GREATEST VALUE TRADED, Dec. 28-Jan.7
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PRODUCER PRICES (January 13, 1997)
ALUMINIUM: LME settlements US$1,524 per tonne, alloy $1,420 per tonne (Jan. 7/97).ANTIMONY: Composite free market, US$2,065 per tonne (Jan. 7/97).BISMUTH: Composite free market US$3.25 per lb. (Jan. 7…
Trillion completes deal with CMCWA
Ottawa-based Trillion Resources (TLQ-T) has bought a 51% intrest in privately owned Consolidated Mining Corporation of West Africa (CMCWA).The remainder of CMCWA is owned by its Malian managing direct…
METAL PRICES — FREE MARKET (January 13, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJan. 7Jan. 6Jan. 3Jan. 2Dec. 31…
Sutton Res. intensifies work at Bulyanhulu
Drilling has resumed at the Bulyanhulu gold project in Tanzania.In 1996, Sutton Resources (STT-V) completed more than 22,000 metres of drilling at the property, in which it holds a 85% interest. The r…
First Quantum raises financing
Vancouver-based First-Quantum Minerals (FM-V) has raised additional funds to explore for gold and copper projects in Africa.The company completed a $9-million private placement of 2.5 million special …
Chesbar funds Anacoco project
More than $4 million in working capital will be applied by Chesbar Resources (CBI-M) to its Anacoco gold project in Venezuela’s Bolivar state.Chesbar holds a 100% interest in two concessions totalling…
Caledonia cuts cobalt in Zambia
Drilling at the Nama copper-cobalt project in northern Zambia continues to outline additional mineralization.Operator Caledonia Mining (CAL-T) is investigating two anomalies, one of which, Anomaly A, …
Golden Gram Res. to prospect in Gabon
Montreal-based junior Golden Gram Resources (GRA-M) will begin prospecting its Manyima-Bakoudou gold property in the African nation of Gabon.Funding for the work was obtained through a $3-million fina…
Coeur d’Alene sells Indonesian asset
Coeur d’Alene Mines (CDE-N) and Australian-listed Sons of Gwalia are selling the Indonesian asset of Gasgoyne Gold Mines, an Australian-based company they are in the process of acquiring.Gasgoyne will…
MOST ACTIVE ISSUES, Dec. 28-Jan. 7
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FACTS’N’FIGURES — Iron ore sector remains hot
Australia and Brazil are expected to remain the dominant exporters of iron ore, according to a report conducted by Sydney, Australia-based AME Mineral Economics.The study estimates operating costs for…