METAL PRICES (July 12, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJuly 6July 5July 2July 1…
News
Cambiex acquiring BHP’s Hope Bay properties
Cambior (CBJ-T) subsidiary Cambiex Exploration (CBX-T) is acquiring Broken Hill Proprietary’s (BHP-N) Hope Bay gold properties in western Nunavut.Cambiex will pay US$23 million in four stage…
Banro employees, lawyers charged in DRC
Banro Resource (BNRS-C) reports that two employees from its Congolese subsidiary and two attorneys from Banro’s legal advisor, Mitchell and Associates, were charged with “high treason” in the Democrat…
GREATEST VALUE TRADED, June 30-July 6
ExchgValue($000s)HighLowCloseChangeAlcoa*N403627…
Ekati mine surpasses expectations
The Ekati diamond mine in the Northwest Territories is operating at full capacity of 250,000 carats per month, with 308,000 carats having been produced in May alone.BHP Diamonds, a subsidiary of Broke…
INVESTMENT COMMENTARY — Mini-tenders hit the mining industry
It’s hard to imagine why any investor would sell shares at discounted prices when they could easily realize better prices on the open market. Yet enough are selling to keep a Phoenix-based firm busy e…
MOST ACTIVE ISSUES, June 30-July 6
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Coeur trims exploration costs
Although the price of silver is north of US$5 per oz., Coeur d’Alene Mines (CDE-N) has decided to cut exploration and administrative expenses to the tune of US$6.5 million per year.The Idaho-based com…
Manhattan enhances Tambo Grande (July 12, 1999)
Drilling on the previously untested TG-3 geophysical gravity anomaly at the Tambo Grande project in northern Peru has intersected massive sulphides.Manhattan Minerals (MAN-T) reports that the first dr…
Boliden restarts milling at Los Frailes mine
Two months after mining resumed, Boliden (BOL-T) has restarted milling operations at its Los Frailes open-pit zinc mine near Seville, Spain.The company says its plant has achieved a steady state of op…
Viceroy continues to advance Gualcamayo
Viceroy Resource (VOY-T) is nearing completion of its exploration program at the Gualcamayo gold project in the Argentine province of San Juan.The company can earn a 60% interest in the project from M…
EDITORIAL & OPINION — COMMENTARY — Understanding TRI
Beginning July 1, the metal mining industry in the United States was required to file reports according to the federal Toxics Release Inventory (TRI) program. The biggest challenge for the industry, h…