White Knight boosts holdings in northern Nevada
Vancouver-based White Knight Resources (WKR-V) has acquired a property consisting of 76 claim blocks near Elko, Nev.The company paid a private vendor US$25,000 for the property, which is part of its L…
News
Cobalt demand on rise as prices expected to fall — Battery sector becomes fastest-growing market
Higher prices for cobalt have led to increased production, and demand is expected to grow still further, according to a report released by a London-based firm of analysts.Roskill Information Services …
Echo Bay Mines expands near Aquarius gold project
Englewood, Colo.-based Echo Bay Mines (ECO-X) has increased its land position around the Aquarius gold project, near Timmins, Ont.The company is diamond drilling in an attempt to find the continuation…
DIAMOND NEWS ROUNDUP — Gem River to resume mining, expand color enhancement lab
Gem River (GR-A) has resumed mining of sapphires at the Lower Dry Cottonwood property in Montana.The company is anticipating mined production of approximately 1.5 million rough carats of sapphire this…
DIAMOND NEWS ROUNDUP — Private placement by DiamondWorks scheduled
Management of DiamondWorks (DMW-T) plans to spend the proceeds of a proposed $20-Million private placement to advance its diamond and mineral properties worldwide.The placement will be in the form of …
DIAMOND NEWS ROUNDUP — Kennecott uncovers new pipe on Lytton’s Ice property
Kennecott Canada, a unit of Rio Tinto (RTP-N), has located a new kimberlite pipe on the Ice property of Lytton Minerals (LTL-T) in the Northwest Territories.The pipe, designated LI-201, is entirely la…
Pelangio to explore in Temagami
Pelangio Larder Mines (PLLM-C) can earn a 40% interest in two properties staked by Battle Mountain Canada (BMC-T) last September in Temagami, Ont.One property is in Tyrrell Twp. and the other in adjac…
New bill designed to boost investment in Russia
A bill before the Russian Parliament could set the stage for increased foreign investment through “production-sharing” in the country’s natural resources sector.The bill is designed to attract foreign…
Russian copper industry still facing hurdles — Use of red metal expected to grow under privatization
Copper production and consumption in Russia are poised to increase following years of weakness attributable to the collapse of the Soviet regime.According to a report from London-based Metal Bulletin …
MOST ACTIVE ISSUES, JUNE 25-JULY 1
ExchgVol(000s)CloseBarrick GoldT497930.05Placer DomeT…
Gold Funds (July 07, 1997)
Gold Funds as of June 26, 1997BGRCentralNet Value$19.49$5.83Price$15.15$5…
LME Warehouse Levels (July 07, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 30/97 (change from previous week in brackets):Aluminium670850(-12425)Copper128325(+6075)Lead116500(+550)Nickel52284(-2…