Clifton Mining receives Earth Day award
Clifton Mining has been selected as a 1998 Earth Day Award winner by the Utah Board of Oil, Gas and Mining, in recognition of the company’s reclamation work at its Herat mine in Tooele Cty.Clifton’s r…
News
FACTS ‘N’ FIGURES — Spending peak has passed
Spending on mineral exploration worldwide likely peaked in 1997, according to a report released by Halifax, N.S.-based Metals Economics Group.Entitled Corporate Exploration Strategies: A Worldwide Ana…
Cleanup plan gets nod
Boliden (BOL-T), whose Los Frailes mine was shut down by a tailings dam failure on April 25, now estimates that repairs to the dyke and remedial work downstream from the break could put the mine back …
Teck hits copper values
Teck (TEK-T) has enountered low-grade copper mineralization in its first round of drilling at the Mocha porphyry prospect in northern Chile.Under an agreement with its joint-venture partner, Royal Sil…
Columbia Ventures smelter deal could mean more jobs for BC interior
A deal between Vancouver, Wash.-based Columbia Ventures and the government of British Columbia has paved the way for construction of a primary aluminum production plant in the province.Construction of…
Phelps Dodge scales back production at Chino
Due to poorer-than-anticipated recovery in the leaching circuit, Phelps Dodge (PDn-N) plans to curtail production at the Chino copper operation in New Mexico.The move will lower annual production at C…
MOST ACTIVE ISSUES, April 29-May 5
ExchgVol(000’s)Close.ZSBoliden I/RT109832.25Kinross GldT…
MINING MARKETS AND INVESTMENT NEWS – Query — Rea Gold buckled under poor planning
Could you please advise me, and other shareholders, of the present status of Rea Gold?.BJames BethuneRea Gold and its subsidiary, Bissett Gold Mining, filed for bankruptcy in December 1997 after faili…
U.S. markets — Stocks mixed as Dow rebounds
The Dow Jones Industrial average erased its losses from last week to end the report period of April 29-May 5 up 248.61 points (or 2.8%). The average tested the 9,200-mark earlier in the week, only to …
METAL PRICES – Daily Metal Prices (May 11, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMay 5May 4May 1Apr. 30Apr. 29…
MINING MARKETS AND INVESTMENT NEWS — Western markets — Bad exploration news hits Winspear share price
The Vancouver Stock Exchange mining index reflected a lacklustre performance in precious and base metal prices, slipping 1.37 points, or 0.3%, to close at 488.64 over the April 29-May 5 report period….
Mixed results mark Breakwater’s quarter
The recent downturn in lead and zinc prices affected the first-quarter earnings reported by Breakwater Resources (BWR-T).The Toronto-based company earned $1.6 million (or 2cents per share) in the 3-mo…