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The research for my proposal “A Gold-Backed North American Dollar’ has now reached the point where outside help is required.With this proposal, I am working to improve the idea that the government can…

ExchgVol(000s)HighLowCloseChangeBlack Swan GdT321…

Gold Funds as of December 27, 1996BGRCentralNet Value$22.06$6.17Price$17.00…

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.23/96 (change from previous week in brackets):Aluminium945,800(+2,175)Copper121,400(+6,025)Lead118,625(-4,000)Nickel49,5…

An employee of Cominco was among three Canadians held hostage, but subsequently released, by Peruvian rebels at the Japanese ambassador’s residence in Lima in late December.Kieran Metcalfe, 43, manger…

1996Dec 27Dec 26Dec 25Dec 24Dec 23HighLowComposit…

Led by the real estate and communication subgroups, the Toronto Stock Exchange recovered strongly during the trading period Dec. 20-27. The TSE 300 composite index rose 192.41 points to close at 5,902…

An agreement between a private company and Pan African Resources (PARC-C) gives that company the option to acquire a 75% interest in the Ndori gold property in southwestern Kenya.Pan African recently …

Toronto-based junior Altai Resources (ATI-T) is forming an alliance with Australian major Normandy Mining (NPL-ASX).Under the agreement, Normandy will be issued 805,000 units of Altai Resources, equiv…

The Russian government owes mining companies 1.5 trillion roubles for some of the gold they have shipped to the state in 1996.The industry sent about 100 tonnes of gold to refineries last year, report…

ExchgVol(000s)CloseBre-X MnrlsT260422.15Houston LakeA…

Huge mineral discoveries fueled a wave of mergers, takeovers and deals in the mining industry in 1996. The year’s biggest story was Inco’s (N-T) Aug.21 swallowing up of Diamond Fields Resources (DFR),…