NEWS ROUNDUP — NAR options titanium project
Junior NAR Resources (NRL-M) can acquire a one-third interest in a titanium deposit discovered by privately held Titanium Corp. of Canada in the Shubenacadie River near Truro, N.S.To earn its interest…
1999
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Metal prices send miners soaring
The Dow Jones industrial average edged up 53.54 points, or 0.5%, during the report period ended April 20 to close at 10,448.55, as strong commodity prices lit a fire under resource companies. Miners r…
LATIN AMERICA — CaribGold aims to upgrade resource at Jacinto
Another round of drilling is under way at the Jacinto gold property near Camaguey, Cuba, a joint venture between CaribGold Resources (CG-T) and a state-owned mining company.The work is aimed at expand…
Fertilizer king PCS keeps turning a profit
While not quite matching the previous year’s stellar performance, Potash Corp. of Saskatchewan (pcs-t) still managed to turn a considerable profit in 1998.PCS earned US$261 million (or US$4.82 per sha…
Iamgold updates reserves at Sadiola Hill
Markham, Ont.-based Iamgold (IMG-T) has updated the reserve and resource estimates of its three major gold assets in Mali.The most prized of these is the Sadiola Hill open-pit mine, which is owned 38%…
LME WHSE LEVELS (April 26, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 20/99 (change from April 13 in brackets):MetalStocks(tonnes)Change…
Careers (April 26, 1999)
KINROSS GOLD CORPORATION,p>Kinross Gold Corporation is an entrepreneurial mining company, which in a span of just over five years has become a million-once gold producer. With seven primary, low cost …
AG boosts resources at Veladero
Argentina Gold (ARP-V) has tabled an updated resource estimate for its Amable and Filo Federico targets at the Veladero property in Argentina. Amable now has a total indicated and inferred resource of…
CAC examines future coal trends — New markets, cost-cutting seen as next challenges for industry
Achieving cost competitiveness will be the key to success for western coal producers currently struggling to survive declining prices and weak demand brought about by the global economic crisis.That w…
INSIDER TRADING — Bolivar insider triples holdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Bolivar Goldfields (BVG-T) — Sun Valley Gold, owner of more than 10% of the…
PRODUCER & DEALER PRICES (April 26, 1999)
Antimony: Representative mid-market US$1,260 per tonne (April 20/99).Bismuth: Representative mid-market US$3.50 per lb. (April 20/99).Cadmium: Representative mid-market US$0.23 per lb. (April 20/99).C…
Cancor plans more drilling at Gemini
With results from five more drill holes in hand, Cancor Mines (KCR-M) is reviewing existing data in order to guide the next phase of drilling at the Gemini property, north of La Sarre, in Quebec’s Abi…