The unsung sparkle of Wyoming
While I was reading The Northern Miner this morning, I kept thinking about a Canadian I had talked to. I was amazed that his company has staked more than 1 million acres of land on speculation for dia…
News
OGS improves mineral potential of northern Ontario
Discoveries made by Ontario Geological Survey (OGS) geologists have boosted the mineral potential of the Kapuskasing and Marathon areas.A soil sampling project being completed by OGS staff in the Kapu…
Freeport hunkers down to reduce costs at Grasberg
In light of lower metal prices, Freeport McMoRan Copper & Gold (FCX-N) intends to implement new operating plans at its Grasberg copper-gold mine in Irian Jaya, Indonesia.The company plans to focus its…
Companies (March 23, 1998)
Abcourt MinesAber ResourcesAgnico-Eagle MinesAlberta EnergyAmerican GemAnglo AmericanAnzex ResourcesAsarcoAshton Mining of Can.Asquith ResourcesAzco MiningBattle Mountain GoldBirim GoldfieldsCallinan …
Study has Tenke-Fungurume poised for production
Preliminary results from Tenke Mining’s (TNK-T) final feasibility study of the Tenke-Fungurume project in the Democratic Republic of Congo indicate that it will be among the world’s lowest-cost produc…
Cyprus enters JV in Arizona
Cyprus Amax Minerals (CYM-N) has entered into a joint-venture agreement with Vancouver-based junior Jaba (JBA-A) on the Mammoth Wash copper project in southern Arizona.Mammoth Wash is situated south o…
DIAMOND PAGE — Ashton finds new kimberlites
Ashton Mining (ACA-T) has identified four more kimberlite pipes on its Buffalo Hills property in north-central Alberta.Recent reverse-circulation drilling of aeromagnetic anomalies 30 km to the east a…
TSE SHORT POSITIONS (March 16, 1998)
Short positions outstanding at February 28, 1998Larger individual positions include: Anderson Expl 56,300, down 642,300; Barrick Gold 13,457,730, down 5,204,067; Caledonia Mining 2,500, down 259,500; …
TSE INDICES (March 16, 1998)
1998Mar. 10Mar. 9Mar. 6Mar. 5Mar. 4HighLowComposi…
METAL PRICES — Daily Metal Prices (March 16, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMar. 10Mar. 9Mar. 6Mar. 5Mar. 4…
STOCK MARKETS — El Misti Gold among VSE volume leaders once again — International CanAlaska makes deal with Royal Oak on Timmins-Michie
The Vancouver Stock exchange composite index lost 5.88 points, or 0.9%, to close at 624.77 over the report period ended Mar. 10. The mining index also lost ground, slipping 7.9 points, or 1.5% to clos…
Inco fined over fatal mine accident
Inco has been fined $750,000 for violations of the Occupational Health and Safety Act that resulted in the death of a miner at the company’s Copper Cliff South mine, in Copper Cliff, Ont.In April 1996…