LME WHS LEVELS
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug. 31/98 (change from Aug. 25 in brackets):MetalStocks(tonnes)Change…
Articles by Northern Miner Staff
AZCO gains foothold in Mexico
Vancouver-based AZCO Mining (AZC-T) has acquired an option to earn a 70% interest in La Adelita, a copper-gold-silver prospect in Mexico’s Sonora state.In return, the junior is required to spend US$50…
LATIN AMERICA — Ballad, Unuk begin drill program in Peru
Drilling has begun on the Las Princesas project of Ballad Enterprises (BDC-V) and Unuk Gold (UNK-V) in northern Peru.Drilling on the Northern zone will consist of 10 holes over 1,200 metres. The miner…
LATIN AMERICA — Patagonia projects come of age — Minera Andes, Yamana among juniors active in Argentine region
Encouraging results released during the South American winter are setting the stage for what could be a pivotal exploration season in the Patagonia Plateau of southern Argentina.Junior companies activ…
LATIN AMERICA — NAME CHANGE
Lone Star Exploration (LSE-V) has changed its name to Masmindo Mining (MME-V) on a 1-new-for-10-old-share basis.
LATIN AMERICA — Greenstone on track with mine commissioning
With mine commissioning under way at the San Andres gold mine in Honduras, Greenstone Resources (GRE-T) has arranged US$13 million in additional financing to ensure a smooth startup and withstand chal…
Study gives thumbs-up to Nord in PNG
Albuquerque-based Nord Pacific (NPF-T) has concluded that the proposed Simberi Island gold mine in Papua New Guinea (PNG) can make money.Results from an in-house update of a previous feasibility study…
MINING MARKETS & INVESTMENT NEWS — More woe for Crystallex
A second law firm has filed a class-action suit against Crystallex International (KRY-T), a former high-flyer that crashed and burned after a Venezuelan court dismissed its purported effort to “enforc…
Manalta drops poison pill defence
Luscar again revises bid for country’s largest coal producer Manalta Coal Income Trust has lifted a unit-holders’ rights plan adopted to delay a hostile takeover by Luscar Coal Income Fund after that …
TSE INDICES (August 31, 1998)
1998Aug. 25Aug. 24Aug. 21Aug. 20Aug. 19HighLowCom…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Slumping prices hurt producers
The Dow Jones Industrial average fell 112 points (or 1.3%) during the report period ended Aug. 25, closing at 8,602.65.Slumping commodity prices, particularly for copper, continued their downward pres…
Producer and Dealer Prices (August 31, 1998)
Aluminium: LME settlements US$1,328, alloy US$1,142 per tonne (Aug. 25/98).Antimony: Representative mid-market US$1,250 per tonne (Aug. 25/98).Bismuth: Representative mid-market US$3.50 per lb. (Aug. …