Index (September 21, 1998)
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News
CORRECTION (September 21, 1998)
In our Aug. 24 report on the merger of Glamis Gold (GLG-T) and Mar-West Resources (MSR-V), we incorrectly stated that the latter’s president, Simon Ridgway, and vice-president of exploration, Robert W…
Afema pours last gold
With production ceased at its Afema gold mine in Ivory Coast, troubled Eden Roc Mineral (EDN-T) has racked up more losses.For the second quarter ended June 30, the junior posted a loss of $1.7 million…
Dia Met finds seven new kimberlite pipes — Ekati mine scheduled to open in mid-October
Exploration drilling on the Ekati mine site project in the Northwest Territories has identified seven additional kimberlite pipes, raising to 107 the number found there to date.Six of the seven pipes …
LME WHSE LEVELS (September 21, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept. 15/98 (change from Sept. 8 in brackets):MetalStocks(tonnes)Change…
Pursuit finds gold in Borneo
Shortly after announcing plans to investigate opportunities outside the mining sector, International Pursuit (IPJ-T) has reported an early-stage gold discovery in Kalimantan, Indonesia.The Toronto-bas…
Redfern prez to address CIM
The Vancouver branch of the Canadian Institute of Mining, Metallurgy & Petroleum marks the start of its fall luncheons at noon, Sept. 24, with a presentation by Terry Chandler, president of Redfern Re…
LETTER TO THE EDITOR — Chemists also deserve professional licensure
I had the opportunity to review the TSE-OSC Interim Report on Setting New Standards in Mining. As a professional chemist who has done mining research as well as metallurgical and mineralogical assayin…
MINING MARKET & INVESTMENT NEWS — INVESTMENT COMMENTARY — Tough markets keep analysts trained on fundamentals
Are resource stocks yesterday’s news, devoid of upside and not worth bothering about? Or are they simply bargain-priced frogs waiting for the kiss of better metal prices to turn them into wealthy prin…
MINING MARKET & INVESTMENT NEWS — INSIDER TRADING — Noranda boosts Falco stake
Reports by the Ontario Securities Commission show that Noranda (NOR-T) bought a large number of shares in Falconbridge (FL-T) during August.The company, which now owns more than 10% of Falconbridge, b…
PRODUCER & DEALER PRICES (September 21, 1998)
Aluminium: LME settlements US$1,368.50, alloy US$1,147 per tonne (Sept. 15/98).Antimony: Representative mid-market US$1,300 per tonne (Sept. 15/98).Bismuth: Representative mid-market US$3.45 per lb. (…
TSE INDICES (September 21, 1998)
1998Sept. 15Sept. 14Sept. 11Sept. 10Sept. 9HighLow…