News
PEOPLE (December 20, 1999)
Crown Butte — Karl Elers appointed president.Dayton — Scott Brunsdon appointed senior vp and CFO.DiamondWorks — Robert Rainey appointed acting president and CEO; John Firth appointed d…
The Northern Miner — North American Mining Index (December 20, 1999)
91.50 (-2.98)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (December 20, 1999)
55.81 (-4.36)(Sept. 30/98 = 100)…
No break-out yet
A week ago, base metals markets seemed poised to move out of the recent phase of lethargic trading. However, after some volatility early in the week ended Dec. 10 (notably in aluminium and zinc), pric…
Gold Funds (December 20, 1999)
Gold Funds as of Dec. 9, 1999Dynamic MutualCentral FundNet Value$13.67$5.57Price$8.25…
REGULAR DEPARTMENTS (December 20, 1999)
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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…
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 …