PEOPLE LONDON METAL EXCHANGE LTD.
John Wolff elected chairman succeeding Christopher Green who resigned; Raj Bagri elected vice-chairman.
News
PEOPLE THE GOLD AND SILVER INSTITUTES
Chris Rose appointed communications manager; Michael Brown appointed director of government relations.
PEOPLE AKIKO-LORI GOLD RESOURCES
Murray Pezim appointed chairman of the board of directors.
Canamax sees loss in second quarter
Rising gold prices aren’t likely to affect Canamax Resources’ (TSE) recent decision to shut down its Ketza River and Kremzar mines, says Udo von Doehren, the company’s vice-president of finance. While…
U.S. REPORT Chase signs partner for Arizona project
A joint venture agreement will see Chase Resources (VSE) take on a partner to help fund exploration at its Sungold project near Prescott, Ariz. Under the terms of the agreement, Whiskey Creek Resource…
Inco buys 6% stake in limestone producer
By purchasing seven million shares of Explaura Holdings (COATS), Inco Europe, a unit of Inco (TSE) will earn a 6% interest in the United Kingdom-based mining company. Through a private placement, Inco…
Montreal Exchange Six drills at Grevet .LThe Mid-East crisis
Trading volume during most of the week was in the range of 4.9-6.1 million shares. The general market portfolio index dropped by 39.6 points and the mining and minerals index fell by 86.8 points. At t…
Vancouver Stock Exchange Adrian, Canarc, Eurus stabilize
Whether the Vancouver Stock Indices were following gold down or just following through with last week’s drop is debatable. In any event, the Composite and Resources Indices put in dismal performances….
Copper supplies should drop by year 2000, study predicts
Supplies of copper are expected to tighten through the 1990s despite intense activity in development of new mine projects, a study by London-based Commodities Research Unit says. The tonnage from know…
Geologist acquitted of charge of littering drill-work area
A northwestern Ontario geologist who was charged with depositing debris from a drilling project on Crown land two weeks before his work permit expired in March was recently found innocent in Provincia…
Size of new C lens mystery as Audrey mulls next step
Having completed the first phase of drilling on a newly discovered massive sulphide lens at the Mobrun polymetallic mine near Rouyn- Noranda, Que., Audrey Resources (TSE) and partner Minnova (TSE) are…
Corona acquires Prime shares
As part of a recent agreement with Murray Pezim and two associates, Corona (TSE) has acquired 5.6 million shares of Prime Resources Group (VSE). Pezim, Lawrence Page and Arthur Clemiss also granted Co…