METAL PRICES — FREE MARKET (August 08, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date August 2 August 1 July 29 July 28 July 27 Copper 2407-2408 2429-2430 2438-2439 2409-2410 2392-2393 Lead 582-583 586-587 583.5-584.5 583-…
News
Pakistani potential under discussion
The United Nations, in collaboration with the government of Pakistan, will sponsor the International Round-Table Conference on Foreign Investment in Exploration and Mining in Pakistan. The conference …
Spot prices at a glance (August 08, 1994)
Week’s Price (US) Change Gold* $378.60 $8.40 Silver* $375.21 $0.11 Platinum* $414.50 $8.50 Nickel** $372.75 $0.02 Lead** $370.26 $0.00 Copper $371.10 + $0.01 Zinc $370.43 $0.00 Courtesy of Scotiabank….
PRODUCER PRICES (August 08, 1994)
ALUMINUM: MW U.S. market US73.5-74.3 cents per lb. (July 14, 1994). ANTIMONY: MW New York dealer US$2.25-2.50 per lb. (July 14, 1994). BISMUTH: MW New York dealer US$3.85-4.30 per lb. (July 14, 1993)….
Gencor succeeds in Billiton bid
South Africa’s Gencor mining house has acquired Royal Dutch-Shell group’s metals and minerals arm, Billiton, for US$1.2 billion. The new resource group is to be called Billiton International and will …
Cominco drills Yukon find
A polymetallic sulphide deposit has been uncovered in southeastern Yukon about 200 km northwest of Watson Lake, Cominco (TSE) reports. To date, 20 of 27 drill holes have intersected massive base metal…
Falconbridge posts quarterly profit
Newly listed Falconbridge (TSE) has reported a profit of $2 million for the second quarter — its first results since a $1.3-billion public offering about a month ago. The company is attempting to sla…
Reserves increase at Mt. Todd mine
Drilling by a 55%-owned affiliate of Pegasus Gold (TSE) has boosted the reserve estimate at the Mt. Todd gold mine near Darwin in Australia’s Northern Territory. Proven and probable reserves now stand…
Porgera blast
An explosion that killed as many as 10 people has suspended operations at the Porgera gold mine in Papua New Guinea. The mine is 25% owned by Placer Pacific, a subsidiary of Placer Dome (TSE). Althoug…
METALS COMMENTARY — Simmering demand heats up industry
Normally, the summer holiday season is a quiet one for metals markets, but this summer is proving less quiet than most. Many customers of the mining industry are being met with an unusual challenge: t…
THE DIAMOND PAGE — Adex, partners encouraged by results from
Exploration activity in the Lac de Gras region of the Northwest Territories is resulting in more kimberlite discoveries. The latest is the Nicholas Bay kimberlite, discovered last April on the Aylmer …
EDITORIAL PAGE — WWF, diamonds and the North
It was only a matter of time before groups such as the World Wildlife Fund (WWF) came to realize the scope and pace of diamond-related exploration and development taking place in Canada’s North. And a…