ASIA — Rio Tinto ups output in Southeast Asia
Neither weak markets nor the effects of El Nino could deter Rio Tinto (RTP-N) from increasing gold production at its Asian gold operations in 1997.The company’s 90%-owned Kelian gold mine, in Kalimant…
Articles by Northern Miner Staff
ASIA — Dunlap drills Wae Dara
A drill program by International Dunlap Minerals (IDZ-V) is testing volcanogenic massive sulphide (VMS) prospects identified during the junior company’s 1997 exploration program on Indonesia’s Flores …
Rex Diamond closes financing to repay US$3-million loan
Rex Diamond Mining (RXD-T) has raised US$3 million in a debt financing with a group of European investors.The deal consists of a US$2-million interest-free note that can be converted into 2 million Re…
Ditem seeks financing
Ditem Explorations (DIT-M) has made a private offering consisting of 500 units priced at $1,000 apiece. Each unit consists of 333 flow-through shares priced at $2.40 each; 84 common shares at $2.40 ea…
CORRECTION (July 13, 1998)
A June 29 article concerning the feasibility study completed at Niocan’s (NIO-M) niobium project near Montreal incorrectly stated that SNC-Lavalin owns the Met-Chem Pellemon Consortium. SNC-Lavalin ha…
Cyprus sells coal assets (July 13, 1998)
The coal division of Cyprus Amax Minerals (CYM-N) has sold 11 of its Midwestern, and Appalachian coal mines in a transaction aimed at relieving long-term liabilities.Cyprus sold the operations to Kent…
Millstream buys Tamarack
Junior Millstream Mines (MLSM-C) has picked up a 50.5% interest in the past-producing Tamarack gold property in southwestern Montana.To earn its interest, the company must fund undisclosed exploration…
Asia Pacific advances Thailand potash project
Asia Pacific Resources (APQ-T), which is in the midst of reviewing a bankable feasibility study of the Udon Thani potash project in Thailand, has made several recent developments at the project.The Va…
Noranda fights back against misinformation
Noranda (NOR-T) subsidiary Magnola Metallurgy is responding to recent negative media reports over its $700-million magnesium processing facility, now under construction in Asbestos, Que.Scheduled to b…
Companies (July 13, 1998)
AGC Americas GoldAlberta Star MiningAllican ResourcesAmblin ResourcesAmerica Mineral FieldsAMT International MiningAntares Mining & ExplorationArcon International ResourcesAsia Pacific ResourcesAtna R…
Procoloro shifts gears, picks up new properties
Procoloro Resources (PCH-M) has decided to shift its focus from gold exploration to chromite and ferrochrome development.At the company’s recent annual meeting, shareholders gave the corporate transfo…
Boliden blocked from Wolverine deal
The British Columbia Supreme Court has granted Atna Resources (ATN-T) a temporary injunction preventing Boliden (BOL-T) subsidiary Boliden Westmin from selling its 60% interest in the Wolverine joint …