FACTS’N’FIGURES — Iron ore sector remains hot
Australia and Brazil are expected to remain the dominant exporters of iron ore, according to a report conducted by Sydney, Australia-based AME Mineral Economics.The study estimates operating costs for…
1997
EDITORIAL PAGE — Coal’s emerging giants
Coal may not be the most glamorous commodity mined in North America, but, in some parts of this continent, it is the most valuable.British Columbia is a case in point. The province’s existing coal ope…
Gold Funds (January 13, 1997)
Gold Funds as of January 2, 1997BGRCentralNet Value$22.29$6.13Price$16.20…
MOST ACTIVE ISSUES, Dec. 28-Jan. 7
ExchgVol(000s)CloseMaymac ExpV87910.27TVX Gold IncT…
THE DIAMOND PAGE — Botswana Diamondfields secures access at Rovic mine
In South Africa, Botswana Diamondfields (BWD-V) is cleaning up after a mud slide that killed 20 people at its Rovic diamond mine in late November.The Vancouver-based company has launched a recovery pr…
Kinross Gold boosts Goldbanks resource
Infill drilling by Kinross Gold (K-T) on the Main zone of the Goldbanks project, near Winnemucca, Nev., indicates a substantially larger gold resource than previously estimated.The new figure, estimat…
1996: A LOOK BACK — U.S. mining industry remained strong in 1996
A host of new discoveries and mine openings contributed to the overall strength of the American mining industry, and the sector appears poised to remain highly active throughout 1997.While Nevada rema…
Dakota Mining and USMX announce merger proposal
Two Denver-based companies — Dakota Mining (DKT-X) and USMX (USMX-Q) — are expected to merge.Under an agreement-in-principle, shareholders of USMX will receive one share of Dakota for every 1.1 shar…
Highlands to sell Porgera to Placer Dome
Australian-based Highlands Gold has struck a US$250-million deal with Placer Dome (PDG-T) to sell its 25% interest in the massive Porgera gold mine in Papua New Guinea.Highlands, formed under Papua Ne…
Spot prices at a glance (January 13, 1997)
Wednesday, January 8, 1997Price (US)Week’s ChangeGold*$355.80- $13.80Silver*$ 4.66…
Lower gold output hurts Eden Roc
With decreased gold production from its Ivory Coast operations, Toronto-based Eden Roc Mineral (EDN-T) suffered a loss of $3.7 million for the 9-month period ended Sept. 30, 1996. For the same period …
Wollastonite demand at record levels
The production of wollastonite has doubled over the past decade, and demand is likely to grow, according to a report released by a London-based firm of mineral market analysts.Roskill Information Serv…