PRODUCER & DEALER PRICES (July 14, 1997)
Aluminium: LME settlements US$1,545.50 per tonne, alloy $1,410 per tonne (July 8/97).Antimony: Composite free market, US$2,025 per tonne (July 7/97).Bismuth: Composite free market US$3.85 per lb. (Jul…
News
Cumberland reports strong grades at Meliadine
The latest results from the Meliadine West gold project in the Northwest Territories bode well for equal partners Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T).The project is under option…
Inter-Rock expands Daisy
Inter-Rock Gold (IRO-T) reports that infill and extension drilling on the northern part of the Mother Lode deposit at its Daisy gold mine near Beatty, Nev., may eventually boost the mine’s tonnage and…
Minorco eyes properties of Triarx Gold
Resource giant Minorco has entered the Papua New Guinea resource sector by forming a joint venture with a Toronto-based junior holding several projects in the Southeast Asian nation.The recent agreeme…
DIAMOND NEWS ROUNDUP — Kennecott delays Candle Lake drilling
At the Candle Lake joint venture in the Fort la Corne area of Saskatchewan, Kennecott Canada has suspended a 25-Tonne program of mini-bulk sampling on kimberlite C29/30 until a larger drill rig can be…
Canuc, Placer ink Ecuadoran deal
Toronto-based Canuc Resources (CANC-C) has entered into a joint-Venture agreement with Placer Dome (PDG-T) to explore and develop the Nambija gold deposit in southeastern Ecuador.Under the agreement, …
DIAMOND NEWS ROUNDUP — Caldera discovers macro in Australia
A macrodiamond has been recovered from a drill program at the Abminga kimberlite field in South Australia.Operator Caldera Resources (CDR-M) says the discovery was made in a small drill-Core sample th…
Magadan region to consolidate mines — Government assumes more active role in making deals
The government of northeastern Russia’s Magadan region is attempting to consolidate some of its gold mining industryThe government has reached a deal with Severovostokzoloto, the firm once responsible…
EDITORIAL AND OPINION — Blame peace, balanced budgets and technology — Gold takes major tumble
If the predictions made by the doom-and-gloomers of the 1970s had come true, the world would have run out of natural resources by now, gold prices would be well over $1,000 per oz. and the Aden sister…
ODDS’N’SODS — Hanging around
The last nine miles of road that lead to the Bohemia mining district in the Cascade Mountains of south-Central Oregon slither, like a drunken rattlesnake, up and over Champion Crick. (Anyone who calls…
SPOT PRICES (July 14, 1997)
Wednesday, July 9, 1997Price (US)Week’s ChangeGold*$315.75- $15.70Silver*$ 4.28…
DIAMOND NEWS ROUNDUP — United Reef plans to market more diamonds
In June, a newly commissioned recovery plant at the MBala project in the Central African Republic enabled United Reef (URP-T) to recover 486.48 carats of diamonds from the processing of 7,907 tonnes o…