PRODUCER PRICES (June 03, 1996)
ALUMINIUM: Composite free market US70.4 cents per lb. (May 28, 1996).ANTIMONY: U.S. producer, US$1.95 per lb. (May 28, 1996).BISMUTH: Composite free market US$3.10 per lb. (May 24, 1996).CADMIUM: Comp…
News
NEVADA SPECIAL — Kinross to add Goldbanks to list of Nevada mines
No stranger to the Nevada mining scene, Kinross Gold (K-T) is looking to advance its Goldbanks gold project to full feasibility and thereby add another mine to its existing operations in the state.The…
Chase and Delta to gain Cikondang gold mine
Partners Chase Resource (CQS-T) and Delta Gold Mining (DTG-V) plan to acquire a controlling interest in the Cikondang gold mine in West Java, Indonesia.Aneka Tambang, a government-owned mining company…
Inmet cranks up Akie drilling
Drilling has resumed on the Akie deposit in northern British Columbia, reports 40% owner Ecstall Mining (EAM-V).Inmet Mining (IMN-T), which holds the remaining 60%, has budgeted $1.5 million for a 4,6…
METAL PRICES — FREE MARKET (June 03, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateMay 28May 27May 24May 23May 22 .Copper2567-2568Holiday2542-25452557-25582448-2450 .Lead829-830Holiday836-837 854-855 8…
Virginia, Diabior complete merger
The amalgamation of Virginia Gold Mines and Explorations Diabior has resulted in a new entity called Mines d’Or Virginia (VIA-M).Virginia shareholders will receive one common share of the new company …
Falconbridge joins Platinova A/S in Greenland
Platinova A/S (PAS-T) has been joined by Falconbridge (FL-T) in its quest for Voisey’s Bay-style deposits in east-central Greenland.The two companies are forming a joint venture to explore a large fee…
Pentland hits at East Wetmore
Drill-testing of the East Wetmore prospect near Timmins, Ont., has intersected gold mineralization grading up to 223.6 grams per tonne.Pentland Firth Ventures (PFO-T) drilled the holes as part of its …
NEWS IN BRIEF (June 03, 1996)
Conquest Exploration (CQX-V) has changed its name to International Conquest Exploration (ICX-V) on a 1-new-for-3-old-share basis.
NEVADA SPECIAL — Newmont prepares for second bio-oxidation test
Having completed the first large-scale batch test using bio-oxidation, Newmont Gold (NGC-N) is beginning a second test designed to improve operating techniques.The first test involved 731,000 tons of …
Kirkland Lake joint venture receiving funds
Proceeds from a private placement will enable Queenston Mining (QME-T) to explore the Kirkland Lake, Ont., joint venture, which it shares with Franco-Nevada Mining (FN-T).The placement consists of 4 m…
NEVADA SPECIAL — Goldex and Dia Met Minerals launch $4-m exploration effort
In a $4-million joint-venture program with Goldex Resources (GXR-A), Dia Met Minerals (DMM-T) will explore for gold deposits in Nevada.The program will be overseen by Dia Met Chairman Charles Fipke, t…