Manitoba Mines Dept. unveils web site
Manitoba Energy and Mines is the latest government mining department to obtain a listing on the Internet.The department can be reached on the World Wide Web athttp://www.gov.mb.ca/emThe web site inclu…
News
THE DIAMOND PAGE — American Gem considers merger
Montana-based American Gem (GEM-T) is considering a merger with Great Northern Mining, the world’s largest sapphire producer.Great Northern operates sapphire mines in Australia and has gem-cutting fac…
LONDON METAL EXCHANGE STOCKS
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept.9/96 (change from previous week in brackets):Copper271,150(-4,625)Tin10,165(-475)Lead110,975(+100)Zinc556,850(-5,625)A…
COMMENTARY — A penny saved
Americans are demonstrating continual, overwhelming support for the penny.Recently, the future of the coin was discussed at a hearing presided over by Congressman Michael Castle, chairman of the House…
Anvil Range pays off bridge loan
Strong earnings from the Faro mine in the Yukon have enabled new owner Anvil Range (ARO-T) to prepay a US$15-million bridge loan to its major shareholder, Hyundai Canada.Financing for the early repaym…
METAL PRICES — FREE MARKET (September 16, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateSept. 10Sept. 9Sept. 6Sept. 5Sept. 4…
Huge gem diamond found at Kelsey
The largest diamond ever recovered in Colorado was recently pulled from the Kelsey Lake mine of Redaurum (RRK-T).The 28.3-carat stone is the fifth-largest diamond ever found in North America (the larg…
Meridian, Dee settle legal dispute
A unit of Meridian Gold (MNG-T) and Dee Gold Mining, a unit of Rayrock Yellowknife Resources (RAY-T), have settled a land dispute related to their neighboring gold mining operations in Nevada’s Carlin…
Oliver firms up Zimbabwean prospect
Junior Oliver Gold (OGO-V) reports encouraging diamond drill results from the first 47 metres of the initial hole on its Ipanema prospect in Zimbabwe.Results have been received from intersections at h…
Newmont wins control of Latin America’s largest gold mine
Mining giant Newmont Gold (NGC-N) has won a majority interest in Latin America’s largest gold mine.A Peruvian court has ruled that Newmont and Compania de Minas Buenaventura have the right to acquire …
NEWS IN BRIEF (September 16, 1996)
Bristol Explorations (BTL-V) has changed its name to Afrasia Mineral Fields (AFS-V) on a 1-new-for-2-old-share basis.
Toronto Stock Exchange Indices (September 16, 1996)
1996Sept 10Sept 9Sept 6Sept 5Sept 4HighLowComposi…