METAL PRICES — FREE MARKET (January 27, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJan. 21Jan. 20Jan. 17Jan. 16Jan. 15…
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PRODUCER PRICES (January 27, 1997)
ALUMINIUM: LME settlements US$1,608 per tonne, alloy $1,535 per tonne (Jan. 21/97).ANTIMONY: Composite free market, US$2,350 per tonne (Jan. 21/97).BISMUTH: Composite free market US$3.25 per lb. (Jan….
Infill drilling adds to Agua Rica
The latest results from infill drilling are adding more promise to the Agua Rica porphyry copper deposit in Argentina.Situated in Catamarca province, the project is a joint venture between Northern Or…
Placer gains majority stake in Highlands Gold
Gold giant Placer Dome (PDG-T) now owns more than 58% of the shares of Highlands Gold, a Papua New Guinean mining company”We have received a high level of acceptances and are happy with the outcome of…
Chivor resumes development work at Colombia’s Oriente emerald mine
Following a short holiday break, Chivor Emeralds (CHIV.U-C) has resumed operations at its Oriente emerald mine in the Chivor district of Colombia.Chivor has an 80% interest in the mine and is concentr…
COMMENTARY — Gold and the Euro
Europe should have a new currency on Jan. 1, 1999, but the role gold will play (if indeed it plays any) has yet to be determined.Planning for the new European currency, the Euro, gathered momentum in …
Madsen boosts reserves at namesake gold mine
Underground drilling is enabling Madsen Gold (MGF-T) to increase reserves at its Madsen mine in the Red Lake camp of northwestern Ontario.During the fourth quarter of 1996, the company outlined, in th…
Romarco hits high-grade gold
Romarco Minerals (R-T) has hit its hottest hole yet at the Midas gold-silver property in Nevada’s Carlin trend,The company completed six reverse-circulation (RC) holes and two core holes before the pr…
Aneka Tambang gains control of ERI Ventures
Indonesia’s state-owned mining company will acquire a controlling share position in Vancouver-based ERI Ventures (EVI-V). In return, ERI will acquire interests in 13 properties on the island of Java.U…
Palmer Res. sees red in northern Vietnam
Junior Palmer Resources (PMD-V) is targeting widespread, sediment-hosted, stratiform copper mineralization in Vietnam’s northern province of Bac Giang.The company has secured three exploration licence…
Walsh heads list of top Toronto CEOs
David Walsh, chief executive officer of Calgary-based Bre-X Minerals, has been named the top executive of all companies listed on the Toronto Stock Exchange.Compiled by Heidrick & Struggles, a firm th…
Redpath passes safety milestone at Sudbury’s Lockerby base metal mine
Work crews developing the Lockerby nickel-copper-cobalt mine in Sudbury, Ont., have surpassed 300,000 man hours without a lost-time injury.The development program, carried out by J.S. Redpath, involve…