Nord Pacific goes Canadian
Aiming to increase its exposure to Canadian equity markets, U.S.-based Nord Pacific (NPF-T) has changed its corporate domicile to New Brunswick from Bermuda.Shareholders have already approved the chan…
News
METAL PRICES (October 19, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 13Oct. 12Oct. 9Oct. 8…
Regal buys into Maritime gold project
Toronto-based Regal Goldfields (REGL-C) can earn a 75.5% interest in the Touquoy gold project 60 km northeast of Halifax.Work to date by project vendor Moose River Resources has defined an indicated r…
GOLD FUNDS (October 19, 1998)
Gold Funds as of October 8, 1998BGRCentralNet Value$14.606.25Price$11.80$…
LME WHSE LEVELS (October 19, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct. 13/98 (change from Oct. 6 in brackets):MetalStocks (tonnes)Change…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold rally takes a breather as base metal miners gain ground
The shine was off the precious metals this past week, with gold dropping $2.25 to US$296.60 per oz., platinum slumping $5.50 to US$340.50 per oz., palladium slipping $5 to US$276 per oz. and silver sl…
Strike disrupts production at Cayeli copper mine
Production at the Cayeli copper-zinc mine in Turkey has been suspended as a result of a miners’ strike.Inmet Mining (IMN-T), which owns a 49% equity interest in the mine’s owner, Cayeli Bakir Isletmel…
Jiawula drilling off to good start for Naneco
Drilling at the Jiawula polymetallic deposit in the Inner Mongolia region of China continues to confirm mineralization in the advanced No. 2 vein.Junior Naneco Minerals (NNE-A) is targeting the zone i…
Atna drops Palmer base metal project
Atna Resources (ATN-T) has elected to back away from the Palmer base metal project in southeastern Alaska.The project was a joint venture with Rubicon Minerals (RMX-V). The two companies recently comp…
INDUSTRIAL MINERALS — Robex sells Upton barite deposit
East Coast drilling improves economics of eastern Quebec project Ten years of exploration at the Upton barite deposit near Montreal, Que., are beginning to bear fruit for owner Robex Resources (RBX-T)…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Getting the shaft in Winnipeg
In mid-November of 1926 at the Central Manitoba Mines’ gold operation, the main shaft of our hoist broke, and the ensuing tale illustrates the difficulties of working in the remote bush before the day…
New nickel showing at Powderhorn Lake
Road construction for logging has enabled a prospecting syndicate to locate a showing of copper-nickel-cobalt mineralization in Newfoundland’s Central Mineral Belt.The showing, at Powderhorn Lake, abo…