LME WAREHOUSE LEVELS (January 12, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.6/98 (change from Dec. 24/97 in brackets):MetalStock(tonnes)Change…
News
Scoping study says Golden Star needs more ounces
Through a scoping study prepared by independent consultants, Golden Star Resources (GSC-T) has determined that the Andorinhas gold project in Brazil could not support a 1,000 tonne-per-day underground…
GEOLOGY 101 — Paleoplacer gold deposits, Pt. 1
Paleoplacer deposits consist of placer concentrations of minerals in which the host material is a consolidated rock (sediment comprising weathered detritus that was subsequently cemented together). Th…
Cordilleran Roundup set for B.C.
A conference focusing on all aspects of Canadian and international exploration will be held from Jan. 27-30 at various sites throughout Vancouver, B.C.Entitled “Pathways’98: Cordilleran Roundup and Ex…
LETTER TO THE EDITOR — Resource reporting should be clarified from the top
This is the time of year when executives and boards present their annual reports to shareholders. This year’s reports will be the first drafted since the Bre-X Minerals bubble burst.How will companies…
Greenstone launches second program at Hemco
Impressed by results from a first phase of exploration on its Hemco gold concession in northeast Nicaragua, Greenstone Resources (GRE-t) plans to begin second phase shortly.The exploration program, wh…
GREATEST VALUE TRADED, Dec. 31-Jan. 6
ExchgVal($000s)HighLowCloseChangeInco LtdT98218…
Cobre advised to reject Phelps Dodge
Financial advisors to Cobre Mining have recommended that the takeover bid by Phelps Dodge (PD-N) be rejected.A special committee of Cobre board members has rejected the bid on the financial advice of …
First Dynasty gets green light in Armenia
Despite the gloomy gold market, First Dynasty Mines (FDM-T) is entering the new year with a bang.Recently completed independent prefeasibility studies give the “thumbs-up” sign for the redevelopment o…
Rayrock shelves reorganization plan
A reorganization plan that would have consolidated Rayrock Yellowknife Resources (RAY-T) with two affiliated companies did not receive enough support from shareholders, thus forcing Rayrock management…
EDITORIAL — Fraser Institute blames government policies — B.C. rating lowest in Canada
Mineral-rich British Columbia has been rated “the least attractive” province for new exploration investment by a Fraser Institute survey of senior and junior mining companies operating in Canada.The B…
AMF sues Anglo over Kolwezi tailings project
America Mineral Fields (AMZ-T) has filed suit against giant South African mining house Anglo American after the Democratic Republic of Congo’s state mining agency, Generale des Carrieres et des Mines,…