PRODUCER & DEALER PRICES (August 17, 1998)
Aluminium: LME settlements US$1,291.50, alloy US$1,144 per tonne (Aug. 11/98).Antimony: Representative mid-market US$1,310 per tonne (Aug. 11/98).Bismuth: Representative mid-market US$3.55 per lb. (Au…
1998
River Gold boosts profit from Canadian mines
Higher production and lower operating costs translated into a strong second quarter for River Gold Mines (RIV-T).The Canadian gold miner earned $5.5 million (or 18 cents per share) in the three months…
Rift adds to African holdings
A letter-of-intent agreement sets the stage for Rift Resources (RIF-V) to acquire the Adi Nefas gold and polymetallic massive sulphide deposits near Asmara in the East African nation of Eritrea.Subjec…
HBM&S launches program at Chisel North zinc deposit
Hudson Bay Mining & Smelting has announced a $17-million underground development program at its Chisel North zinc deposit near Snow Lake, Man.The company plans to drive a 2.6-km decline from the 140-m…
SUPPLIERS NEWS ROUNDUP — Agnico-Eagle unloads Cobalt mill
Agnico-Eagle Mines (AGE-T) has sold its Pell mill site in Cobalt, Ont., to the Canadian subsidiary of East Hampton, N.Y.-based Sabin Metal. Privately held SMC Canada picked up the former mill for an u…
Placer, Barrick to evaluate Sukhoi Log
Two major Canadian mining companies have been awarded licences to study the Sukhoi Log gold deposit in northeastern Russia.Placer Dome and Barrick Gold have until Christmas to study the deposit in ant…
OBITUARIES — Reinhart Ehrlich
Reinhart (“Reini”) Ehrlich, vice-president and chief metallurgical engineer for Watts Griffis & McOuat (WGM), has died. He was 75.Born in Frankfurt, Germany, on Sept. 14, 1922, Ehrlich immigrated to C…
LME WAREHOUSE LEVELS (August 17, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug. 10/98 (change from Aug. 3 in brackets):Aluminium462850(-9200)C…
METAL PRICES — Daily Metal Prices (August 17, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateAug. 11Aug. 10Aug. 7Aug. 6…
Dynatec drops Yukon venture
Contract miner Dynatec (DY-T) has decided not to participate in the rehabilitation, development and operation of dormant silver-lead-zinc mines near Elsa, in the central Yukon.The company terminated d…
Celtic, Jilbey lure Rio to Hungry Hill
Partners Celtic Minerals (CME-A) and Jilbey Exploration (JLB-M) have lured Rio Algom (ROM-T) to their equally owned Hungry Hill polymetallic property in central Newfoundland.Rio can earn a 51% interes…
Crown, U.S. close New World agreement — Company opts for cash rather than federal property
The saga of the New World gold-silver-copper project in Park Cty., Mont., is drawing to a close, as former owner Crown Butte Resources and the U.S. government conclude a 2-year-old exchange deal.Crown…