Resurrection in store for Royal Oak
Better small than nothing at allIn exchange for shares, creditors of Royal Oak Mines have agreed to restructure, rename and seek a new public listing for the defunct company. Only non-voting shares of…
News
IOCC founded, plans to raise millions for Quebec mines
The newly formed Iron Ore Company of Canada vows to raise $160 million to develop the infrastructure needed to mine the vast ore fields of northern Quebec and Labrador. As part of the deal between the…
Billiton widens search for metals
Strong showings of polymetallic mineralization have prompted London-based Billiton to ink a deal with Altius Minerals (ALS-V) on that company’s Taylor Brook property in western Newfoundland.Billiton w…
Porcupine camp active after post-war doldrums
Mining companies at the Porcupine gold camp in Ontario are gaining the upper hand on production rates, which dwindled during the war. New discoveries at operating mines, the return of the workforce fr…
Asleep at the switch
In the early 1990s, he devoted his energies to stopping development of diamond deposits in Canada’s Northwest Territories, thankfully without success. Now John Turner has warned the world that Canada …
EuroZinc
Amidst all the hype of the internet and high-tech stocks, Dia Met Minerals (DMM-T) is showing just how profitable diamond mining can be.With the global diamond market bolstered by De Beers “Millennium…
Kinross warms to Greystar
Prior to an internal review of the company’s Angostura gold-silver project in Colombia, Kinross Gold (K-T) bought 104,000 shares of Greystar Resources (GSL-T) at 81 each. An additional 400,000 shares…
Yorkton analysts court Princess in Newfoundland Investment Commentary
Mining analysts Doug Leishman and Art Ettlinger are suggesting that speculative investors closely monitor the activities of Cornerstone Capital Resources (CTP-V), a junior company holding a large prop…
Goldcorp cuts more high grade
Infill and extension drilling is enabling Goldcorp (G-T) to prove up high grades in new mineralized zones at its mine in Red Lake, Ont.The newest drilling centred on the 34 level, about 1,520 metres d…
CORRECTIONS (December 20, 1999)
William Shaver, referred to in our Dec. 6 issue, is vice-president of the mining services division of Toronto-based Dynatec.Also, in the Nov. 22 issue, a letter to the editor from Jerry Roth about rev…
Batu Hijau ships first concentrates
Partners Newmont Mining (NEM-N) and Sumitomo have shipped the first 30,000 tonnes of concentrates from their massive Batu Hijau copper-gold mine in Indonesia. The shipment was destined for smelters in…
Maude Lake finds gold
Maude Lake Exploration (MAU-M) has drilled several gold-bearing intersections during a 3,741-metre program recently completed at the Comtois prospect, 15 km west of Lebel-sur-Quvillon, Que.The junior…