Canabrava, Paramount await licence
The Rio Do Sono alluvial diamond project in Brazil is nearing production, report partners Canabrava Diamond (CNB-V) and Paramount Ventures and Finance (PVF-V).The 15,000-ha property, 300 km south of B…
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South Atlantic options Masa
South Atlantic Resources (SCQ-V) has an option to lease the Inga group’s Masa zinc mine in Brazil.The mine, with an independently estimated resource of 4.9 million tonnes averaging 18% zinc, has produ…
METAL PRICES (September 13, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateSept. 7Sept. 6Sept. 3Sept. 2…
MK Gold eyes copper play
Salt Lake City-based MK Gold (MKAU-O) has bought the Las Cruces copper deposit in southwestern Spain from Rio Tinto (RTP-N) for US$42 million.In acquiring the 27,200-ha property, the junior has also g…
North options Nevada property
Australia’s North Mining can acquire a 51% stake in the Antone Canyon gold project in Nevada from Royal Standard Minerals (RSM-M). In return, the major is required to spend US$2 million and outline a …
Birim courts new admirer
In response to the recent takeover bid by Golden Star Resources (GSC-T), junior Birim Goldfields (BGI-T) has stepped up its courting of another suitor.Birim management says it has received a proposal …
SPOT PRICES (September 13, 1999)
Precious MetalsPrice (US$/oz.)ChangeGold$256.00+$0.55Silver$ 5.17-$0.03…
GREATEST VALUE TRADED, Sept 1-7
ExchgVal($000’s)HighLowCloseChangeAlcoa*N234540…
TSE INDICES (September 13, 1999)
1999Sep. 7Sep. 6Sep. 3Sep. 2Sep. 1HighLowComposit…
MINING MARKETS & INVESTMENT NEWS — U.S MARKETS — Copper prices pull producers higher
The Dow Jones industrial average climbed 204.85 points, or 1.9%, to close at 11,034.13 for the report period ended Sept. 7.Copper miners led the charge as the price of the red metal on the Comex divis…
Rubicon hits more sulphides at Palmer (September 13, 1999)
Junior Rubicon Minerals (RMX-V) has intersected more sulphides while testing the RW zone at its wholly owned Palmer project, near Haines, Alaska.Partial results from hole 12 returned an 8.3-ft. interv…
New exchange moves closer to operation
The planned restructuring of Canada’s stock exchanges has taken another step forward, with the announcement that the merged Vancouver and Alberta exchanges will be called the Canadian Venture Exchange…