BHP gains option to develop Tenke Fungurume
BHP Copper, a subsidiary of Broken Hill Proprietary (BHP-N), has negotiated an option to acquire a major stake in Tenke Mining’s (TNK-T) enormous Tenke Fungurume copper-cobalt project in the Democrati…
News
AG extends mineralization at Veladero
Hot junior Argentina Gold (ARP-V) has unveiled still more encouraging drill results from its Veladero property in northwestern Argentina,Ownership of the Veladero lease, which comprises 13,000 ha in t…
Orvana extends option on Butte Highlands
In an agreement with the property owners, Orvana Minerals (ORV-T) has extended by four years its purchase option on the Butte Highlands gold project in Montana.The company can acquire the title to the…
Due process must run its course in US
I am neither a Democrat nor a Republican, but an independent voter. Both parties have considerable problems, and I will agree with you on one point — that the Republicans currently lack effective lea…
SPOT PRICES (December 21, 1998)
Wednesday December 16, 1998Price (US)Week’s ChangeGold*$292.55-$0.95Silver*$ 4.94…
LME WHSE LEVELS (December 21, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec. 15/98 (change from Dec. 8 in brackets):MetalStocks(tonnes)Change…
LETTERS TO THE EDITOR — Faulty software raises red flags for miners — Engineers should be involved in design process
I must commend Brian Hester for highlighting problems he has encountered using packaged software in geophysics (“Software can affect geostats,” T.N.M., Dec. 7-13/98).As a member of the Council of Prof…
TSE INDICES (December 21, 1998)
1998Dec. 15Dec. 14Dec. 11Dec. 10Dec. 9HighLowComp…
METAL PRICES (December 21, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateDec. 15Dec. 14Dec. 11Dec. 10…
Southern Metals acquires Chilean ground
Having only recently acquired the Laja gold project in northern Chile, Fremont Gold (FGLD-O) is now joint-venturing the property to a second party.Arizona-based Southern Metals (SUH-V) will earn up to…
PRODUCER & DEALER PRICES (December 21, 1998)
Aluminium: LME settlements US$1,216, alloy US$1,037 per tonne (Dec. 15/98).Antimony: Representative mid-market US$1,295 per tonne (Dec. 1/98).Bismuth: Representative mid-market US$3.20 per lb. (Dec. 1…
INVESTMENT COMMENTARY — Weak junior resource market takes shine off Minefinders
Despite an updated resource estimate and a positive scoping study, the share price of Minefinders (MFL-T) has not kept step with the improving fundamentals of its Dolores gold-silver project in west-c…