STOCK MARKETS — Metals miss out on TSE’s rise
The Toronto Stock Exchange was up a modest 31.66 points over the report period ended May 21, closing at a record 5,238.25. The manufacturing, oil and gas, and financial services sectors drove the adva…
News
SouthernEra and RTZ team up
RTZ Mining & Exploration can earn a 51% interest in SouthernEra Resources’ (TSE) diamond exploration properties in Uruguay by spending $2 million over four years.The properties host kimberlite diatrem…
TVX, Battle Mountain join up in Brazil
Two Toronto-listed companies — Battle Mountain Gold and TVX Gold — have formed a joint venture to develop the latter’s Volta Grande gold property in Brazil’s Para state.The property consists of 15,1…
RJK picks up ground in Brazil
Junior RJK Explorations (ASE) has agreed to acquire a gold concession along the Gurupi trend in Brazil in exchange for US$450,000 cash.Gold mineralization within the 10,000-hectare concession appears …
SOUTHEAST ASIA SPECIAL — Diadem, partners explore gold projects
Drills are turning on the Belitung Island lead-zinc-tin property of Diadem Resources (ME).Bre-X Minerals (TSE) geologist John Felderhof recently accompanied Michael Bird, his Diadem counterpart, to th…
HRC and Inmet file bid on Ethiopian play
A gold operation in southern Ethiopia is attracting the interest of Inmet Mining (TSE) and HRC Development (VSE).The former hopes to acquire the Legadembi gold mine from the Ethiopian government and i…
CMCA announces new directors
The Canadian Mining Contractors Association has announced a new board of directors. The members were elected at the organization’s annual meeting in Edmonton, Alta.The board now includes: Robert Brown…
COMMENTARY — The Helms-Burton Act, Part 1
The U.S. Congress recently enacted the Cuban Liberty and Democratic Solidarity (Libertad) Act, also known as “Helms-Burton,” after its sponsors Senator Jesse Helms and Congressman Dan Burton. The Act …
BOOK REVIEW — Book explores world diamond market
Three prominent international mining writers have produced New Frontiers in Diamonds, a book that analyzes the world diamond industry and the dramatic changes expected to take place in the next centur…
METAL PRICES — FREE MARKET (May 27, 1996)
London Metal Exchange.Spot closing prices in $US per tonne.DateMay 21 May 20May 17 May 16 May 15.Copper2510-2515 2472-24772570-25752740-27452750-2755.Lead835-836 831-832841-843 852-853 845.5-…
Spot prices at a glance (May 27, 1996)
Wednesday, May 22, 1996Week’s Price (US)ChangeGold*$391.00-$0.85.Silver*$ 5.29-$0.11.Platinum*$397.25-$5.00.Nickel**$ 3.51-$0.13.Lead**$ 0.380.00.Copper$ 1.11-$0.13.Zinc$ 0.4…
Dayton Mining posts first-quarter results
In its first three months of operation, the Andacollo open-pit, heap-leach mine in Chile produced 22,159 oz. gold at a cash cost of US$163 per oz. Owner Dayton Mining (TSE) recorded an income of $495,…