T) to begin a $2.5-million underground work program at its Thunder Lake West gold deposit, near Dryden in northwestern Ontario.First on th…
Resource giant Minorco (MNRC-Q) and junior Triarx Gold (TXTX-C) have expanded their joint gold-copper exploration program in Papua New Guinea.The original joint-venture agreement, announced in July 19…
Greenstone Resources (GRE-T) is continuing its drive towards opening four mines in Central America in just three years. And, having nearly doubled its mining revenues over the past year, the company m…
In an agreement with Indonesian industrialist Jusuf Merukh, Ag Armeno Mines & Minerals (AGM-V) has taken an option to buy an 18% interest in the Batu Hijau gold deposit on Sumbawa Island in Indonesia….
Toronto-based Borneo Gold (BNO-V) has begun an initial 5,500-metre diamond drilling program at its Bunut gold project in West Kalimantan, Indonesia.The company holds a 90% interest in a seventh genera…
Oroperu Resources (OROP-C) has reported encouraging operating results from its recently acquired Nueva Condor polymetallic mine, near Lima, Peru.The operation entered production in early 1998 and earn…
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