PRODUCER & DEALER PRICES (August 11, 1997)
Aluminium: LME settlements US$1,723.50 per tonne, alloy $1,490 per tonne (Aug. 5/97).Antimony: Composite free market, US$1,900 per tonne (Aug. 5/97).Bismuth: Composite free market US$3.70 per lb. (Aug…
Articles by Northern Miner Staff
Juniors hit copper zone at Estaco
Recent drilling has confirmed the presence of a wide zone of copper mineralization within a known massive sulphide deposit at the Estaco base metal project in the Aljustrel area of southern Portugal.F…
Vista optimistic following Amayapampa feasibility
Despite a generally positive feasibility study for the Amayapampa gold project in Bolivia, Vista Gold (vgz-x) says mining would be uneconomic unless gold prices rise above US$350 per oz.The study call…
Rio Tinto farms out PNG porphyry
Rio Tinto (rtp-n) has farmed out a minority interest in the Wafi copper-gold porphyry in Papua New Guinea to an Australian firm.The British giant has given Provincial Gold Fields the opportunity to ac…
Golden Goose Resources updates Magino resource estimate
Toronto-based junior Golden Goose Resources (ggr-t) has revised the resource estimate for its Magino gold mine property, 45 km northeast of Wawa, Ont.The company is hoping to revive the former undergr…
High River advances Taparko gold project
High River Gold Mines (hrg-t) has upgraded to 1 million oz. its gold resource estimate for three deposits on the Taparko Shear zone in Burkina Faso.The indicated and inferred resource for the three zo…
COMMENTARY — Congo is open for business
The mining potential of the Democratic Republic of Congo, though tremendous, has not been properly exploited.As a result of the lack of exploitation of our natural resources, we are experiencing pover…
METAL PRICES — Daily Metal Prices (August 11, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateAug. 5Aug. 4Aug. 1July 31July…
Converse project shaping into large resource for JV partners
Drilling by Uranerz has almost doubled the gold resource at the Converse gold property in northwestern Nevada.A 25-hole drill program on the property, 180 km northeast of Reno, has now outlined 39 mil…
Newmont breaks record in quarter
Newmont Gold (ngc-n) is the first North American gold producer to have produced 1 million oz. in one 3-month period.During the second quarter, the company produced 1.03 million oz. It is now working t…
Cumberland ups holding in Meadowbank
Vancouver-based Cumberland Resources (cbd-t) has completed its previously announced acquisition of a further 40% interest in the Meadowbank gold project from Comaplex Minerals (cmf-t) (T.N.M., June 30…
Kasese Cobalt inks loan plan for plant
As the political situation in central Africa continues to stabilize, more Canadian-based mining companies are advancing projects, which is having the effect of rebuilding the region’s mineral industry…