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 …
News
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,…
Beaufor pays off for Louvem Mines
Investment in the Beaufor gold mine near Val d’Or, Que., has paid off for Louvem Mines (TSE), which made a slight profit in the first quarter.The company earned $16,808 (nil per share) on revenue of $…
SOUTHEAST ASIA SPECIAL — Minorca and Indonesian partner to explore holdings
A 70% interest in 6% of production from a gold project appears to be slim pickings, but not when the deal involves the multi-million-ounce Busang gold deposit in East Kalimantan, Indonesia.Earlier thi…
ANNUAL REPORT REVIEW — NEWS ROUNDUP — Oroperu launches drill program
By mid-June, drills will be turning at the Minaspamba gold project in northern Peru, reports property owner Oroperu Resources (CDN).The program will explore a brecciated, mineralized zone exposed over…
SOUTHEAST ASIA SPECIAL — Hyder CoW gets government nod
Vancouver-listed Hyder Gold (VSE) has received government approval for a contract of work on the Tabulus property in Central Kalimantan, Indonesia,The junior will buy a 90% interest in the 46,600-hect…
SOUTHEAST ASIA SPECIAL — Asia Pacific Resources develops Thai potash project
Potash may not be as sexy as gold, but Asia Pacific Resources (TSE) has nevertheless seen its issue jump from a trading level of $3 per share at this time last year to a recent high of $11.The company…
THE DIAMOND PAGE — Kensington reaches deal to buy South African diamond mines
A wholly owned subsidiary of Diamond Fields Resources (TSE) will sell its Loxton Dal and Frank Smith diamond mines in South Africa toSaskatchewan-oriented diamond and nickel explorer Kensington Resour…
Etruscan expands Samira gold deposit in Niger
Diamond drilling on the Samira gold project in Niger has enabled Etruscan Enterprises (TSE) to trace the Samira sedimentary horizon over a strike length of 2.7 km.Geophysical surveys indicate that the…