Newmont’s Batu Hijau nears completion
The huge Batu Hijau copper-gold mine on the Indonesian island of Sumbawa is 90% complete and due to enter production in the fourth quarter. Commercial production is expected to follow in the first qua…
News
INSIDER TRADING — AMF, Argosy execs increase holdings
Recent insider trading reported in the Ontario Securities Commission’s OSC Bulletin includes the following:America Mineral Fields (AMZ-T) — Bernard Vavala, director, bought 27,200 shares at 59-69 cen…
Seabee output boosts Claude’s profit
Saskatoon-based gold and petroleum producer Claude Resources (CRJ-T) has turned in another profitable quarter, following a strong performance by its flagship Seabee gold mine in Saskatchewan.In the th…
PRODUCER & DEALER PRICES (May 17, 1999)
Antimony: Representative mid-market US$1,240 per tonne (May 11/99).Bismuth: Representative mid-market US$3.55 per lb. (May 11/99).Cadmium: Representative mid-market US$0.23 per lb. (May 11/99).Chromiu…
Bolivar pushes Tomi to capacity
Having reached planned capacity of 1,500 tonnes per day, the Tomi mine in Venzeula’s El Callao district is expected to produce an average of 46,000 oz. gold annually at an average cost of US$173 per o…
Camnor cuts anomalous gold in Alaska
Drilling by Camnor Resources (CMB-V) at the Discovery Gulch property in east-central Alaska has returned anomalous gold values.The 3,000-acre property is at the headwaters of Switch Creek. Camnor stan…
SouthernEra finds kimberlite at Munn Lake — Drill-testing uncovers narrow kimberlite body
Toronto-based SouthernEra Resources (SUF-T) may have found the source of diamond-bearing kimberlite float boulders at the Back Lake project in the Northwest Territories.The company discovered a kimber…
Careers (May 17, 1999)
Regional Exploration ManagerHudson Bay Exploration and Development Company Limited, the wholley owned exploration subsidiary of Hudson Bay Mining and Smelting Co., Limited is seeking a Regional Explor…
Meetings (May 17, 1999)
May 17, Copper Creek May 17, Highridge May 17, Hillsborough May 17, Int’l Savannah May 17, Pheasantback May 17, Tribute May 17, Viceroy May 18, Best Pacific May 18, Campbell May 18, Carmanah May 18, L…
OSC brings charges against Felderhof
Two years after Bre-X Minerals’ Busang gold deposit in Indonesia was revealed to be a fraud, securities regulators are laying charges against the company’s former vice-chairman, while police have ceas…
Cost-cutting Inco stays the course
Though encouraged by the recent buoyancy of nickel prices, Inco (N-T) remains determined to lower production costs as it strives to return to profitability.For the first quarter of 1999, Inco posted a…
Anatolia expands in Turkey
Junior Anatolia Minerals Development (AMCD.U-C) has acquired a new property in central Turkey, adding to its large holdings in that country.The 100,000-ha Ilich property, situated 120 km southeast of …