News

Week’s Price (US) Change Gold* $386.40 + $0.50 Silver* $ 5.00 $0.10 Platinum* $385.50 + $0.25 Nickel** $ 2.40 + $0.05 Lead** $ 0.21 + $0.00 Copper $ 0.81 + $0.03 Zinc $ 0.45 + $0.01 Courtesy of Scotia…

Gold is becoming an important export commodity for Indonesia. In 1992, the country’s exports of gold-ingot bar amounted to US$151.5 million, up from US$118.3 million in 1990. Add to this the value of …

Heinz Schimmelbusch has been replaced as chairman of Metall Mining (TSE). The company’s board of directors has filled the vacancy by appointing Klaus Goeckmann, a director of Metallgesellschaft AG. Sc…

ALUMINUM: MW U.S. market US51.5-53 cents per lb. (Dec. 9, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993). …

Republic Goldfields (VSE) has entered two joint-venture contracts with the Cuban government entity Geominera S.A. The contracts cover the Gaspar and Purial concessions, which total 2,110 sq. km. It is…

At a ceremony in Havana, Holmer Gold Mines (ASE) signed a joint venture agreement with the Cuban state mining company Geomineras, S.A.. Holmer, which initiated Canadian exploration activity in Cuba, c…

Supply for platinum is expected to have exceeded demand in 1993, reports Johnson Matthey. In its Platinum 1993 Interim Review, the metals fabricator says demand this year is expected to have expanded …

An initial phase of drilling has wound down on the Boleo copper-cobalt property in northwestern Mexico. Coeur d’Alene Mines (NYSE) is earning a half interest from International Curator (VSE) by spendi…

A drill program in 1993 has resulted in a higher reserve estimate for the Cerattepe property in Turkey. Cominco Resources International (TSE) says 52 holes were drilled on the Gossan zone, bringing th…

William Kraus appointed director; Robin Lockhart appointed chief financial officer.

George Cooper appointed president.

Raul Madrid appointed president.