LME Warehouse Levels (September 11, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 5/00 (change from Aug. 29 in brackets):MetalStock(tonnes)Change…
2000
MOST ACTIVE ISSUES, Aug. 30-Sept. 5
ExchgVol(000s)HighLowCloseChangeWilliam ResT 13653 0.20 0.17 0.18…
Correction (September 11, 2000)
The Kolwezi tailings project in the Democratic Republic of Congo contains an updated resource of 112.8 million tonnes grading 1.49% copper and 0.32% cobalt. The project is held by America Mineral Fiel…
Finding solutions to ARD
One of the most serious environmental challenges for the mining industry is acid rock drainage (ARD).ARD occurs naturally through the physical and chemical weathering of rocks that contain metal-sulph…
SouthernEra plans drilling
SouthernEra Resources (SUF-T) will drill a single hole at its MacKay Lake property in the Northwest Territories in order to test the possible northeastern extension of the NW Snap Lake dyke.Recently, …
Record tonnage keeps Bema hopeful
Although lower gold production prevented Bema Gold (BGO-T) from posting a profit during the second quarter, the company hopes to reap the benefits of two consecutive quarters of record throughput duri…
Anatolia proves up porphyry prospect in Turkey
Anatolia Minerals Development (AMCD.U-C) is encouraged by results from channel-sampling carried out on two subparallel traverses on the Cukurdere porphyry-skarn prospect in eastern Turkey.The upper tr…
Exall losses mount in quarter
The continuing malaise in the gold market is taking its toll on junior producer Exall Resources (EXL-T).Net losses in the three months ended June 30 totalled $415,640 (or 2 per share) on revenue of $…
Phelps Dodge exits deal
Copper producer Phelps Dodge (PD-N) has withdrawn from a previously announced deal with Stratabound Minerals (SB-V), under which it would have earned an interest in the Monarca zinc project in north-e…
Caussa, Mountain Lake combine at Ventersdorp
Two Canadian-based mining companies are consolidating their land holdings in the Ventersdorp alluvial diamond camp in South Africa. Caussa Capital (CAU-T) and Mountain Lake Resources (MOA-V) say the c…
Antamina sets the bar in Peru
The Antamina copper-zinc project is breaking new ground in the environmental assessment and permitting process for mines in Peru.The $US2.3-billion project — one of the biggest mining developments in…
Weda Bay boosts nickel-cobalt resource (September 11, 2000)
The initial stages of an US$18.2-million feasibility study on the Halmahera high-grade nickel laterite deposits in Indonesia have increased the indicated and inferred resource to 202.3 million dry ton…