PRODUCER PRICES (October 14, 1996)
ALUMINIUM: LME settlements US$1,322.50 per tonne (Oct. 1, 1996), alloy US$1,215 per tonne (Sept. 26, 1996).ANTIMONY: Composite free market, US$2,250 per tonne (Oct. 9, 1996).BISMUTH: Composite free ma…
News
Worldwide titanium use on the rise
The growth of the Asian titanium market and a renewed demand for titanium pigment have pushed up demand for the metal.According to a new study, The Economics of Titanium Minerals and Pigments 1996, th…
NEWS ROUNDUP — Goldcorp, Minorca team in Indonesia
Goldcorp (G-TSE) and Minorca Resources (MAR-T) will jointly explore properties in Indonesia.An agreement gives Goldcorp the right of first refusal for up to half of any Indonesian property acquired by…
NEWS ROUNDUP — Barrick drops Cerro Corona play
The Cerro Corona gold-copper project in Peru is no longer of interest to Barrick Gold (ABX-T).The major has decided not to proceed with development, citing its inability to establish a deposit of sati…
NEWS ROUNDUP — EPA fines Cyprus for discharge
A subsidiary of Cyprus Amax Minerals (CYM-N) will pay a fine of US$760,000 for having discharged contaminated water from the Bagdad copper mine in central Arizona.Cyprus Bagdad Copper will pay US$285,…
Fairstar Explorations takes over the Fenelon gold property in Quebec
The Fenelon gold property in the Casa Berardi area of northwestern Quebec is now in the hands of Fairstar Explorations (FFR-M).The company increased its interest to 54% from 45%, making it the majorit…
Pacific Wildcat intensifies drilling in Indonesia
At the Sulut gold prospect in Sulawesi, Indonesia, Pacific Wildcat Resources (PAW-V) has received promising results from the first stage of drilling.Hole 126 returned 40 metres grading an average of 7…
Diadem tests Sarah Lake play
Junior Diadem Resources (DIR-M) has begun drilling on its 5,200-ha Sarah Lake polymetallic property in Quebec.The diamond drilling program is following up previous surface sample results, which includ…
Kalimantan Gold listed on VSE
Willowdale, Ont.-based Kalimantan Gold has joined the ranks of the Vancouver Stock Exchange.The new company, which is classified as a venture company by the VSE, began trading under the symbol KLG. Th…
Repadre Capital buys Russian smelter royalties
Repadre Capital (RPD-T) will buy a portion of Far East Gold’s (FEGI-C) net smelter return royalties from future production generated at the Ametistovoe deposit.Repadre can buy a sliding-scale royalty …
Palmer hits gold in West Java
Encouraging results were reported by Palmer Resources (PMD-V) from a program testing the Cikoneng prospect in the western portion of the Cubaliung project in West Java, Indonesia.Hole 001 returned an …
Cartaway forms JV in Labrador
Cartaway Resources (CWA-A), the junior Labrador nickel seeker that saw its stock skyrocket earlier this year only to crash back to earth in a matter of days, has sold off a large chunk of its properti…