Three aluminum giants enter into merger
In the biggest cosolidation move yet in the international aluminum industry, Alcan (AL-T) is taking the lead in a merger with two large European aluminum producers.The Montreal-based company announced…
News
George Lake project gets new lease on life
Unable to go it alone, Kit Resources (kit-) has enlisted the aid of Kinross Gold (K-T) to develop its George Lake gold project near Bathurst Inlet in Nunavut.Touted as one of the largest undeveloped p…
Ecuadorian hits high grade at Beroen
Junior Ecuadorian Minerals (EMC-T) has intercepted high-grade gold-silver values at the Beroen project in southwestern Ecuador.Results from the first four holes drilled on the Alejandra breccia encoun…
No Headline (August 09, 1999)
,HLME WHSE LEVELSMetal stocks (in tonnes) held in London Metal Exchange warehouses at Aug. 3/99 (change from July 27 in brackets):MetalStocks(tonnes)Change…
PRODUCER & DEALER PRICES (August 09, 1999)
Antimony: Mid-mkt US$1,195/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Recent trades US$60.00-90.00/t.Cobalt: Recent trades US$18.50-20.20/lb.Copper: Comex Sept. US$0.756/lb.In…
Excellon, Apex hot on Platosa
Partners Excellon Resources (EXN-V) and Apex Silver Mines (SIL-X) have tabled encouraging assay results from a drill program on the Platosa property in Mexico’s Durango state.The 11,600-acre property …
Teck expands drill program at Pogo
Favourable drill results from the Pogo gold project in central Alaska have induced operators to expand the program by 20,000 ft.The project is a joint venture between Teck (TEK-T) and the subsidiaries…
EDITORIAL & OPINION — Act in haste, rethink at leisure — Privatize and plunder
In a recent discussion paper entitled Time to Rethink Privatization in Transition Economies, John Nellis of The World Bank takes a sobering look at the results of privatization in transition economies…
NAME CHANGE (August 09, 1999)
Bard Silver & Gold (BDS-V) has changed its name to Consolidated Bard Silver & Gold (CBS-V) on a 1-new-for-5-old-share basis.
EDITORIAL & OPINION — GEOLOGY 101 — Redbed copper deposits, Part 1
As their name suggests, red-bed copper deposits form in red host rocks. The red colouration is actually rust, which is oxidation formed after the rock’s exposure to the atmosphere.The two types of red…
METAL PRICES (August 09, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateAug. 3Aug. 2July 30July 29…
Pierina boosts Barrick
Plenty of low-cost gold from the new Pierina mine in western Peru was the foundation of a good quarter for Barrick Gold (ABX-T), which posted a US$84-million profit on revenue of US$373 million.The pe…