News

ALUMINIUM: LME settlements US$1,372.50 per tonne (Oct. 29, 1996), alloy US$1,250 per tonne (Oct. 25, 1996).ANTIMONY: Composite free market, US$2,050 per tonne (Oct. 29, 1996).BISMUTH: Composite free m…

The Great Depression of the 1930s still evokes images of soup lines, stock-market casualties, bankruptcies and mortgage foreclosures, topped off by one of the worst droughts in Canadian history.Canada…

Indochina Goldfields (ING-T) intends to reduce capital costs and speed up construction at its Monywa open-pit copper project in central Myanmar.The company hopes to cut costs by about US$35 million by…

Junior IMPACT Minerals (IPT-V) has entered into two separate option agreements with Energold Mining (EGD-V) on properties in the Dominican Republic.IMPACT can earn a 60% interest in the Majagual conce…

Junior Golden Bear Minerals (GB-V) is encouraged by results from an 8-hole drill program on the Beruang Mas South project in southern Sumatra, Indonesia.In addition, a closely spaced geophysical progr…

Gold Funds as of October 17, 1996BGRCentralNet Value$23.34$6.30Price$18.70…

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct.14/96 (change from previous week in brackets):Copper159,350(-32,200)Tin10,015(+25)Lead116,550(+450)Zinc547,100(-2,525)A…

Alexandra Shorre appointed director.

Frederic Hewett appointed president and chief executive officer; D.B. McLeod appointed president and chief executive officer; and Donald McLeod appointed chairman.

Brian Ross and Gary Donaldson elected directors; Ross Anderson appointed director; and Charles Michell appointed president and director.

Craig Thomas appointed director.

Nizar Bharmal appointed director.