PRODUCER & DEALER PRICES (December 07, 1998)
Aluminium: LME settlements US$1,300, alloy US$1,080 per tonne (Dec. 1/98).Antimony: Representative mid-market US$1,295 per tonne (Dec. 1/98).Bismuth: Representative mid-market US$3.20 per lb. (Dec. 1/…
News
MINING MARKETS & INVESTMENT NEWS — Pursuit writes down properties, shifts focus
It once held one of Kalimantan’s largest land positions, most of which was acquired during the height of the Busang-fueled gold exploration boom. But that boom has gone bust, prompting International P…
METAL PRICES (December 07, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 1Nov. 30Nov. 27Nov. 26…
Prime accepts Homestake offer
Shareholders of Prime Resources Group (PRU-T) have accepted Homestake Mining’s (HM-N) offer to acquire the 49.9% of Prime it does not already own.Homestake Chairman Jack Thompson says the transaction …
TSE INDICES (December 07, 1998)
1998Dec. 1Nov. 30Nov. 27Nov. 26Nov. 25HighLowComp…
Aurizon finds more gold (December 07, 1998)
Aurizon Mines (ARZ-T) continues to hit long gold intersections in the West Mine zone of the Casa Berardi mine in northwestern Quebec.Surface holes have intersected a gold-bearing zone at a depth of 60…
Nelson Gold stays afloat despite rough third quarter
Despite failing to turn a third-quarter profit, Nelson Gold (NLG-T) is benefiting from an expansion program at its 44%-held mine in Tajikistan.The London, England-based company earned US$575,000 on re…
Monywa bolsters Indochina Goldfields — Copper producer could expand to 35,000 tonnes per year
Cash flow from the Monywa copper project in west-central Myanmar is enabling Indochina Goldfields (ING-T) to claw its way toward profitability.For the first nine months of 1998, IG reported a loss of …
Aur aims to buy stake in Zaldivar copper mine
Aur Resources (AUR-T) has reached a deal with Outokumpu Base Metals to acquire the Finnish major’s half-interest in the Zaldivar open-pit copper mine in Chile.For US$265 million in cash and the assump…
DIAMOND PAGE — Namibian Minerals adds to diamond output
Namibian Minerals (NMR-T) is expanding alluvial diamond production at its Luderitz Bay concession off the coast of Namibia.Production capacity in the NamSSol II marine mining system will be increased …
Cumberland finances work
Junior Cumberland Resources (CBD-T) has closed a non-brokered private placement of 1.5 million units priced at $1.70 each for net proceeds of $2.4 million.Resource Capital Fund subscribed to 1 million…
Inter-Rock remains in the red
Inter-Rock Gold (IRO-T) continues to operate in the red, having lost $388,000 in the three months ended Sept. 30, compared with $369,000 in the similar period of 1997.Losses in the first nine months o…