Markets anticipating Chinese trends
The recent fund-led selloff has left the base metals markets heavily dependent on fundamental support. Over the next few weeks, movements in London Metal Exchange (LME) stocks and physical premium lev…
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PEOPLE (March 13, 2000)
Cornerstone — Timothy Froude appointed manager of exploration.Niko — John Koch appointed vp operations.Ontex — Charles Harnick, Peter Clute and Laurence Marsland appointed directors.
Startup at the Emerald
The impressive beds of sediments on Iron Mountain, near Salmo, B.C., were a challenge to geologists. Beds of argyllite, limestone and quartzite stretched from the Sheep Creek Valley in the west to the…
Juniors complete merger
The proposed merger of Wheaton River Minerals (WRM-T) and Kit Resources is now complete.Wheaton River shareholders received one share of the merged company for each Wheaton River share held; Kit share…
Codelco, Billiton form biotech firm
Chilean state-owned Corporacion Nacional del Cobre (Codelco) and London-based Billiton have formed a joint venture to develop biotechnology applications for the processing of copper and molybdenum.The…
Canadian Venture Exchange breaks 4,000
The Canadian Venture Exchange tacked on an additional 396.49 points, or 10.36%, to finish the week ended March 7 at 4,224.79. The mining index followed suit, adding 251.02 points, or 6.52%, to its val…
Silvertip gets mixed results
The remaining 15 holes of a 22-hole underground drill program on the Silvertip zinc-lead-silver project in northwestern British Columbia have returned narrow intervals of “feeder-style” mineralization…
TSE INDICES (March 13, 2000)
DateMarch 7March 6March 3March 2March 1HighLowTSE 3009425.489580.069462.90…
Inco cuts nickel at Kelly Lake
Nickel major Inco (n-t) has announced an initial resource figure for a major nickel and platinum-group-metals deposit discovered in 1997 at Kelly Lake, near Sudbury, Ont.The deposit holds an estimated…
Ruben Fast
Ruben Fast, transportation manager at the Eskay Creek mine in British Columbia, has died. He was 64.Born in Hepburn, Sask., in 1936, Fast began his mining career in British Columbia’s Highland Valley …
Partners bullish on Barra Grande potential
A second phase of drilling by Trans Hex International (THI-T) suggests that the Barra Grande property in eastern Brazil may host millions of cubic metres of diamond-bearing gravels.Barra Grande compri…
LME WHSE LEVELS (March 13, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Mar. 7/99 (change from Feb. 29 in brackets):MetalStock(tonnes)Change…