METAL PRICE
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateApril 6April 5April 2April 1…
News
MINING MARKETS & INVESTMENT NEWS — Analysts see return to profitability for Inco
John Lydall and Robert Webb of First Marathon Securities believe that beleaguered nickel miner Inco (N-STT) is turning the corner with a strong cost-cutting effort at its worldwide operations.The Bay …
COAL, URANIUM & OIL SANDS — Curator options Crowsnest
Eastfield Resources (ETF-V) has reached an agreement with International Curator Resources (IC-T) concerning exploration of the Crowsnest gold property in southeastern British Columbia.Curator can init…
LME WHSE LEVELS (April 12, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 6/99 (change from Mar. 30 in brackets):MetalStocks(tonnes)Change…
Placer completes Western Areas deal
Vancouver-based major Placer Dome (PDG-T) has completed its joint-venture agreement with South Africa’s Western Areas for a 50% operating interest in the South Deep deposit, situated in the Witwatersr…
Construction resumes at Las Cristinas gold project
After several years of delay due to litigation, Placer Dome (PDG-T) has resumed construction on the Las Cristinas gold mine in the Kilometre 88 region of southeastern Venezuela.The US$575-million proj…
Meetings (April 05, 1999)
April 7, Band OreApril 8, BrascadeApril 8, Western Pacific MinApril 8, WinspearApril 9, AuspexApril 9, Mount HopeApril 9, NovawestApril 9, TellisApril 12, Western PacificApril 13, Blue GoldApril 13, T…
Crown Jewel work held up on technicality
In an surprise move, the U.S. Department of the Interior and the Department of Agriculture have rejected a plan of operations for the Crown Jewel gold project in northeastern Washington state.In rejec…
Medinah drilling hits in Chile
Drilling at the Alto de Lipangue gold-copper project in central Chile is returning long intervals of significant mineralization for Medinah Energy (MDIN-O).The 5,000-ha prospect, situated in the coast…
IMF chief backs gold sale to aid poor countries
Michel Camdessus, managing director of the International Monetary Fund (IMF), is the latest to show his support for a plan to sell nearly 10 million oz. of gold to help debt-ridden poor countries.The …
Teck to fund Western Copper project — Proceeds earmarked for San Nicolas, Penasquito, San Jeronimo
In return for taking down a $2.2-million financing of Western Copper Holdings (WTC-T), joint-venture partner Teck (TEK-T) will have the option of purchasing an additional 5% interest in the El Salvado…
Energold’s Longyear concession takes shape
Drilling has enabled Energold Mining (EGD-V) to trace mineralization over a vertical interval of about 100 metres at its Longyear gold property in the Dominican Republic.The Vancouver-based junior rec…