LME WAREHOUSE LEVELS (May 04, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Apr.28/98 (change from Apr. 21 in brackets):MetalStock(tonnes)Change…
1998
Ecuadorian consolidates holdings at Gaby
Zappa Resources (ZPA-V) is set to deal its interest in the Gaby gold deposit in southern Ecuador to Ecuadorian Minerals (EMC-T).In a deal valued at US$1.6 million, Ecuadorian would take sole interest …
Ashanti poised for further growth
In early 1997, mining analysts from the London branch of Banque Paribas estimated that it would be a year before the benefits of a restructuring undertaken by Ashanti Goldfields (AHD.U-T) would be fel…
MINING IN CANADA — VenCan wins mine lawsuit
A judge has dismissed a company’s allegations that VenCan Gold (VCG-M) wrongfully dealt a 50% interest in production from the Edwards gold mine near Dubreuilville, Ont., to River Gold Mines (RIV-T).Ex…
NEW MINES ROUNDUP — Fall opening planned for Ekati mine
Mining history will be made this fall with the official opening of the Ekati diamond mine in the Lac de Gras region of the Northwest Territories.Operated and 51% owned by Broken Hill Proprietary (BHP-…
METAL PRICES – Daily Metal Prices (May 04, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateApr. 28Apr. 27Apr. 24Apr. 23Apr…
U.S. MARKETS — Dow follows gold’s decline
The Dow Jones Industrial average was down over the April 22-28 report period, closing at 8,898.96 on fears of higher interest rates in the bond market. The Dow slipped 285.98 points (or 3.1%), includi…
Anmercosa tests targets
Anmercosa Exploration, a subsidiary of South African-based Anglo American, has defined five gold exploration targets in Tanzania from a database provided by joint-venture partner Serengeti Diamonds (S…
MINING IN CANADA — Norcal and Gold Giant assess results at Norgiant — Partners encouraged by high-grade float at Aurville project
Operator Norcal Resources (NLR-V) and equal joint-venture partner Gold Giant Minerals (GNR-V) have completed their first phase of exploration drilling at the Norgiant project, situated 150 km northeas…
NEWS MINES ROUNDUP — Tulsequah Chief clears permitting hurdle
The Tulsequah Chief polymetallic mine in northwestern British Columbia was given a new lease on life earlier this year when the provincial government officially approved a proposal to reopen the forme…
MINING IN CANADA — Virginia Gold Mines drilling at La Grande Sud
Quebec City-based Virginia Gold Mines (VIA-M) is set to begin a new drill program on the Grande Sud property in the James Bay region of Quebec.Attention is focused on two zones of mineralization, name…
Rift reports African intersections
Encouraging results are reported from the first phase of exploration at the Silobela gold property in central Zimbabwe.Toronto-based Rift Resources (RIF-V), which is earning a half-interest in the pro…