PRODUCER PRICES (December 23, 1996)
ALUMINIUM: LME settlements US$1,489 per tonne, alloy $1,349 per tonne (Dec.17/96).ANTIMONY: Composite free market, US$2,075 per tonne (Dec. 16/96).BISMUTH: Composite free market US$3.20 per lb. (Dec. …
1996
Laramide bids to take over Aquiline
With an eye on two promising Mexican properties, Laramide Resources (LAM-T) has launched a $5.3-million takeover bid for all outstanding shares of Aquiline Resources (AQI-V).Laramide already holds a 3…
Laminco and Placer Dome form joint venture in Mexico
A joint venture has been formed allowing the Mexican subsidiary of Placer Dome (PDG-T) to buy a majority interest in a portion of the San Antonio project, held by Laminco Resources (LMR-T).Empresa Min…
More gold for Anthian in Bolivia
Vancouver-based Anthian Resource (ANR-V) has confirmed gold mineralization at the Liphichi property in Bolivia.Hole PG-4, one of four diamond drill holes for which results have been received, returned…
Bre-X and Barrick submit proposal
Bre-X Minerals (BXM-T) and Barrick Gold (ABX-T) have presented to the Indonesian government a deal that may allow for the development of the Busang gold deposit.The companies submitted a joint proposa…
PEOPLE — HYMEX DIAMOND
Georges Maurer appointed chairman.
PEOPLE — FOOTWALL EXPL.
Nicholas Vlaovich and William Myers appointed directors.
CIM talk to focus on gold, markets
Gold will be the subject of a special meeting of the Canadian Institute of Mining, Metallurgy and Petroleum, to be held at 5 p.m. on Jan. 16 at Toronto’s Ontario Club.Pierre Lassonde, president of Fra…
Manhattan looks to outline tonnage at Candamena
A recent drilling program carried out by Manhattan Minerals (MAN-T) is outlining a bulk-tonnage, gold-silver deposit at the Candamena property in Chihuahua state, Mexico.The Candamena property is 25 k…
Blame abounds in collapse of Geomaque/Milagro merger
The proposed merger of Geomaque Explorations (GEO-T) and Milagro Minerals (MLG-V) has been killed, but who pulled the trigger is being hotly debated by the companies.Geomaque balked at merging until “…
Peruvian Gold cuts narrow intervals
Exploration by Peruvian Gold (PVO-V) is testing a gold prospect in northern Ecuador.The latest results from the Encanto gold porphyry prospect include narrow, 1-metre intervals of mineralization rangi…
Teck, Western Copper hit more mineralization at Salvador property in Mexico
Air-track drilling at the 225-sq.-km Salvador property in north-central Mexico has outlined another zone of surface oxide mineralization for partners Teck (TEK-T) and Western Copper Holdings (WTC-T).T…