METAL PRICES – Daily Metal Prices (December 08, 1997)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateDec. 2Dec. 1Nov. 28Nov. 27Nov.
News
Fremont adds to Chilean holdings
An agreement with a South American company sets the stage for Fremont Gold (FGLD-Q) to acquire an 8,000-ha property in the Maricunga district of northern Chile.Most of the property lies between the Al…
TSE Short Positions (December 08, 1997)
Short positions outstanding at Nov. 15, 1997Larger individual positions included: Alcan Aluminium 844,262, down 360,285; Barrick Gold 11,730,966, up 388,087; Battle Mountain Canada 3,345,170, up 724,4…
Akrokeri rebounds in third quarter
Earnings for Akrokeri-Ashanti Gold Mines (AAGM-C) rose slightly in the third quarter.The Toronto-based company raked in US$270,000 (or 0.01cents per share) for the period, compared with a loss of US$1…
Nord Pacific hits high grade in PNG
Nord Pacific (NPF-T) has intersected more high-grade gold at its prospects on Simberi Island, Papua New GuineaThe best hole at Pigiput, No. P34, returned 5 metres (from 129 to 134 metres grading) grad…
World Wide to spin off assets
Toronto-based World Wide Minerals (WWS-T) has transferred its gold exploration projects to a new subsidiary.Among World Wide’s gold assets are several grassroots projects in China, including the 55%-o…
Feasibility study begins for Bulyanhulu deposit
A feasibility study is in full swing at the Bulyanhulu gold project in northern Tanzania.Sutton Resources (STT-V) is driving a decline into Reef 1, where about 20,000 tonnes will be test-mined. Infill…
COMMENTARY — Feds should stay course
The mining industry has awarded the federal government a passing, but lackluster, grade for its progress in keeping promises regarding environmental regulatory reform.The federal government was given …
BHP inks deal with Belgians
A marketing consulting agreement has been reached between BHP Diamonds and Belgium-based IDH Diamonds, an established diamond dealer.BHP Diamonds, a unit of Broken Hill Proprietary (BHP-N), holds a 51…
LETTER TO THE EDITOR — Bre-X investor renounces stock market
I am so disgusted over the Bre-X Minerals fiasco that I will never buy another Canadian mining stock, and I’ve invested in them for 36 years.I didn’t lose much on Bre-X; I bought 200 shares when there…
Canabrava enlists partner for Ontario diamond hunt
Vancouver-based Paramount Ventures & Finance (PVF-V) and Canabrava Diamond (CNB-V) have formed the KAP joint venture, which has gathered up four northern Ontario properties that are believed to be pro…
Producer and Dealer Prices (December 08, 1997)
Aluminium: LME settlements US$1,564.50, alloy US$1,442 per tonne (Dec.2/97).Antimony: Representative mid-market US$1,625 per tonne (Dec. 2/97).Bismuth: Representative mid-market US$3.35 per lb. (Nov. …