DIAMONDS — Value-added for Canadian diamonds
The impact of diamond mining on the Canadian economy would multiply several-fold if the country established a secondary industry to cut, polish and market the production.Traditionally, about 20% of th…
News
PRODUCER & DEALER PRICES (October 26, 1998)
Aluminium: LME settlements US$1,308, alloy US$1,118 per tonne (Oct. 20/98).Antimony: Representative mid-market US$1,300 per tonne (Oct. 20/98).Bismuth: Representative mid-market US$3.25 per lb. (Oct. …
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Argentina Gold glows in otherwise flat market
Western markets remained flat over the Oct. 14-20 trading period. The Vancouver Stock Exchange composite index remained virtually unchanged at 384.62, whereas the mining index dropped 3.12 points, or …
Homestake Mining aims to expand Down Under
Homestake Mining (HM-N) is focusing on expanding reserves at two gold mines in Australia, following its recent acquisition of Aussie producer Plutonic Resources.At the Lawlers mine in Western Australi…
MINING MARKETS & INVESTMENT NEWS — Placer absorbs Lassie Red Lake
Lassie Red Lake Gold Mines, formerly listed on the Canadian Dealing Network under the symbol LRLG, has merged with a subsidiary of Placer Dome (PDG-T)Minority shareholders of Lassie Red Lake voted 95….
DIAMONDS — Diadem finances California exploration
Diadem Resources (DIR-M) anticipates that a private placement will enable it to resume exploration at its Leek Springs diamond project in the Sierra Nevada Mountains of central California.The company …
General Minerals hunts for silver in western Bolivia
General Minerals (GNM-T) is returning to Bolivia, this time in search of silver.The Denver-based junior, known chiefly for its copper porphyry targets in Chile, has acquired 70.5 sq. km in the central…
Meetings (October 26, 1998)
Oct. 26, GoldbrookOct. 26, RetrieveOct. 27, Cons. Sarabat GoldOct. 27, Ebony GoldOct. 27, JoutelOct. 27, OhioOct. 27, Royal SovereignOct. 27, ThunderwoodOct. 28, AltiusOct. 28, Big ValleyOct. 28, Telf…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE rallies on lower interest rates, golds still sluggish
Falling U.S. and Canadian interest rates translated into significant gains for the Toronto Stock Exchange 300 index, with the broad market rising 5.9% over the report period Oct. 14-20 to end at 5,870…
Newmont anticipates boost at Yanacocha
Extensive drilling at Peru’s Yanacocha mine, South America’s largest gold mine, is expected to boost gold reserves considerably.The mine’s operator and 51%-owner, Newmont Mining (NEM-N), predicts that…
DIAMONDS — From incredulity to reality: the birth of a diamond mine
The press release of Nov. 5, 1991, set off alarm bells in London, Sydney and Johannesburg, where headlines heralded a “major discovery” and a “coup” for Australia’s BHP Minerals. Foreign investors scr…
TVX to appeal ruling giving Alpha stake in Kassandra
Alan Lenczner has done it again. The legal hero of the Lac vs. Corona decision has successfully argued breach of fiduciary duty in another mining case, wresting a 12% interest in the Kassandra gold pr…