The Dow Jones Industrial average climbed above the 9,000 mark during the holiday-shortened report period of July 2-7. The Dow gained 87.68 points (or 1%) to close at 9,085.04.There were no fireworks a…
Aluminium: LME settlements US$1,265.50, alloy US$1,195 per tonne (July 7/98).Antimony: Representative mid-market US$1,375 per tonne (July 7/98).Bismuth: Representative mid-market US$3.60 per lb. (July…
Based on a recently completed evaluation study, Weda Bay Minerals (WDA-A) has resolved to proceed with development of its nickel-cobalt property on the Indonesian island of Halmahera.The project, in w…
Gold Funds as of June 25, 1998BGRCentralNet Value$13.85$6.02Price$10.10$5…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 6/98 (change from June 29 in brackets):MetalStocks(tonnes)Change…
With China’s mining industry (along with many other sectors) rapidly becoming more like those of Western nations, Denver-based General Minerals (GNM-T) is seizing the opportunity to pick up prospectiv…
Tucson, Ariz.-based AMT International Mining (AAI-T) has arranged to buy out Copper Creek partner Broken Hill Proprietary (BHP-N).To earn the Australian-based major’s 50% stake in a 1,680-acre portion…
Despite troubles at home and a depressed nickel market, Inco (N-T) is making strides in expanding its Soroako nickel operations on the island of Sulawesi in Indonesia.Inco has been in commercial produ…
Having raised $4.5 million in a private financing, Princess Resources (PRL-V) has renewed a drill program at the Da Fang gold-silver property in China’s Hunan province. The program is expected to tota…
While some companies are licking their wounds after an unhappy Indonesian experience, Borneo Gold (BNO-V) has started a 5,500-metre drilling program on its Bunut gold prospect with cautious optimism.B…
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateJuly 7July 6July 3July 2…
Neither weak markets nor the effects of El Nino could deter Rio Tinto (RTP-N) from increasing gold production at its Asian gold operations in 1997.The company’s 90%-owned Kelian gold mine, in Kalimant…
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