PRODUCER AND DEALER PRICES (December 29, 1997)
Aluminium: LME settlements US$1,518, alloy US$1,390 per tonne (Dec. 22/97).Antimony: Representative mid-market US$1,550 per tonne (Dec. 22/97).Bismuth: Representative mid-market US$3.30 per lb. (Dec. …
News
METAL PRICES – Daily Metal Prices (December 29, 1997)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateDec.22Dec.19Dec.18Dec.17…
DIAMOND PAGE — SouthernEra bags more diamonds at Luo
The Luo alluvial diamond project continues to pump out diamonds for its owners.SouthernEra Resources (SUF-T) reports that 3,385.5 carats of diamonds were recovered at the northeastern Angola project b…
Norcal and Gold Giant identify targets
Partners Norcal Resources (NLR-V) and Gold Giant Minerals (GNR-V) have identified 15 geophysically derived drill targets at theirNorgiant project in northwestern Quebec.Operator Norcal says that 11 of…
Western Pinnacle to evaluate gold deposits in eastern Siberia
Moscow-based Western Pinnacle Mining (WPN-V) has signed an agreement to evaluate three gold deposits near Chita in eastern Siberia, Russia.Western Pinnacle will set up a 50-50 joint venture with the R…
Rhonda, Noranda hit lead-zinc at Esker project
Partners Rhonda Mining (RDM-A) and Noranda (NOR-T) have received mixed results from drilling at their Esker base-metal project in the Northwest Territories.Results ranged from 0.08% lead and 0.97% zin…
Astro signs agreement with Caldera
Australian-based Caldera Resources (CDR-M) has dealt an option to earn a 60% interest in its Abminga diamond project, on the northern border of South Australia, to Australian diamond explorer Astro Mi…
Junior explores ground near Savant Lake
Recent surface exploration by Prospectors Alliance (PALL-C) has prompted the company to mobilize a drill rig to a newly staked property in the Savant Lake area of northwestern Ontario.The junior is ex…
Meetings (December 29, 1997)
Dec. 29, AdobeDec. 29, Conqueror HoldingsDec. 29, Interock GoldDec. 29, Minera RayrockDec. 29, MonarchDec. 29, Rayrock YellowknifeDec. 29, Viking GoldDec. 29, WayburnDec. 30, Amcan MineralsDec. 30, Bl…
Canyon aims to boost economics of McDonald project with new mine plan
Now that Canyon Resources (CAU-X) has 100% control of the McDonald gold property in Montana, it is updating the economics of the project in light of additional data and a lower gold price.The company …
Glimmer achieves commercial production
Company officials and visitors examine core from the Glimmer mine.New Year’s Day 1998 will mark the start of official production for the Glimmer mine project in northeastern Ontario.Operator Exall Res…
Barrick adopts poison pill
The board of directors of Barrick Gold (ABX-T) has adopted a shareholder-rights plan designed to make the company more difficult to take over.Barrick will propose the plan — which would remain in eff…