Dow rises as metals fall
The Dow Jones industrial average rose 104.86 points, or 1%, to close at 10,527.13 for the report period ended May 30 on the strength of a late-week surge by the Nasdaq.Gold miners were mixed as the go…
2000
Spot Prices Wed. May 31, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$272.25-$1.65Silver$ 4.90-$0.08…
Gary Howell
Gary Howell, executive director for the Society for Mining, Metallurgy & Exploration (SME) since February 1994, has died. He was 54.Howell was a geologist with more than 27 years experience in mining….
Fewer E. coli on steel surface
The Hospitality Institute of Technology and Management, a Minnesota-based company that provides consulting services to the food industry, tested several different countertop materials for their respon…
LME Warehouse Levels (June 05, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 30/99 (change from May 23 in brackets):MetalStock(tonnes)Change…
Twin Gold Funds program
Armed with $8 million from a recent financing, Twin Gold Mining (TWG-T) is gearing up for a major exploration program at its Torngat diamond project, on the east side of Ungava Bay in northern Quebec….
Kvaerner wins Peruvian contract
Kvaerner Engineering & Construction has been awarded the contract for the Tintaya copper oxide project in southeastern Peru’s Altiplano district.The project, held by Broken Hill Proprietary, is Peru’s…
Northern Miner Indices (June 05, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick Gold…
Nickel slips as Inco averts workers’ strike
Unable to catch a break these days, gold ended the May 24-30 report period at its lowest level in eight months. However, the yellow metal regained some strength overnight, being fixed at US$272.25 per…
SouthernEra de-waters Messina
Having obtained a mining permit, SouthernEra Resources (SUF-T) is de-watering the Messina platinum group elements (PGM) mine in northern South Africa.Messina Platinum, a South African-listed company i…
NAP
Rio Algom (ROM-T) has launched a 2,000-metre drill program on the South Findlay base metal property, near Kimberley in southeastern British Columbia.Considered prospective for sedimentary exhalative d…
Gold Funds (June 05, 2000)
Gold Funds as of May 25, 2000Dynamic MutualCentral FundNet Value$12.47$5.54Price$7.40…