Toronto-based SouthernEra Resources (SUF-T) has started processing bulk samples at its plant on the Klipspringer diamond property in South Africa.The company has tested about 750 tonnes of overburden …
The Toronto Stock Exchange went for a long slide for the report period ended July 16, losing 156.07 points, or 3.1% of value, and closing at 4,920.59. Volumes, which had been down at summer levels, ju…
The British Columbia Treaty Commission has criticized the provincial government for not upholding a commitment to “protect” land from resource development while native claims are being negotiated. Thi…
ALUMINIUM: LME settlements US$1,420 per tonne, alloy US$1,215.50 per tonne (July 15, 1996).ANTIMONY: Composite free market, US$2,775 per tonne (July 15, 1996).BISMUTH: Composite free market US$3.50 pe…
Gibraltar Mines (GBM-T) is the first casualty to surface in the wake of the Sumitomo trading scandal.With the recent collapse in copper prices, Gibraltar is delaying the development of the Lomas Bayas…
Breakwater Resources (BWR-T) has completed the purchase of Nanisivik Mines from Alberta Energy. Nanisivik’s most significant asset is its namesake zinc mine, which produced 108 million lb. in 1995. Th…
Short positions outstanding at June 30, 1996Larger individual positions included: Agnico-Eagle 366,373; Arequipa 236,910, up 99,910; Anvil Range Mining 418,600, up 341,100; Aur Resources 120,000, down…
The workers at MSV Resources’ (MSV-T) two mines in Chibougamau, Que., have accepted the latest pay raise offer from the company.The offer includes a 25 cents-per-hour raise in the first year and raise…
Cominco (CLT-T) has completed a preliminary 4-hole drill program on the joint-ventured Accha property of Southwestern Gold (SWG-T) in southern Peru.Cominco tested the extent of high-grade zinc-lead mi…
The merger of Royalstar Resources (RYQ-V) with Attwood Gold (ATW-V) is being negotiated.John Young, Royalstar’s current president, will preside over the new company, which will retain the name Attwood…
Southern Peru Copper (PCU-N) has opened a solvent extraction-electrowinning plant near the town of Toquepala in southern Peru.The plant, which was constructed at a cost of US$103 million, represents t…
Consolidated Nevada Goldfields (KNV-T) has signed a deal with Mexican miner Grupo Real del Monte that will lead to a six-fold increase in reserves for the American company.The companies are merging th…
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