METAL PRICES (September 19, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Sept.13 Sept.12 Sept.9 Sept.8 Sept.7 Copper 2503-2504 2497.5-2498.5 2481-2482 2473-2474 2467.5-2468.5 Lead 616-617 611-612 608.5-609.5 6…
News
Spot prices at a glance (September 19, 1994)
Week’s Price (US) Change Gold* $390.40 + $2.00 Silver* $ 5.46 $0.05 Platinum* $416.75 $3.00 Nickel** $ 2.94 + $0.15 Lead** $ 0.28 + $0.01 Copper $ 1.13 + $0.01 Zinc $ 0.44 $0.00 Courtesy of Scotiabank…
Canarc drilling in Venezuela
Drilling is under way on the Aurora property in Venezuela. Canarc Resource (VSE) is funding the work under a 50-50 joint-venture agreement with Tombstone Explorations (VSE). Surface exploration over t…
Rio acquires 25% royalty in Polaris lead-zinc mine
Metals producer Rio Algom (TSE) has bought all the shares in NCO Mines, which holds a royalty interest in production from the Polaris lead-zinc mine. NCO, a wholly owned subsidiary of North Canadian O…
Queen’s seminar set for December
The department of geological sciences at Queen’s University in Kingston, Ont., will present a seminar Dec. 4-10 on “economic guidelines for mineral exploration.” Led by Brian Mckenzie, the seminar is …
PRODUCER PRICES (September 19, 1994)
ALUMINUM: MW U.S. market US71.5-72.5 cents per lb. (Aug. 25, 1994). ANTIMONY: MW New York dealer US$2.35-2.50 per lb. (July 21, 1994). BISMUTH: MW New York dealer US$3.75-4.25 per lb. (July 28, 1993)….
High-purity rare earths grow in demand
High-purity rare earths products represent an important and fast-growing market, says market analyst Roskill. Its report, The economics of rare earths 1994, states that separated rare earths claims ar…
Cumberland buys Asamera royalty
Gold explorer Cumberland Resources (VSE) acquired the 2% royalty against its interests in the Meliadine, Meadowbank and Parker Lake projects in the Northwest Territories. The company paid Asamera Mine…
NO HEADLINE (September 19, 1994)
William focuses on projects in Mexico and South Africa Following the acquisition of mining contractor Bharti Laamanen Mining in July and a subsequent reorganization of company management, William Reso…
Metall expanding strike, downdip extent at Akie
Drilling on the Akie claims in northeastern British Columbia is expanding the strike and downdip extent of a recent massive sulphide discovery. Metall Mining (TSE) is earning a 60% interest in the pro…
Grouse Creek drilling cuts high-grade gold
Underground drilling by Hecla Mining (NYSE) has intersected several spectacular sections of gold-silver mineralization at the company’s joint-ventured Grouse Creek deposit in Idaho. One of the most im…
Altai active at Manto Azul
A feasibility study is in progress on the Manto Azul copper project in west-central Peru, Altai Resources (TSE) reports. Acid leach column tests show that 77% of the total copper and 98% of the solubl…