METAL PRICES — Daily Metal Prices (March 01, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 23Feb. 22Feb. 19Feb. 18…
1999
Freeport ups reserves at Grasberg
Freeport-McMoRan Copper & Gold (FCX-N) has boosted proven and probable reserves by 12% at its Grasberg copper-gold mine in Irian Jaya, Indonesia.The figure now stands at 2.48 billion tonnes grading 1….
Triex eyes Sioux Lookout
Vancouver-based Triex Resources (TIE-V) has expanded its land holdings in the Sioux Lookout region of northwestern Ontario.The junior will buy six patented mining claims within the property boundary o…
Greystar revs up Angostura drills
Junior Greystar Resources (GSL-T) has resumed drilling at its Angostura gold-silver project in northeastern Colombia.The 1999 campaign will include 60 infill and reconnaissance holes totalling 20,000 …
NEWS ROUNDUP — Twin Gold executes lease for Atlanta
By executing a mining lease and option agreement, Toronto-based Twin Gold (TWG-T) has slashed a net smelter return royalty to 0.5% from 5% at its 80%-held Atlanta gold mine project in Idaho.Twin Gold …
Auspex, Vestor finance feasibility at Aljustrel
Auspex Minerals (APJ-V) and partner International Vestor Resources (IVS-V) have raised up to US$5 million to finance an ongoing feasibility study of the Aljustrel base metal project in Portugal.Resour…
COMMENTARY — Quebec’s year ahead
The current uncertainty in Asian markets makes it unlikely there will be a significant increase in metal prices in 1999. Only from the year 2000 on can we expect to see a recovery; indeed, the value o…
Companies (March 01, 1999)
Aber ResourcesAfriOreAlberta EnergyAltai ResourcesAmgoldAnglo AmericanAnglogoldArgentina GoldArizona Star ResourceAscot ResourcesAshanti GoldfieldsAshton Mining Of CanadaAshton MiningAtna ResourcesAur…
WESTERN MARKETS — Investors hunt for takeover targets
The Vancouver Stock Exchange composite index lost 1.56 points to close the report period ended Feb. 23 at 407.22. The mining index dropped 2.23 points, finishing at 289.46. Meanwhile, the combined val…
PRODUCER & DEALER PRICES (March 01, 1999)
Antimony: Representative mid-market US$1,390 per tonne (Feb. 23/99).Bismuth: Representative mid-market US$3.15 per lb. (Feb. 23/99).Cadmium: Representative mid-market US$0.25 per lb. (Feb. 23/99).Chro…
More strong medicine for Inmet Mining
Another year of restructuring has left Inmet Mining (IMN-T) with a healthier balance sheet and a net profit of 25 cents a share.The Toronto-based company earned $31 million on revenue of $106 million …
Conference promotes ‘African renaissance’
Despite low commodity prices and the political turmoil engulfing many African states, the mood at this year’s Investing in African Mining conference (also known as Indaba) was guardedly optimistic, as…