DIAMOND PAGE — Partners pull plug on Mbala mine
Partners United Reef (URP-T) and Trans Hex International (THI-T) have decided to permanently close their Mbala diamond mine in the Central African Republic.The mine has been on care and maintenance si…
News
SPOT PRICES (March 23, 1998)
Wednesday, March 18, 1998Price (US)Week’s ChangeGold*$289.10- $6.15Silver*$ 5.80…
PRODUCER AND DEALER PRICES (March 23, 1998)
Aluminium: LME settlements US$1,450, alloy US$1,297 per tonne (Mar. 17/98).Antimony: Representative mid-market US$1,600 per tonne (Mar. 17/98).Bismuth: Representative mid-market US$3.85 per lb. (Mar. …
Lucero drilling on Seal Lake
The drilling of potential kimberlite targets is under way on the 65,000-ha Seal Lake prospect in the Buffalo Hills area of Alberta.Lucero Resource (LCR-V) holds an option to earn a half-interest in th…
STOCK MARKETS — Majors suffer through another week of low metal prices — Caledonia leads the junior pack with Canadian and African projects
The Toronto Stock Exchange 300 composite index ended the report period of Mar. 11-17 at 7,440.37 points, up 144.37, or 2%. The index hit yet another record high of 7,468.76 points during the week.The …
LME WAREHOUSE LEVELS (March 23, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.17/98 (change from Mar. 10 in brackets):MetalStock(tonnes)Change…
U.S. government investigates American Gem claims
The U.S. Department of Justice is investigating the alleged submission of certain fraudulent mining claims in west-central Montana involving American Gem (GEM-T), its former chairman, Gregory Dahl, an…
GREATEST VALUE TRADED (March 23, 1998)
ExchgVol(000’s)HighLowCloseChangeInco LtdT125095…
CCAA: Bankruptcy Act lite
.BGUEST COLUMN/Bruce LeonardThe recent market decline has significantly impacted resource companies.Downsizings, closures, layoffs and reduced levels of operations have all made their mark. However, w…
LETTERS TO THE EDITOR — Minister should get serious
At the recent Prospectors & Developers Association of Canada convention in Toronto, I had the opportunity to hear the Honourable Chris Hodgson, minister of Northern Development and Mines for the provi…
METAL PRICES — Daily Metal Prices (March 23, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMar. 17Mar. 16Mar. 13Mar. 12Mar…
DIAMOND PAGE — De Beers samples TNK property
Initial sample testing by the Botswanan prospecting arm of De Beers Consolidated Mines (DBRS-Q) has turned up macrodiamonds in three of four kimberlite pipes discovered in 1997 by TNK Resources (TNKR-…