LME WHSE LEVELS (March 15, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar. 2/99 (change from Feb. 23 in brackets):MetalStocks (tonnes)Change…
News
Producer ponders expansion
Canada’s only primary producer of palladium is pondering an expansion of the Lac des les mine near Thunder Bay, Ont.Encouraged by positive results from a scoping study, North American Palladium (PDL-…
EXPLORATION 1999 – Western Pacific finds partner
SMC Resources, an Australian gold producer, has agreed to issue 31.5 million of its shares to Western Pacific Gold (WPI-A) in return for the junior’s land package in the Solomon Islands.Though still s…
EXPLORATION 1999 — Full study recommended for Cerro Crucitas — Lyon Lake sees potential in Placer Dome hand-me-down
Having put US$2 million so far into acquiring the Cerro Crucitas gold project in northern Costa Rica, Lyon Lake Mines (LLL-M) is seeing signs that the money was well spent.Lyon Lake hired the projects…
Tenke declares force majeure in DRC
The war in the Democratic Republic of Congo has forced Tenke Mining (TNK-T) to suspend payments on the the huge Tenke-Fungurume copper project in Katanga province.To maintain its 55% interest in the p…
DIAMOND PAGE — Redaurum shareholders to vote on merger
At a special meeting scheduled for March 22, shareholders of Redaurum (RRK-T) will be asked to approve a business combination with Remick Investments and a 1-for-40 share consolidation.Shareholders ha…
EXPLORATION 1999 — Quebec explorers hopping despite downturn
A pro-mining policy, combined with attractive geology and enticing new discoveries, is allowing Quebec to maintain high levels of exploration spending, despite an industry downturn that has slowed exp…
Metallica drills porphyry project in Chile
Metallica Resources (MR-T) has encountered significant copper-gold mineralization at the El Morro porphyry prospect in north-central Chile.In the second hole of a 10-hole program that spanned 2,000 me…
Careers (March 15, 1999)
Wabush Mines has immediate openings at its open pit and ore dressing complex in Wabush, Labrador.Electrical SupervisorMineAs the ideal candidate, you are a certified journeyman electrician or technolo…
Companies (March 15, 1999)
Alberta EnergyAltius MineralsAnglo AmericanArgentina GoldAshanti GoldfieldsAshton Mining of CanadaAzimut ExplorationBarrick GoldBHP DiamondsBlack Hawk MiningBoreal ExplorationBroken Hill Pr…
Pacific Rim buoyed by progress at Cofradia property in Peru
Encouraged by results from recent sampling, Vancouver-based Pacific Rim Mining (PFG-T) is planning a drill program for its Cofradia gold property, about 300 km southeast of Lima, Peru.Sampling within …
Richmont, Louvem finish 1998 profitably
Richmont Mines (RIC-T) is writing its year-end story in black ink for the seventh time in a row.The Montreal-based gold producer earned a profit of $3.9 million (or 25 cents a share) on revenue of $47…