Greatest Value Traded, July 16-22
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News
Anglo to explore Kabanga
Over the next two years, South African mining house Anglo American plans to spend at least US$7 million exploring Sutton Resources’ (STT-V) Kabanga nickel project in northwestern Tanzania.Exploration …
Mine plans for Mizek
A feasibility study has recommended that the Mizek project in Kazakstan be developed into a gold and silver producer.Steppe Gold Resources (SPE-V) envisages a 1.1-Million-Tonne-per-year heap-leach ope…
Guyanor perseveres in French Guiana
Drilling of four targets on the St. Elie and Dieu Merci gold properties in French Guiana has resulted in varying degrees of success for Guyanor Ressources (GLR.B-T).The junior, which is exploring the …
Monarch confirms potential in Durango
Reverse-Circulation drilling at the San Agustin property in Mexico’s Durango state has intersected wide zones of gold and silver mineralization.Monarch Resources (MRE-T), which is in the process of ac…
PRODUCER AND DEALER PRICES (July 28, 1997)
Aluminium: LME settlements US$1,579.50 per tonne, alloy $1,415 per tonne (July 22/97).Antimony: Composite free market, US$2,020 per tonne (July 14/97).Bismuth: Composite free market US$3.80 per lb. (J…
ODDS ‘N’ SODS — Service with a frown
I looked out the window of my office in the capital of Chile after reading the faxed daily report. It said the Vamco shovel in the North pit had broken down.”There’s a minor problem — the Fiblemann b…
Companies urged to improve communications — Recommendations intended to strengthen market
Gold mining companies need adapt to a market in which confidence has been weakened and must be willing to improve communications in order to attract investor interest and confidence, according to a re…
LETTERS TO THE EDITOR — Experienced lawyers essential for work in foreign jurisdictions
No one can disagree with the comments made by Stephane Brabant (“Mining companies urged to note differences in laws,” T.N.M., July 14/97). They are applicable to any foreign jurisdiction, even those “…
DIAMOND PAGE — Sea yields treasures for diamond partners
A consortium of companies has completed its analysis of the first bulk sample from the Sunda Shelf project in the South China Sea, off the coast of Indonesia.The consortium — Trans Hex International …
TORONTO STOCK EXCHANGE INDICES (July 28, 1997)
1997July 22July 21July 18July 17July 16HighLowCom…
Metallica expands holdings
Metallica Resources (MR-T) is adding two new gold properties to its portfolio, one of which is a recent gold producer.The latter property includes the Mara Rosa mine in Brazil, which the company is ac…