A reorganization plan filed with the Supreme Court of British Columbia by Quintette Coal reveals the company is asking its creditors to write off in the order of $485 million in debt. The writeoff wou…
Chutine Resources (VSE) says it raised almost $853,400 through two private placements. The company sold about 2.3 million units at 37 1/2 cents per unit. Each unit comprises one common share and one n…
A gypsum property in northwestern Ontario has been purchased by Val d’Or Resources (ME) of Val d’Or, Que. President Pedro Cardoso said the group of 40 claims is known to host gypsum mineralization at …
This collection of proceedings, delivered at a conference organized by the University of Calgary in Alberta, covers mine planning, mine design, production technology and geotechnical engineering for s…
A plan to bring Rhyolite Resources back to life should result in gold production in the new year. The company plans to bring its gold-copper property on Texada Island in British Columbia back into pro…
Sikaman Gold Resources (TSE) of Toronto says it has completed arrangements for a $600,000 private placement for a 12% convertible redeemable debenture But as the company has received additional commit…
To ease its financial difficulties, Toronto-based explorer Jerome Gold Mines (ASE) says it has signed a letter of intent to amalgamate with privately owned International Platinum. Jerome, which held a…
Discussions over a possible business combination between Hecla Mining (NYSE) and Alta Gold (NASDAQ) have been discontinued. The companies had signed a letter of intent to consider various transactions…
Great Lakes Minerals (TSE) has acquired the right to purchase all the issued and outstanding shares of Keweenaw Copper Company (KCC), a private Michigan-based company, in exchange for 550,000 shares o…
Planning a $550,000 exploration program on the Figuery property in Quebec, Mountain Beaver Resources has received partial proceeds of $270,000 from a recent share offering. The company must spend $4 m…
A copper reserve study has been released by Chutine Resources (VSE) for the company’s Luz del Cobre claim situated near San Antonio de la Huerta in northern Mexico. The claim extends over 120 hectres …
The Australian subsidiary of Asarco (NYSE) has acquired full ownership of the Wiluna gold mine in Western Australia. Asarco Australia, 60% owned by its New York-based parent, bought the 50% interest i…
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