Mexico an alternative to permit-plagued US
Vivian Danielson, in her comprehensive article about U.S. mine-permitting problems (T.N.M., June 12/00), did an excellent job of documenting why grassroots exploration in the western U.S. is no longer…
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TSE Shorts (June 26, 2000)
Short positions outstanding at June 15, 2000Larger individual positions include: Abitibi-Consolidated Inc. 3,063,266 up 141,947; Alcan Aluminium Ltd. 245,854 down 86,105; Anderson Expl. Ltd. 462,446 d…
Aluminum buoys copper, zinc
The influence of nickel prices on other base metals has been eclipsed by that of aluminum.Aluminum prices gained more than US$100 per tonne in just two trading days during the report period June 12-16…
Dow edges down on tech rally
The Dow Jones industrial average closed down 186.68 points, or 1.8%, at 10,435.16 in the report period ended June 20. The broader market was hurt by a technology rally on the Nasdaq, which again climb…
LME WHSE LEVELS (June 26, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 20/00 (change from June 13 in brackets):MetalStock(tonnes)Change…
Positive feasibility for EuroZinc’s Aljustrel
Vancouver-based junior EuroZinc Mining (EZM-V) has a positive feasibility study in hand for its Aljustrel zinc-copper-lead project in southern Portugal.The study, prepared by Steffen, Robertson & Kirs…
GREATEST VALUE TRADED, June 14-20
ExchgVal($000s)HighLowCloseChangeAlcoa*N 586835 32.00 28.44…
Producer and Dealer Prices (June 26, 2000)
Antimony: Mid-mkt US$1,215/t.Bismuth: Mid-mkt US$3.55/lb.Cadmium: Mid-mkt US$0.23/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$15.35-16.90/lb.Copper: Comex July US$0.813/lb.Indium: In…
Cominco in talks with producer
Vancouver — Cominco (clt-t) has entered into negotiations with a private company to form a joint venture in connection with a small-scale open-pit oxide zinc mine in northwest Iran.On an annual basis…
MEETINGS (June 26, 2000)
June 26 Akrokeri-Ashanti — annualJune 26 Amblin — annual, generalJune 26 Champion — annual, generalJune 26 Copper Hill — annual, specialJune 26 Curri…
Newmont to merge with Battle Mountain
Newmont Mining (NEM-N) has inked a deal to acquire Battle Mountain Gold (BMG-N), representing the second major merger in the gold mining industry in the past two weeks.Only days earlier, Toronto-based…
Gold Funds (June 26, 2000)
Gold Funds as of June 15, 2000Dynamic MutualCentral FundNet Value$13.06$5.62Price$7.4…