Bresea merger on hold
A takeover offer from MacDonald Mines Exploration (MMP.A-A) that would have seen a merger with moribund Bresea Resources has been scotched by Bresea’s receiver, Pricewaterhouse Coopers.MacDonald offer…
Articles by Northern Miner Staff
Canarc deals Mexican option to Noranda
Canarc Resource (CCM-T) has agreed to a $312,000 private placement financing with a major shareholder.The financing consists of 780,000 shares at 40 cents each and 390,000 warrants, exerciseable at 60…
Careers (October 19, 1998)
Svedala Industries Canada Inc.
Aurizon sets production records
Thanks to improved operations at its half-owned Sleeping Giant and Beaufor gold mines in Quebec’s Abitibi region, Aurizon Mines (ARZ-T) has posted record gold production for the first three quarters o…
INDUSTRIAL MINERALS — Non-metallics making money coast to coast
Northern Miner StaffOften overshadowed by metals and hydrocarbons, the industrial minerals sector was a $3-billion business in 1997, providing about 15% of the value of Canada’s mineral production. Ad…
Canadian firms buy Australian explorer
Consortium of three juniors takes up 80% interest in Kinver Four Canadian companies have banded together to buy a majority interest in Australian firm Kinver Mining.The conglomerate — including Elles…
Falco tallies damage in DR
Falconbridge (FL-T) says it expects to lose 10,000 tonnes of nickel in ferronickel production at its Dominican Republic operations.The figure combines lost production during a 10-day shutdown caused b…
INDUSTRIAL MINERALS — Asia Pacific takes steps to advance Thai potash project
As a result of a successful financing deal and promising joint venture negotiations, construction of a mine at the Udon Thani potash project of Asia Pacific Resources (APG-T) in Thailand could begin e…
INDUSTRIAL MINERALS — Atacama nears production on Chilean evaporites
Atacama Minerals (AAM-V) is gearing up to become a producer of industrial mineral products in Latin America.The company’s wholly owned Aguas Blancas project comprises 22,000 ha in Chile’s Atacama Dese…
INDUSTRIAL MINERALS — Nitrogen price hurts Potash Corp.
Potash Corp. of Saskatchewan (POT-T) has issued an announcement that weak prices for nitrogen will cut into its third-quarter earnings.The company said that earnings per share for the quarter should b…
Pangea, Sundust find new zone at Victoria property
Scout drilling at the Victoria gold property in west-central Peru has identified a gold-bearing structure for partners Pangea Goldfields (PGD-T) and Sundust Resources (SUN-M).Hole 77 intersected 2.3 m…
PRODUCER & DEALER PRICES (October 19, 1998)
Aluminium: LME settlements US$1,324.50, alloy US$1,126 per tonne (Oct. 13/98).Antimony: Representative mid-market US$1,340 per tonne (Oct. 13/98).Bismuth: Representative mid-market US$3.25 per lb. (Oc…