Articles by Northern Miner Staff

An employee of Cominco was among three Canadians held hostage, but subsequently released, by Peruvian rebels at the Japanese ambassador’s residence in Lima in late December.Kieran Metcalfe, 43, manger…

1996Dec 27Dec 26Dec 25Dec 24Dec 23HighLowComposit…

Gold Funds as of December 27, 1996BGRCentralNet Value$22.06$6.17Price$17.00…

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.23/96 (change from previous week in brackets):Aluminium945,800(+2,175)Copper121,400(+6,025)Lead118,625(-4,000)Nickel49,5…

Led by the real estate and communication subgroups, the Toronto Stock Exchange recovered strongly during the trading period Dec. 20-27. The TSE 300 composite index rose 192.41 points to close at 5,902…

An agreement between a private company and Pan African Resources (PARC-C) gives that company the option to acquire a 75% interest in the Ndori gold property in southwestern Kenya.Pan African recently …

Toronto-based junior Altai Resources (ATI-T) is forming an alliance with Australian major Normandy Mining (NPL-ASX).Under the agreement, Normandy will be issued 805,000 units of Altai Resources, equiv…

Huge mineral discoveries fueled a wave of mergers, takeovers and deals in the mining industry in 1996. The year’s biggest story was Inco’s (N-T) Aug.21 swallowing up of Diamond Fields Resources (DFR),…

Many a metal trader will have popped the cork on his New Year’s bubbly, confident that 1997 can hardly be worse than 1996. Precious metals nosedived, and the base metals went for a bumpy ride courtesy…

The Russian government owes mining companies 1.5 trillion roubles for some of the gold they have shipped to the state in 1996.The industry sent about 100 tonnes of gold to refineries last year, report…

ExchgVol(000s)CloseBre-X MnrlsT260422.15Houston LakeA…

London Metal ExchangeMidday bid-ask prices in $US per tonneDateDec. 27Dec. 24Dec. 23Dec. 20Alumin…