Asian markets give boost to potash
While slow in Europe and North America, demand for potash continues to grow in Asia, the Middle East and South America, says Roskill Information Services of London in its study, Potash: Market Update,…
News
SEG optioning ground in Ghana
Montreal-based SEG Exploration (ME) has opted to earn a 75% interest in the Teleku-Bokazo gold property in Ghana, West Africa. The 20-sq.-mile concession lies on the Ashanti Trend, which hosts the Ash…
Ecudor raises funds for Adanac play
Rouyn-Noranda-based Ecudor Mining (ME) is raising what could amount to $750,000, to be applied to its Adanac property in Quebec’s Rouyn Twp. Between 150 and 750 units will be offered. Each unit, price…
Metal Prices (October 17, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Oct 11 Oct 10 Oct 7 Oct 6 Oct 5 Copper 2485-2486 2497.5-2498.5 2451.5-2452.5 2540-2541 2528-2530 Lead 625-626 631-632.5 633-634 627.5-62…
Broker disclosure required in U.S.
Brokers in the U.S. must now disclose to their customers any payments they make to market makers to execute the orders of customers. The Securities and Exchange Commission in Washington recently appro…
Platinova receives positive results from Greenland
Toronto-based Platinova A/S (TSE) has encountered zinc mineralization at its Peary Land zinc project in northeastern Greenland. Forty-three holes totaling 9,600 metres were drilled at 300-metre centre…
Metallica defines Cuyuni targets
CDN-listed Metallica Resources is preparing to drill 10 holes on a target outlined at its Cuyuni gold property in Venezuela. The target is one of five that were outlined in a program which recovered 3…
Newmont exercising pre-emptive rights
Denver-based Newmont Gold (NYSE) and a Peruvian-based company intend to take whatever steps may be necessary to pre-empt a proposed transfer of another partner’s interest in the Minera Yanacocha prope…
METALS COMMENTARY — Physical demand buoys metal prices
Supported by steadily improving physical demand, metal prices are bubbling near the highest levels seen in years. Investors continue to believe that shortages and higher prices will inevitably result …
Comaplex finishes Rankin Island drilling
Drilling on Comaplex Mineral’s (TSE) 50% held Meliadine gold property, near Rankin Inlet, N.W.T., has been completed and results are pending. The 9,920-ft. program concentrated exclusively on the 4,60…
Gitennes explores Damoti Lake belt
Alberta-listed Gitennes Exploration is planning a winter drill program for both its wholly owned Fishhook property and the Toy (GBK) play, on which it has a 50% earn-in option. The program will consis…
PEOPLE — LATIN AMERICAN GOLD
Gerard Munera appointed chairman of the board; Carmen Fimiani appointed president; Alvin Einbender appointed chairman of the executive committee.