LME WHSE LEVELS (July 26, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 20/99 (change from July 13 in brackets):MetalStocks (tonnes)Change…
News
LME WHSE LEVELS (July 19, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 13/99 (change from July 6 in brackets):MetalTonnes(tonnes)Change…
Nord sells interest in Sierra Rutile
Nord Resources (NRD-N) is selling its half-interest in Sierra Rutile, the now-dormant heavy mineral sands operation in Sierra Leone.The asset will be acquired by MIL Investments, Nord’s largest shareh…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Slumping gold sinks producers
The Dow Jones industrial average posted a new high of 11,175.02 for the July 7-13 report period, with a modest climb of 39.9 points, or 0.4%.Gold companies edged downward as the price slumped to new l…
EDITORIAL & OPINION — COMMENTARY – Sales will harm African miners
Dear President Clinton,South Africa has inaugurated its second democratically elected president, Thabo Mbeki. Among the challenges he faces is the terrible shock tohis country’s economy caused by the …
GREATEST VALUE TRADED, July 7-13, 1999
ExchgVal($000’s)HighLowCloseChangeAlcoa*N439481…
Newmont boosts output
Newmont Mining (NEM-N) has upped its production forecast at South America’s largest gold mine.The Denver-based company now estimates that the Yanacocha mine in northern Peru will produce 1.6 million o…
William Resources warms up printing press
On July 30, debenture-holders of William Resources (WIM-T) will vote on whether or not to convert their notes into 245 million shares and thus assume 70% of the company’s resulting equity.The proposal…
DIAMOND PAGE — Mountain Province buoyed by Kennady Lake results
A large-diameter reverse-circulation bulk drill sample collected this past winter from the 5034 pipe at Kennady Lake in the Northwest Territories has yielded positive results.Situated 120 km south of …
KRL steps up work at Copper Hill
With its appetite whetted by initial drilling at its wholly owned Copper Hill property, 85 km south of Timmins, Ont., KRL Resources (KRL-V) is preparing to launch a more detailed exploration program.H…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold reaches 20-year lows during summer slump
Gold prices touched new 20-year lows during the July 7-13 report period, losing 60 cents to hit US$255.60 per oz. on the London morning fix ofJuly 14.Although there was relatively little activity in t…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Archangel takes flight in sluggish market
The Vancouver Stock Exchange composite index dropped 10.65 points, or 2.4%, to finish the week ended July 13 at 429.61. The mining index followed suit, losing 8.96 points, or 3%, to close at 287.98.Me…