LME Warehouse Levels (February 17, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Feb.10/97 (change from previous week in brackets):Aluminum925,650(-12,825)Copper218,475(+17,975)Lead110,900(-525)Nickel45,17…
1997
Ursa adds to potential of Koktasjal copper-gold in deposit in Kazakstan
Hamilton, Ont.-based Ursa Major International (URSA-C) has identified additional mineralization on its 75%-owned Koktasjal copper-gold property in the former Soviet republic of Kazakstan.In the recent…
Prime aglow over ’96 earnings
Prime Resources Group (PRU-T) enjoyed higher earnings and increased gold production in 1996.The company earned $42.1 million (or 55 cents per share) on revenue of $198.7 million, compared with $36.5 m…
Mines in the making — Placer inks deal for Las Cristinas
Construction will begin on the Venezuelan gold mine known as Las Cristinas, following an agreement signed by Placer Dome (PDG-T) and state-owned Corporacion Venezolana de Guayana.The agreement was sig…
Mines in the making — Homestake building Ruby Hill
A new heap-leach gold mine under construction in central Nevada is expected to become the lowest-cost producer of Homestake Mining (HM-N).When it is up and running later this year, the Ruby Hill mine …
Commentary — Following the leaders
Jon Baird is managing director of the Canadian Association of Mining Equipment & Services for Export and chairman of the co-ordinating committee of Keep Mining In Canada, a grassroots campaign designe…
THE DIAMOND PAGE — Namco is granted new mining licence
The government of Namibia has granted Namibian Minerals (NMR-T) a diamond mining licence for the Koichab prospect, which forms part of the company’s Luderitz Bay grant.The offshore mining company, als…
EDITORIAL PAGE — Diamonds in the rough
Africa, diamonds and mercenaries are words that fire the imagination and inspire adventure novels. Put them together and you have the makings of a television documentary that delivers something out of…
Amendments announced for Ontario’s Mining Act
In an attempt to eliminate red tape and attract investment in Ontario’s mining sector, the Ministry of Northern Development and Mines has revised the province’s Mining Act.The revisions, which the gov…
MOST ACTIVE ISSUES, Feb. 5-11
ExchgVol(000s)ClosePure Gld ResT111890.38Maymac PeteV…
Sumitomo finds joy at Stone Boy
Drill results from the Stone Boy gold property have triggered increased interest in the Fairbanks district of Alaska.The drill program, which returned a 10.4-metre intersection grading 31.8 grams gold…
Bralorne set for reopening
After several years of false starts, the historic Bralorne gold mine near Vancouver, B.C., is scheduled to reopen in mid-March.The mine operated from 1916 to 1971, but low gold prices forced its closu…