Metal Prices — FREE MARKET (January 15, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateJan. 9 Jan. 8 Jan. 5 Jan. 4 Jan. 3Copper2685-2690 2715-2720 2740-2745 2755-27602739-2740Lead700-701 695-696 690-692 690.5-691.5…
News
EDITORIAL PAGE — Dangerous precedents
If you love trees and animals more than human beings, you will love some of the proposals brought forward by the federal government to “renew” the Canadian Environmental Protection Act. The government…
Producer )Prices
ALUMINUM: MW U.S. market US79.25 cents-80.25 cents per lb. (Dec. 29, 1995).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.10-4.30 per lb. (Dec. 8, 19…
Summo hits copper at Champion
Drilling on the Champion property in Taos Cty., N.M., has turned up oxide copper values for Summo Minerals (VSE).Ten holes were drilled on a 150-by-200-ft. pattern, with the first seven holes returnin…
BHP takes control of Magma
Having cleared the anti-trust hurdle with the U.S. government, BHP (NYSE) is proceeding with its merger with Magma Copper (NYSE).In early January, the Australian miner completed a tender offer for a m…
Cominco drills SW Gold’s Peruvian properties
Delayed by road construction, a 9-hole drill program is expected to begin later this month on the high-grade Accha zinc-lead property in Peru.Cominco (TSE) can earn an initial half interest in the pro…
Records set in 1995 for world gold markets
The latest update on the gold market by Gold Fields Mineral Services indicates that new records were established in 1995.On the demand side, fabrication and bar-hoarding accounted for some 3,550 tonne…
Santa Catalina plans work in Mexico
With an option on the Pilar gold property in Mexico now in place, Santa Catalina Mining (VSE) is making exploration plans.The property lies 177 km southwest of Hermosillo in Sonora state, and Santa Ca…
ODDS’N’SODS — Time to Streamline
In December, 1995, the federal Standing Committee on Natural Resources tabled an interim report which examined mining issues and made specific recommendations to government. The committee was chaired …
BHP Minerals to earn stake in Stellar’s Palawan project
Stellar Gold (VSE) has agreed to allow BHP Minerals to earn up to a 70% interest in the Palawan project in the Philippines.BHP will be responsible for all costs during the prefeasibility stage. On com…
Santa Fe to fund work on Radisson projects
A joint-venture agreement has been formed between the Canadian subsidiary of Santa Fe Pacific Gold (NYSE) and Radisson Mining Resources (ME) concerning three of the latter’s gold properties in northwe…
Champion to option ground in Ghana
Champion Resources (VSE) intends to enter into a joint-venture agreement with Toscana Resources (VSE), owner of the Tenapu and Gomes properties in Ghana.The deal is contingent on results of auger dril…