Grupo Mexico puts pressure on Asarco
Grupo Mexico has upped its cash bid for Asarco (AR-N) to US$29.50 per share in an effort to derail a signed merger deal between Asarco and Phelps Dodge (PD-N).Asarco has not responded to the improved …
News
TSE cleaning house, again — Go west
In the aftermath of the Windfall stock trading scandal of the 1960s, Ontario regulators responded by tightening up the rules for junior exploration companies. And the companies responded by going west…
LME WHSE LEVELS (October 18, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 12/99 (change from Oct. 5 in brackets):MetalStock (tones)Change…
Conferences focus on New Brunswick, Maine
The natural resources department of the New Brunswick government will host its Annual Review of Activities conference Nov. 1-3 at the Sheraton Inn in Fredericton.The event will include an address by G…
MOST ACTIVE ISSUES, October 6-12
ExchgVol(000’s)HighLowCloseChangePlacer DomeT2361…
GREATEST VALUE TRADED, October 6-12
ExchgVal($000’s)HighLowCloseChangeAlcoa*N538848…
MINING MARKETS & INVESTMENT NEWS — US MARKETS — Gold, copper slide
The Dow Jones industrial average finished the holiday-shortened report period ended Oct. 12 up 16,47 points, or 0.16%, after a 230-point loss on the last day, closing at 10,417.06.Gold companies fell …
TSE INDICES (October 18, 1999)
1999Oct. 12Oct. 11Oct. 8Oct. 7Oct. 6HighLowCompos…
PRODUCER & DELAER PRICES
Antimony: Mid-mkt US$1,180/t.Bismuth: Mid-mkt US$4.55/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$15.00-18.00/lb.Copper: Comex Dec. US$0.787/lb.Indium: Indiu…
Melkior explores in NW Quebec
With gold on the mend, junior Melkior Resources (MKR-M) has resumed exploration at its Launay property in northwestern Quebec.The company is conducting a $500,000 program of geochemistry and drilling …
Partners close mine purchase
Partners Golden Star Resources (GSR-T) and Australian-listed Anvil Mining have bought the Bogoso gold mine in Ghana’s Ashanti trend.The companies will make an initial combined payment of US$6.5 millio…
Fort Knox tests Wings Point
Preliminary drilling at the Wings Point property in north-central Newfoundland has returned heartening results for Fort Knox Gold Resources (FNX-T).Three of the four shallow holes each returned one in…