MOST ACTIVE ISSUES (November 16, 1998)
ExchgVolume(000s)HighLowCloseChangePlacer DomeT16…
Articles by Northern Miner Staff
TSE INDICES (November 16, 1998)
1998Nov. 10Nov. 9Nov. 6Nov. 5Nov. 4HighLowComposi…
Producer and Dealer Prices (November 16, 1998)
Aluminium: LME settlements US$1,296, alloy US$1,092 per tonne (Nov. 10/98).Antimony: Representative mid-market US$1,295 per tonne (Nov. 10/98).Bismuth: Representative mid-market US$3.20 per lb. (Nov. …
New nickel market to emerge: analysis — But it doesn’t look any friendlier than the present one
It just doesn’t look all that good for nickel.Recent analyses of the nickel market, from a number of quarters, are generally pessimistic. Even accounting for bottom-of-the-market despair, which freque…
Cerro Crucitas changes hands
Montreal-based Lyon Lake Mines (LLL-M) is acquiring Placer Dome’s (PDG-T) Cerro Crucitas gold project in northeastern Costa Rica and merging with Vancouver-based Palmer Resources (PMD-V).Lyo…
Correspondent needs sorting out
Your garrulous Ocker correspondent displayed the usual Australian sensitivity on matters New Zealand in the recent story “Australasian PGM sector needs dash of Fipke magic” (T.N.M., Sept. 14-20/98).Fi…
TSE SHORTS (November 16, 1998)
Short positions outstanding at October 30, 1998Larger individual positions include:Abitibi-Consolidated 1,122,794, up 66,150; Anderson Exploration 180,911; Argentina Gold 153,400; Asia Pacific Resourc…
Barrick earnings recover as production costs fall
Cash flow and earnings were both higher for Barrick Gold (ABX-T) in the first nine months of 1998, as the company benefited from a rationalization program begun in 1997.Barrick made US$218 million (58…
Kwale project one step closer to fruition
A metallurgical flow sheet designed for the Kwale heavy mineral sands project on the coast of Kenya indicates high mineral recovery rates.The pilot-plant study, conducted by Australian-based MD Minera…
DIAMOND PAGE — Nora tightens grip on Namibian concession
Montreal-based Nora Exploration (NXI-M) is expanding its interest in the Namibian Gemstones diamond concession off the west coast of southern Africa.Nora can boost its interest to 40% from the current…
Jusuf Merukh named in dispute with AG Armeno
Jusuf Merukh, a former partner of Bre-X Minerals at the Busang project in Indonesia, is once again making waves in Canadian mining circles.The Indonesian mining promoter had previously attempted to su…
Payback from Sadiola begins to flow
Third-quarter earnings for Iamgold (IMG-T) show that the Sadiola Hill mine in western Mali has remained one of the best cost performers in the gold-mining world.In the same period, the project’s last …