LME WHSE LEVELS (December 20, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 14/99 (change from Dec. 7 in brackets):Aluminium767550(-5400)…
Articles by Northern Miner Staff
Omolon repays debt financing
The Kubaka mine in far eastern Russia has enabled owner Omolon Gold Mining to repay US$50 million of the US$130 million in debt financing it received from the European Bank for Reconstruction & Develo…
JCI
Denver — Ashanti Goldfields (ASL-N) has submitted a restructuring plan, together with a financial and operating review, to its hedge counterparties and lending banks, extending to mid-December the fr…
Namibian Minerals secures Nam II funds
A US$25-million loan paves the way for Namibian Minerals (NMR-T) to build a second offshore diamond mining platform and recovery plant.HSBC Equator Bank and Nedbank Africa (a division of Nedcor Bank) …
Surprise bid for Dukat
Vancouver — Plans by Pan American Silver (PAA-T) to start up the Dukat mine in far eastern Russia by mid-2000 have been derailed by another bidder for the Dukat mill building.At an auction held by ag…
Asia Minerals sets sights on Copperstone
Vancouver — Asia Minerals (AMP-V) is endeavouring to acquire the remaining 75% interest in the Copperstone joint venture in western Arizona. The vendor is Arctic Precious Metals, a wholly owned subsi…
Book traces Ottawa mines
The Mines of Ottawa: A guide to the mineral deposits of Southeastern Ontario and Southwestern Quebecby John E. Udd, Ph.D.Published by CJ Multi-Media Inc.89 Ridgefi…
Metal Prices (December 13, 1999)
DateDec. 7Dec. 6Dec. 3Dec. 2Dec. 1…
Central bank sales depress gold yet again
Central bank selling has once again rocked gold markets, causing the yellow metal to slip $8.10 during the Dec. 1-7 report period and land at US$283.30 per oz. on the London morning fix of Dec. 8.On D…
Rough ride for gold
Denver — Fallout from the Bank of England’s gold auction, combined with a decision by the Dutch government to sell 300 tonnes of gold, sent the market on a roller-coaster ride for the report period e…
CDNX bullish after first week jitters
Vancouver — After stumbling out of the starting gate last week, the new Canadian Venture Exchange (CDNX) index managed to gain some momentum, posting a gain of 46.93 points, or 2.4%, to finish the we…
Northern Orion restructures debt with Miramar’s help
Vancouver — Northern Orion Explorations (NNO-T), further in the red following a series of writedowns attributed to its Mantua gold operation in Cuba, has arranged a refinancing with parent Miramar Mi…