Meetings (August 03, 1998)
Aug. 4, BlackpoolAug. 4, GroundstarAug. 4, LevonAug. 5, Golden GateAug. 5, Int’l LarderAug. 5, PortmanAug. 5, Prospectors AllianceAug. 6, Golden SitkaAug. 7, LakotaAug. 7, Sand RiverAug. 10, EdenAug. …
Articles by Northern Miner Staff
Luscar bids for Canada’s largest coal miner
Luscar Coal Income Fund has launched a takeover bid for Manalta Coal Income Trust, owner of Manalta Coal, in a $550-million deal that would create North America’s sixth-largest producer.The takeover i…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE hit by weak dollar, lacklustre metal prices
A devalued Loonie and poor performances in the metals sector contributed to a dismal performance by the Toronto Stock Exchange 300 index during the report period July 22-28. The index finished the wee…
Rio Algom posts profits
Despite tough times for base metal producers, Rio Algom (ROM-T) enjoyed a profitable second quarter as it continued to expand both its copper production and its metals distribution business.Earnings t…
Platinova busy in Greenland
At its West Greenland diamond project, Platinova (PAS-T) has discovered a field of kimberlite boulders containing xenoliths of mantle material on the shore of a lake.The lake is 500 metres in diameter…
MINING MARKETS AND INVESTMENT NEWS — Tiomin finances Kenyan study
Toronto-based Tiomin Resources (TIO-T) expects to raise $1 million through a private placement of 2 million shares priced at 50cents each.The company is preparing to begin a feasibility study at its K…
Drilling hits new zone at Itetemia
Ongoing drilling at the Itetemia gold property in the Victoria Lake gold district in Tanzania has confirmed the volcanogenic nature of mineralization.Tan Range Exploration (TNX-A) reports that five co…
Arizona Star options project in Chilean mineral belt
Arizona Star Resource AZS-V) will acquire control of the Cenizas gold project in northern Chile from Fremont Gold (FGLD-O) and Rio Tinto (RTP-N).Situated 175 km southeast of Antofagasta, the 13,259-ha…
Buchans River options ground from Noranda
St. John’s, Nfld.-based Buchans River (BUY-A) has agreed to option the Little Sandy base metal properties in the central region of its home province.The vendor, Noranda Mining & Exploration, a subsidi…
SouthernEra tallies resource
Toronto-based SouthernEra Resources (SUF-T) has attached a resource figure to the partly owned Camafuca diamond pipe in Angola’s Lunda Norte province.Resources are pegged at 88 million cubic metres gr…
TSE raps knuckles of Cumberland, Comaplex
Regulatory concern has prompted Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T) to clarify information pertaining to an independent scoping study of the Meliadine West gold project, 20 km n…
Barrick plans new mines, cuts costs
While it won’t rival the giant Goldstrike operation in size, the Pierina gold mine in Peru is expected to incur production costs considerably lower than those reported for Barrick Gold’s (ABX-T) corne…