TSE SHORT POSITIONS (December 28, 1998)
Short positions outstanding at December 15, 1998Larger individual positions include: Abitibi Consolidate 1,378,380, up 79,125; Alcan Aluminium 1,355,391, up 227,351; Asia Pacific Resources 140,600; Ba…
Articles by Northern Miner Staff
Magnesium Alloy raises funds for Kouilou
Toronto-based Magnesium Alloy (MGAC.U-C) has closed a financing deal relating to its magnesium project near the coast of the Republic of Congo.The brokered private placement consisted of 1.7 million u…
MOST ACTIVE ISSUES, Dec. 16-21
ExchgVol(000s)HighLowCloseChangeNoranda Inc.T4570…
DIAMOND PAGE — Judge calls for charges against Rovic
A judge has recommended that two employees of Rovic Diamonds and their employer be charged with culpable homicide in connection with a mud slide that killed 20 people at a diamond mine in South Africa…
Minera Andes forms JV with Battle Mountain
Spokane-based Minera Andes (MAI-A) has signed a letter-of-intent with the Argentine subsidiary of Battle Mountain Gold (BMG-N) to earn a half-interest in the Los Azules gold property.Battle Mountain c…
BHP gains option to develop Tenke Fungurume
BHP Copper, a subsidiary of Broken Hill Proprietary (BHP-N), has negotiated an option to acquire a major stake in Tenke Mining’s (TNK-T) enormous Tenke Fungurume copper-cobalt project in the Democrati…
AG extends mineralization at Veladero
Hot junior Argentina Gold (ARP-V) has unveiled still more encouraging drill results from its Veladero property in northwestern Argentina,Ownership of the Veladero lease, which comprises 13,000 ha in t…
Orvana extends option on Butte Highlands
In an agreement with the property owners, Orvana Minerals (ORV-T) has extended by four years its purchase option on the Butte Highlands gold project in Montana.The company can acquire the title to the…
Due process must run its course in US
I am neither a Democrat nor a Republican, but an independent voter. Both parties have considerable problems, and I will agree with you on one point — that the Republicans currently lack effective lea…
SPOT PRICES (December 21, 1998)
Wednesday December 16, 1998Price (US)Week’s ChangeGold*$292.55-$0.95Silver*$ 4.94…
LME WHSE LEVELS (December 21, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec. 15/98 (change from Dec. 8 in brackets):MetalStocks(tonnes)Change…
LETTERS TO THE EDITOR — Faulty software raises red flags for miners — Engineers should be involved in design process
I must commend Brian Hester for highlighting problems he has encountered using packaged software in geophysics (“Software can affect geostats,” T.N.M., Dec. 7-13/98).As a member of the Council of Prof…