METAL PRICES — Daily Metal Prices (December 22, 1997)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateDec.16Dec.15Dec.12Dec.11Dec.10…
Articles by Northern Miner Staff
TORONTO STOCK EXCHANGE INDICES (December 22, 1997)
1997Dec.16Dec.15Dec.12Dec.11Dec.10HighLowComposit…
Bleak outlook for nickel market
The outlook for nickel over the next few quarters and beyond is not great.In today’s terms, you could even say it’s as good as gold.Credit Lyonnaise, a major metal trader, has forecast a 10,000-tonne …
FACTS ‘N’ FIGURES — Gold struggles in SE Asia
The recent currency and economic crisis in Asia has had a significant impact on gold demand there.Demand for the yellow metal in the third quarter of 1997 barely reached 50 tonnes, less than half its …
COMMENTARY — New name, similar mandate
The author is the newly appointed president of the Mining Association of Canada. He has written the following article at the request of Keep Mining in Canada, an organization designed to increase awar…
Rea files for bankruptcy — Subsidiary Bisset also goes belly up
Rea Gold (REO-T) and its wholly owned subsidiary, Bissett Gold, have filed for protection under the federal Bankruptcy Act.he announcement spells the end of the Bissett gold mine project near Bissett,…
Sale of Troilus mine derailed
Plans by Inmet Mining (IMN-T) to sell the Troilus mine in north-central Quebec have been stalled following a technical investigation by the prospective purchaser.Homestake Mining (HM-N) and subsidiary…
PEOPLE — ZIM-GOLD (December 22, 1997)
Michael Kinley, Takala Hutasoit and Andreas Tjahjadi appointed directors.
PEOPLE — VICTORY
Michael Piek and David Hodge appointed directors.
Indo outlines base metal lens
Indo Metals (IOM-V) has outlined a lens of high-gradecopper-lead-zinc-silver mineralization on its Wai Ira prospect on Haruku Island, Indonesia.Indo Metals can acquire 49% of Ingold Holding’s 80-to-85…
Ashanti drilling in Niger
Ashanti Goldfields (ASL-N) has begun drilling on the Nassile gold concession in Niger.The 9,000-metre program is designed to test the Tampena geochemical anomaly, situated in the southwestern portion …
Uranium sales talks suspended
Talks among the Russian Ministry of Atomic Energy, Canadian uranium producer Cameco (CCO-T) and U.S. uranium dealer Nukem have been suspended, jeopardizing a deal under which the Western companies wou…