EDITORIAL PAGE — Rivalry in the Big League
The world’s largest mining companies are continuing to hold their place in the sun despite some intense competition from ambitious companies anxious to make it into the Big League.Granted, increased g…
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PRODUCER PRICES (June 05, 1995)
ALUMINUM: MW U.S. market US84-85 cents per lb. (May 12, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CADMIUM…
METAL PRICES — FREE MARKET (June 05, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateMay 30 May 29May 26May 25May 24Copper2853-2854N/A2843-28442862-28642823-2824Lead606.5-607N/A605-605605.5-607.5606.5-607.5…
Global metals markets oscillating
Metals prices began a recovery in May, buoyed by continued positive fundamentals and supported by good economic news from many sectors other than the North American auto and house-building sectors, wh…
RTZ signs partnership deal with Freeport-McMoRan
Mining giant RTZ (NYSE) has signed a definitive agreement with Freeport-McMoRan (NYSE) for a partnership arrangement announced in March (T.N.M., March 20/95).RTZ, through its wholly owned subsidiary R…
Atna picks up additional holdings
By acquiring a 60% interest in the Horsefly property, 80 km southeast of Prince Rupert, B.C., Atna Resources (VSE) will expand its holdings along an extensively altered and metamorphosed belt of volca…
Africa faces global competition
Representatives from 28 African governments were on hand to provide information on mineral opportunities in their countries during the second annual Africa Mining Investment Symposium held recently in…
Pan American sees silver lining
Plans to gain a minority interest in a Mexican silver producer have collapsed for Pan American Silver (TSE), which is now investigating other acquisitions and joint ventures.The company had reached an…
Venoro to acquire gold mine interest
An agreement reached with Colombia-based Sociedad Agrominera El Cerro sets the stage for Venoro Gold (VSE) to acquire an interest in a small, operating gold mine in Antioquia, Colombia.Agrominera will…
Coral and Amax Gold reach new agreement
A new agreement is in place that allows Amax Gold (NYSE) to continue to earn a 60% interest in Coral Gold’s (VSE) Robertson project. The property lies within the Battle Mountain trend in Nevada’s Cres…
COMMENTARY — Single window would cut costs
Companies wanting to invest in the Canadian mining industry often find themselves tangled in a seemingly endless sea of red tape; red tape which must be cut through, tied up, rubber-stamped, re-packag…
NEWS IN BRIEF (May 29, 1995)
Lansdowne Minerals (LNM:VSE) has changed its name to Conquistador Mines (CQL:VSE) on a share-for-share basis.