METAL MARKETS — FREE MARKET
London Metal ExchangeMidday bid-ask prices in $US per tonneDateDec. 17Dec. 16Dec. 13Dec. 12Dec. 11…
1996
Zambia Consolidated announces parties bidding for Kansanshi mine
State-owned Zambia Consolidated Copper Mines (ZCCM) has announced that six bids have been submitted for a majority interest in the Kansanshi copper mine.The sale of the mine is part of the government’…
EDITORIAL PAGE — National securities body still grounded
The idea of a national securities commission has failed to take flight in Canada despite the dedicated efforts of those who believe it could make the country’s financial markets increasingly fair, eff…
Stratabound drilling Taylor Brook
Five drill holes have been completed on targets east of Stratabound Minerals’ (SB-A) Taylor Brook discovery. The zinc-lead-silver massive sulphide deposit is situated between Noranda’s (NOR-T) Heath S…
THE DIAMOND PAGE — Taku work highlights Canarc’s third quarter
Canarc Resource (CCM-T) reports a busy third quarter dominated by financing deals, permitting and feasibility work.In addition to closing a $9.2-million private placement, the junior launched a major …
Etruscan deals Tiawa option to Placer Dome
An agreement between Etruscan Enterprises (ETT-V) and the African subsidiary of Placer Dome (PDG-T) has given that company an option for a 51% interest in the Samira gold deposit in Niger.The deal cov…
THE DIAMOND PAGE — AK partners seek further valuations of diamonds from 5034 kimberlite
Diamonds recovered from the 5034 kimberlite at the AK property in the Northwest Territories will be sent to Belgium for further evaluation.The AK-CJ properties are 130 km south of the Lac de Gras regi…
PRODUCER PRICES (December 23, 1996)
ALUMINIUM: LME settlements US$1,489 per tonne, alloy $1,349 per tonne (Dec.17/96).ANTIMONY: Composite free market, US$2,075 per tonne (Dec. 16/96).BISMUTH: Composite free market US$3.20 per lb. (Dec. …
Laminco and Placer Dome form joint venture in Mexico
A joint venture has been formed allowing the Mexican subsidiary of Placer Dome (PDG-T) to buy a majority interest in a portion of the San Antonio project, held by Laminco Resources (LMR-T).Empresa Min…
PEOPLE — FOOTWALL EXPL.
Nicholas Vlaovich and William Myers appointed directors.
Manhattan looks to outline tonnage at Candamena
A recent drilling program carried out by Manhattan Minerals (MAN-T) is outlining a bulk-tonnage, gold-silver deposit at the Candamena property in Chihuahua state, Mexico.The Candamena property is 25 k…
Teck, Western Copper hit more mineralization at Salvador property in Mexico
Air-track drilling at the 225-sq.-km Salvador property in north-central Mexico has outlined another zone of surface oxide mineralization for partners Teck (TEK-T) and Western Copper Holdings (WTC-T).T…