Sydney conference
The 24th annual conference of the International Iron and Steel Institute (IISI) will take place Oct. 8-10 in Sydney, Australia. Themes of the conference’s three panel discussions will be the world eco…
Articles by Northern Miner Staff
Joutel raises cash through rights offer
With the recent offering of more than 35 million transferable subscription rights, shareholders of Joutel Resources (TSE) will be able to exchange their shares for rights in the company. The offer exp…
U.S. REPORT Centurion sells Zaca property
With gold prices in a slump, Centurion Gold (TSE) has decided to sell its interest in the Zaca gold property in Alpine Cty., Calif. The company will receive US$2.4 million for its interest from partne…
U.S. REPORT Targets exceeded at Champagne mine
Since the startup of the Champagne mine last September, operator Bema Gold (TSE) has been reporting better than anticipated gold and silver production at below projected costs. Bema owns 85% of the op…
PCS sells warrants to pay for Saskterra
A sale of special warrants worth nearly $50 million has been made by Potash Corp. of Saskatchewan (TSE) to fund the company’s recent purchase of Saskterra Fertilizers. Saskatoon-based Potash sold 3,66…
Alberta Stock Exchange Yukon raises funds
Edmonton-based Yukon Minerals has agreed to a private placement of one million treasury shares at 15 cents per share with two of the company’s directors. The proceeds totalling $150,000 will be used f…
Sullivan mine is carrot in Cominco union talks
As part of a deal to end the week- long strike at Cominco’s (TSE) Trail, B.C., smelter, the company has promised to spend $11.5 million to reopen the Sullivan lead-zinc mine in Kimberley, B.C. If the …
People LAC MINERALS LTD.
Mitchell Graye appointed senior vice- president and chief executive officer of LAC Minerals and vice- president, chief financial officer and treasurer of LAC’s subsidiary Bond International Gold, Inc….
News in brief First Manhattan Resources Corp.
First Manhattan Resources Corp. (FMZ:VSE) has changed its name to Napier International Technologies Inc. on a 3-new-for-2- old-share basis. A reverse takeover is in progress. Pacific Corporate Service…
Hardrock resumes drilling on gold bet
Drilling will resume at Hardrock Extension’s (TSE) gold property near Geraldton, Ont., in mid-July, says President Michael Malouf. Hardrock will use $550,000 raised through flow-through financing to p…
Metal Prices FREE MARKET (July 23, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 17 July 16 July 13 July 12 July 11 Copper 1525-1528 1536-1538 1580-1582 1593-15…
Prime Resources buys more Avondale
With the recent purchase of an additional 125,000 shares, Prime Resources Group (VSE) now owns 1.04 million shares of Avondale (VSE), or about 16.56% of Avondale’s issued and outstanding shares. Prime…