PRODUCER PRICES (July 01, 1996)
ALUMINIUM: LME settlement US$1,478 per tonne (June 25, 1996).ANTIMONY: Composite free market, US$2,925 per tonne (June 24, 1996).BISMUTH: Composite free market US$3.56 per lb. (June 14, 1996).CADMIUM:…
News
METAL PRICES — FREE MARKET (July 01, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJune 25June 24June 21June 20June 19…
Eldorado options Miranda ground
The wholly owned Mexican subsidiary of Eldorado (ELD-T) has signed an option agreement with Miranda Industries (MAD-V) on that company’s La Rastra project in Sinaloa state, Mexico.Eldorado can earn a …
Pursuit expands in Indonesia
A recent land acquisition program has made International Pursuit (IPJ-T) one of the largest landholders in Indonesia.Pursuit has acquired 3.2 million hectares of exploration land in 14 separate contra…
Magna begins Mexican drilling
A 40-hole drill program is under way on the contiguous Martinica and Aguila properties in Mexico’s Chihuahua state.Consolidated Magna Ventures (CMV-V) intends to test at least eight different showings…
Queenston steps up Kirkland Lake program
The new joint venture of Queenston Mining (QMI-T) and Franco-Nevada Mining (FN-T) has outlined an ambitious exploration program for its large land package near Kirkland Lake, Ont.Queenston’s president…
BASE METALS SPECIAL — Inco awaits study results for Goro nickel deposit in New Caledonia
By the end of 1996, Inco (N-T) expects to have received results of a study to determine the economics of developing the Goro nickel deposit on the South Pacific island of New Caledonia.Inco owns 85% o…
Collapse of copper price wreaks havoc on LME
The price of copper, already battered over the past month, plunged on the London Metal Exchange (LME) following revelations of a trading scandal at the giant metal trading company Sumitomo. The Japane…
Correction — Trio Gold
Trio Gold (TGK-A) is carrying out deep drilling at the Rodeo Creek property on Nevada’s Carlin trend. A recent story (T.N.M. June 3/96) contained incorrect information.
Noble Peak explores Barberton gold belt
Noble Peak Resources (NPK-A) has begun exploring its holdings in the Barberton greenstone belt in South Africa.The gold project includes 132 sq. km of exploration lands and 70 sq. km under option. The…
BASE METALS SPECIAL — Work resumes at Clinton property
During the next six months, New Goldcore Ventures (NGV-T) will spend at least $400,000 exploring its Clinton base metal property south of Lake Megantic in Quebec’s Eastern Townships.The program will t…
BASE METALS SPECIAL — Diadem plans more work at Pekan River
Diadem Resources (DIR-M) is exploring a new prospect at the Pekan River copper-nickel project in Newfoundland.The 5,000-hectare Lac Edgar property is 7 km southeast of the Pekan River property, which …