DIAMONDS — Like a shot-gun blast from below
Diamond deposits begin forming 150-200 km below the thickest portion of the earth’s crust, where the right combination of cool temperatures and high pressures converts carbon not into the more common …
1998
EDITORIAL & OPINION — Ekati opening reason to celebrate — How sweet it is!
They said it couldn’t be done. They said caribou herds and other wildlife would be at risk. They warned that fish habitat would be lost, that lakes would be drained, and that the aboriginal way of lif…
DIAMONDS — Citation acquires Quadrant’s diamond projects
Following several months of delays, Vancouver-based junior Citation Resources (CUE-V) has finally completed a deal to acquire diamond projects in western Greenland and Australia from Australian-based …
Ottawa appoints valuator
Canada’s Department of Indian Affairs and Northern Development has appointed privately held Diamonds International Canada (Dican) as its official diamond valuator for the determination of federal and …
Rio Narcea expands search for Iberian gold
Drilling by Rio Narcea Gold Mines (RNG-T) has extended the known mineralization at the El Valle open-pit mine in northern Spain.Alberto Lavandeira, the company’s president, spoke at the Mining Investm…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Low metal prices spur insider buying spree
Recent filings with the U.S. Securities and Exchange Commission show that executives in several companies are taking advantage of the market downturn to pick up cheap shares in their respective compan…
LME WHSE LEVELS (October 26, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct. 20/98 (change from Oct. 13 in brackets):MetalStocks (tonnes)Change…
Ken Snyder mine nears completion
In the early 1990s, geologist Ken Snyder stood on a windswept hilltop near this old mining town and told Pierre Lassonde and Seymour Schulich, founders of royalty sisters Franco-Nevada Mining (FN-T) a…
DIAMONDS — The millionaire prospectors
Charles FipkeCharles (Chuck) Fipke, known worldwide for his tenacious and ultimately successful 10-year diamond hunt in the barrens, is synonymous with Canadian diamonds.The chairman of Dia Met Minera…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Rate cut sends Dow soaring
Another quarter-point drop in interest rates by the Federal Reserve bolstered the Dow Jones industrial average for the report period ended Oct. 20. The average climbed 567.71 points, or 7.2%, to close…
SPOT PRICES (October 26, 1998)
Wednesday October 21, 1998Price (US)Week’s ChangeGold*$296.90+$0.30Silver*$ 4.89…
Argentina Gold reports hot holes at Veladero gold-silver property in San Juan
Argentina Gold (ARP-V) has pulled some impressive results from its Amable target, part of the Veladero project in the western province of San Juan.Analysis of the first 182 metres of hole 79 indicated…