METAL PRICES — FREE MARKET (November 11, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateNov. 5Nov. 4Nov. 1Oct. 31Oct. 30…
Articles by Northern Miner Staff
Triarx reports find in Philippines
Junior Triarx Gold (TXTX-C) has encountered near-surface gold mineralization on its Nalesbitan property on the Philippine island of Luzon.Two holes totalling 289.4 metres were drilled outside the Main…
Fairbanks set for gold rush centenary
In recognition of the centenary of the Alaska-Yukon gold rush, an international symposium on mining history will be held in Fairbanks from Sept. 9 to 14, 1997.Papers will be presented on various subje…
Producer Prices (November 11, 1996)
ALUMINIUM: LME settlements US$1,403 per tonne (Nov. 5, 1996), alloy US$1,265 per tonne (Oct. 31, 1996).ANTIMONY: Composite free market, US$2,000 per tonne (Nov. 5, 1996).BISMUTH: Composite free market…
Tailings spill spells loss for Placer Dome
A tailings spill last March at the Marcopper mine in the Philippines resulted in an US$8-million consolidated loss (or US3 cents per share) for Placer Dome (PDG-T) in the first nine months of fiscal 1…
Golden Rule trenches gold prospect in western Ghana
Junior Golden Rule Resources (GNU-T) has received encouraging gold assays from parts of two trenches in the Agyakra area of the Stenpad property, in western Ghana.The 6,938-ha concession, situated in …
PEOPLE — ABITIBI MINING (November 04, 1996)
James Villegas appointed director.
Minerals sector to benefit from lab
At a new laboratory at the Geological Survey of Canada (GSC) in Ottawa, experts will be able to date mineral samples in minutes instead of days.The first of its kind in North America, and only the fou…
COMMENTARY — Rally round the headframe
Dr. Michael Sopko is chairman and chief executive officer of Inco and chairman of the Mining Association of Canada. He has written this article at the request of Keep Mining in Canada, a grassroots ca…
Austria and Iran consume most gold in coins in 1995
The use of gold in coins increased to 3.3 million oz. last year, compared with 2.5 million oz. in 1994, representing a rise of 32%.A report entitled Modern Gold Coinage 1995, published by The Gold Ins…
Latin America tops as nonferrous exploration spending increases
Nonferrous exploration expenditures climbed to $3.5 billion in 1995 from $2.7 billion last year, according to a survey by Nova Scotia-based Metals Economics Group.The increase is partly the result of …
Detector increases Peruvian holdings
The Oro Venteada gold property in Peru will be explored by Alberta-based Detector Resources (DTR-A).The 800-ha property, which was previously worked by artisanal miners, lies in the Nazca-Ocona metall…