Newmont studies Indonesian project
The contract for the first-phase optimization study of Newmont Gold’s (NYSE) Batu Hijau copper-gold project in Indonesia was awarded to Flour Daniel. The study will determine the best way to develop, …
1994
METALS COMMENTARY — Markets feeling supply pressure
In many jurisdictions, governments are continuing to interfere in commercial trade activities. And while the consequences are not expected to be serious in the long term, metal prices will likely be a…
COMMENTARY — Rising copper consumption
Western world refined copper consumption rose 2% to 10.2 million tons in 1993, the eighth consecutive year of record consumption. In the past three years, we have come through a major Western World re…
QPA Convention set for Sept. 14-16
The 20th annual convention of the Quebec Prospectors Association (QPA) is scheduled for Sept. 14-16 in Val d’Or. The theme will be “Un Quebec ouvert a l’exploration.” The convention will be organized …
TSE Short Positions (August 22, 1994)
Semi-monthly reports as of July 31, 1994 showed 279,336,594 shares of 859 issues compared with 254,514,545 shares of 892 issues on July 15, 1994. Larger individual positions included: Aber 144,200, up…
STOCK MARKETS — TSE manages small gain despite inflationary
Although the key Bank of Canada rate rose and the Canadian dollar dropped, the Toronto Stock Exchange managed to post a meagre gain for the 5-day report period ended Aug. 16. The composite 300 index e…
Spot prices at a glance (August 22, 1994)
Week’s Price (US) Change Gold* $377.80 – $0.50 Silver* $ 5.13 – $0.03 Platinum* $412.35 – $0.15 Nickel** $ 2.54 – $0.05 Lead** $ 0.25 $0.00 Copper $ 1.08 $0.00 Zinc $ 0.43 + $0.01 Courtesy of Scotiaba…
OPINION — Coal’s valuable export earnings
Coal is the non-glamorous chemical cousin of the diamond, and it has always had an image problem. Now, at last, the public perception seems to be catching up with reality. Our coal industry is earning…
METAL PRICES — FREE MARKET (August 22, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date August 16 August 15 August 12 August 11 August 10 Copper 2394.5-2395.5 2400-2402 2400-2401 2413.5-2414.5 2402.5-2403.5 Lead 551.5-552.5 …
NO HEADLINE (August 22, 1994)
BGR Central Net Value $17.31 $6.62 Price $15.88 $7.125 Premium 7.6% Discount 8.30 Value $140,649,000 $128,957,513…
Roxmark acquiring Geraldton property
Under a preliminary agreement, Roxmark Mines (TSE) will gain control of the Little Long Lac gold mine property from Algoma Steel. Situated in Geraldton, Ont., the former producing property comprises 7…
Kennecott withdraws from Tintic venture
After spending US$1.5 million on the Tintic project in Utah, Kennecott opted to withdraw from its joint venture with Centurion Mines (NASDAQ). The project in the historic Tintic mining district was re…