Metal Prices — FREE MARKET (May 20, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateMay 14 May 13 May 10 May 9 May 8Copper2776-2781 2770-2775 2772-2777 2800-28052845-2850Lead847-848 843-844 850-852 850-852 869…
Articles by Northern Miner Staff
Anglo, American Mineral to develop Kipushi
The Kipushi polymetallic deposit in Zaire will be reworked following an agreement between American Mineral Fields (VSE) and mining powerhouse Anglo American.The latter will contribute up to $100 milli…
Kookaburra Res.postpones its Cachuyo purchase
Questions about the legality of various mineral claims comprising the Cachuyo copper-gold project in southwestern Peru has prompted Kookaburra Resources (TSE) to halt the proposed acquisition until ma…
Spanish Mountain a Likely bet for Cyprus
A wholly owned subsidiary of Cyprus Amax Minerals (NYSE) has begun a $330,000 exploration program on the Spanish Mountain property near Likely, B.C.The major can earn a half interest in the property f…
Sherritt International reports solid first quarter
Newly formed Sherritt International (TSE) posted strong earnings for the first quarter.The company earned $8.6 million (or 12 cents per restricted voting share) over the period on revenue of $66.3 mil…
Great Central goes strong in Australia
As a result of higher quarterly production, Great Central Mines (NASDAQ) is on target to produce more than 500,000 oz. gold this year from its Australian operation.Gold production for the quarter was …
COMMENTARY — Metals in the environment
Safe levels of metals in the environment are being recommended with little or no consideration that metals have been there since the beginning.The millions of tons of ash pumped into the atmosphere by…
Passagem shines for Lysander
The third hole of a deep drilling program on the Passagem Gold Mine property in Brazil has returned improved gold values for Lysander Resources (VSE).Hole MG-04 intersected 2.07 metres, at a depth of …
THE DIAMOND PAGE — Kennecott proceeds with bulk sample
At the WO claim block in the Lac de Gras region of the Northwest Territories, Kennecott Canada has begun a large-diameter drill program on the land-based DO-18 kimberlite pipe.The claims are held 40% …
Asquith awaits results from Roandji
A $2-million program of exploration is testing the gold potential of the Roandji project in the Central African Republic.The 2,000-sq.-km project is held by Asquith Resources (CDN) but is operated by …
NEWS IN BRIEF (May 20, 1996)
International King Jack Resources (IKJ:VSE) has changed its name to Petromin Resources (PTR:VSE) on a 1-new-for-5-old-share basis.
Golden Star signs deal for Andorinhas
Golden Star Resources (TSE) has signed an agreement with Brazilian mining giant Companhia Vale do Rio Doce (CVRD) for the Andorinhas gold project.Golden Star signed the deal through its wholly owned s…