NEWS ROUNDUP — IG ponders expansion in Myanmar
Singapore-based Indochina Goldfields (ING-T) is investigating the possibility of expanding the S&K copper mine in Myanmar.The company says it would cost US$7.5 million to boost production by about 40%…
News
EDITORIAL & OPINION — FBI unlikely to fare better than Mounties — The unpunishable crime
The Royal Canadian Mounted Police are famous for getting their man, but not this time. They didn’t get John Felderhof, the multi-award-winning senior geologist at the Busang property in the jungles of…
EDITORIAL & OPINION — COMMENTARY — Platinum undervalued
Some observers are questioning whether platinum prices can rise much above what they are today. Platinum reached a low of US$336.40 per oz. in October 1998 but since that time has traded between US$34…
CIM meeting to feature Teck’s Antamina copper project
Michael Lipkewich, senior vice-president of mining for Teck, will discuss development of the Peruvian copper-zinc project known as Antamina on May 27 at a luncheon sponsored by the Vancouver branch of…
Placer head to speak at Elko Mining Expo
Mining in foreign jurisdictions will be discussed by John Willson, president of Placer Dome, at the 14th annual Elko Mining Expo, to be held in Elko, Nev., from June 16 to 19.Willson will be one of se…
SPOT PRICES (May 24, 1999)
Precious MetalsPrice (US)ChangeGold$272.85-$5.15Silver$ 5.29-$0.11…
MOST ACTIVE ISSUES, May 12-18, 1999
ExchgVol(000s)HighLowCloseChangeSikaman GldT10756…
METAL PRICES (May 24, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMay 18May 17May 14May 13…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Gold plummets
The Dow Jones industrial average was off 189.2 points for the report period ended May 18, closing at 10,836.95 on renewed fears of inflation.Gold continued to slide further following an announcement b…
Companies (May 24, 1999)
Aegean GoldAscot ResourcesBattle Mountain GoldBolidenComincoCyprus Amax MineralsDe Beers Consolidated MinesEuroZinc MiningFrancisco GoldFreewest Resources CanadaGlamis GoldGoldmax Resources…
Sherritt votes with its chequebook — Makes bid for Aussie nickel producer
Sherritt International (S-T) now owns a stake in the Australian mining industry following its $51-million purchase of a 9% interest in producer Anaconda Nickel.Citing a “positive outlook for the proje…
Meetings (May 24, 1999)
May 25, Maude Lake May 25, Parkcrest May 25, Place May 25, Platinova A/S May 25, Platinova Res. May 25, Southern Africa May 25, Symmetry May 25, Visionary May 26, Allied Cons May 26, Argent May 26, Az…