SPOT PRICES (December 29, 1997)
Monday, December 22, 1997Price (US)Week’s ChangeGold*$290.45+ $4.35Silver*$ 6.06…
News
Mixed bag for October mineral production
Canadian production of gold, nickel, refined copper and zinc, and potash rose between October 1996 and October 1997. However, output of silver, primary copper and zinc, asbestos and lead dropped over …
LME WAREHOUSE LEVELS (December 29, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.19/97 (change from Dec. 16 in brackets):MetalStock(tonnes)Change…
PRODUCER AND DEALER PRICES (December 29, 1997)
Aluminium: LME settlements US$1,518, alloy US$1,390 per tonne (Dec. 22/97).Antimony: Representative mid-market US$1,550 per tonne (Dec. 22/97).Bismuth: Representative mid-market US$3.30 per lb. (Dec. …
METAL PRICES – Daily Metal Prices (December 29, 1997)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateDec.22Dec.19Dec.18Dec.17…
DIAMOND PAGE — SouthernEra bags more diamonds at Luo
The Luo alluvial diamond project continues to pump out diamonds for its owners.SouthernEra Resources (SUF-T) reports that 3,385.5 carats of diamonds were recovered at the northeastern Angola project b…
Norcal and Gold Giant identify targets
Partners Norcal Resources (NLR-V) and Gold Giant Minerals (GNR-V) have identified 15 geophysically derived drill targets at theirNorgiant project in northwestern Quebec.Operator Norcal says that 11 of…
Geomaque gives boost to Vueltas del Rio deposit
Ongoing metallurgical studies have allowed Geomaque Explorations (GEO-T) to increase resources for the San Juan zone on its advance-staged Vueltas del Rio gold project in northwestern Honduras.Resourc…
Placer and Cortez return to court to settle royalty claim
Placer Dome (PDG-N), Cortez Gold Mines and ECM, a private company, may soon return to court to settle their differences regarding the Pipeline deposits in central Nevada.The U.S. Ninth Circuit Court o…
Western Pinnacle to evaluate gold deposits in eastern Siberia
Moscow-based Western Pinnacle Mining (WPN-V) has signed an agreement to evaluate three gold deposits near Chita in eastern Siberia, Russia.Western Pinnacle will set up a 50-50 joint venture with the R…
Rhonda, Noranda hit lead-zinc at Esker project
Partners Rhonda Mining (RDM-A) and Noranda (NOR-T) have received mixed results from drilling at their Esker base-metal project in the Northwest Territories.Results ranged from 0.08% lead and 0.97% zin…
EDITORIAL — Metals demand hangs in balance — Paper Asian tigers
For much of the past decade, the mature economies of Europe and North America have taken a back seat to the outstanding growth performance of the so-called Asian tigers. Yet few perceived the structur…