PRODUCER PRICES (December 09, 1996)
ALUMINIUM: LME settlements US$1,489.50 per tonne (Dec. 3/96), alloy US$1,332 per tonne (Dec. 3/96).ANTIMONY: Composite free market, US$1,990 per tonne (Dec. 2/96).BISMUTH: Composite free market US$3.3…
Articles by Northern Miner Staff
METAL PRICES — FREE MARKET (December 09, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateDec. 3Dec. 2Nov. 29Nov. 28Nov. 27…
Soquem forms new joint venture in Quebec
Quebec government-owned Soquem and Capital d’Amerique have formed a joint venture named Sodmex to invest in junior exploration companies and mining producers.Sodmex will acquire Soquem’s portfolio, wh…
VenCan reports hot holes at Opoteca
Early results of diamond drilling on the Opoteca concession in central Honduras are providing encouragement to VenCan Gold (VCG-M)Preliminary results were obtained from the first half of an initial 2,…
Guyana Goldfields drills targets at Peters mine property
Drilling by Guyana Goldfields (GGFI-C) is testing the Peters mine gold property, a past producer in Guyana.The initial holes are testing the main shaft area, where previous operators extracted 39,000 …
ANNUAL REPORT REVIEW — Lone Star to gain all of Awak Mas
The Awak Mas gold project in Indonesia is now wholly owned by Australian-based Lone Star Exploration (LSE-V).Previously, the junior held a 45% stake in the property. It will purchase the remainder fro…
Sultan Minerals eyes lead-zinc at Jersey mine
Drilling at the former-producing Jersey lead-zinc mine, near Salmo, B.C., has identified an enriched lead-zinc dolomite horizon.Sultan Minerals (SUL-V) tested the lower Jersey horizon with four holes …
Rio Algom unveils expansion plans in Chile
In keeping with its plan to become one of the world’s largest copper producers, Rio Algom (ROM-T) is proceeding with a second phase of expansion program at its Cerro Colorado mine in northern Chile.An…
ANNUAL REPORT REVIEW — Minera Andes augments Argentine portfolio
Spokane-based Minera Andes (MAI-A) has added six gold-copper prospects to its portfolio of properties in northwestern Argentina.For three of the prospects a letter of intent has been signed with a pri…
ANNUAL REPORT REVIEW — Argosy drilling extends Slovakian deposits
Diamond drilling at the Kremnica project in Slovakia has extended the Sturec gold deposit, held by Argosy Mining (AGO-V).Results from a 29-hole, 3,634-metre program are far beyond the junior’s expecta…
ANNUAL REPORT REVIEW — Sirios acquires Clairy Twp. play
Quebec-based Sirios Resources (SOI-M) has acquired a property near a recent massive sulphide discovery in Clairy Twp., Que.The 9-sq.-km property is 7 km northwest, and along strike, of Soquem’s recent…
World Wide to merge with Kazakstan Goldfields
A proposed merger between World Wide Minerals (WWS-T) and Kazakstan Goldfields (KGFC-C) will create the largest foreign-owned mining company in Kazakstan.The surviving entity, World Wide Minerals, wil…