Exall, Glimmer make amends
Partners Exall Resources (EXL-T) and Glimmer Resources (GME-V) are resolving a 3-year-old dispute over the Glimmer gold mine in northern Ontario.The two have signed a heads-of-agreement, details of wh…
News
Golden Phoenix buys mine
Denver — Reno, Nev.-based Golden Phoenix Minerals (GPXM-O) has succeeded in its bid for the Mineral Ridge mine in southern Nevada.To acquire the past-producer from federal bankruptcy court, the junio…
Sulliden drilling at Mario project
Drilling by Sulliden Exploration (SUE-T) has confirmed a previous massive sulphide discovery at the Mario project in the Peruvian department of Junin, some 50 km southeast of Huancayo.The first hole i…
Iriana explores near Jakarta
An Indonesian tin company has launched an exploration program to test two properties held by Iriana Resources (IR-T) on Flores Island, east of Jakarta.The Wae Dara and Nggorang properties, about 15 km…
The Silver slump
There has been much speculation as to why silver prices are touching 20-month lows. London-based Gold Fields Mineral Services (GFMS) has produced an interim review of the silver market, and its resear…
PEOPLE (November 20, 2000)
Birim Goldfields — Matthew Chinn appointed COO.Celtic Minerals — Barry Greene appointed vp exploration.Champion Bear — Anthony Pryslak appointed vp exploration.Corner Bay…
Asarco prolongs mine life
Denver — At the Mission copper mine in southern Arizona, Asarco plans to reduce production and increase its stripping of waste material.Daily output is expected to fall 33% to 41,000 tonnes, while wa…
NMA names new leader
Denver — John (Jack) Gerard will replace Richard Lawson as president and chief executive officer of the Washington, D.C.-based National Mining Association.Gerard is chairman and CEO of the firm McClu…
LME Warehouse Levels (November 20, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 14/00 (change from Nov. 7 in brackets):MetalStock (tonnes)ChangeAluminium326075(…
Producer and Dealer Prices (November 20, 2000)
Antimony: Mid-mkt US$1,590/t.Bismuth: Mid-mkt US$3.70/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.25-16.50/lb.Copper: Comex Dec. US$0.8275/lb.Indium: I…
Carnival eyes Philippine property
Under an agreement that is still subject to a due diligence review, Carnival Resource (CNE-V) can acquire a private company that holds rights to a mineral property in the San Fabian area of the Philip…
Liquidation increases
Metals prices showed signs of bottoming out early in the report period Nov. 6-10, but failure to break above key resistance levels brought more liquidation and short-selling on Nov. 9 and 10. Prices w…