Companies (July 26, 1999)
Abcourt MinesAber ResourcesAsarcoBarrick GoldBlack Hawk MiningBroken Hill Pty.CambiorCamecoCampbell ResourcesCanabrava DiamondComincoCumberland ResourcesCyprus AmaxDe Beers Cons. MinesEldorado GoldEur…
News
Drilling returns more gold for Maracote
Assay results from two holes drilled at the Halley gold property in south-central Peru have proven encouraging for Maracote International Resources (MCE-V).The ongoing drill program is testing a 600-b…
Asarco, Cyprus announce merger
The boards of Asarco (AR-N) and Cyprus Amax Minerals (CYM-N) have unanimously approved a merger proposal that would create the world’s largest publicly traded copper company and second-largest copper …
MSV begins winding down project
Unable to secure financing for its Copper Rand 5000 project, MSV Resources (MSV-T) has begun work that will lead to the closure of the Copper Rand mine site in Chibougamau, Que.The company is disposin…
Careers (July 26, 1999)
Ministry of Northern Development and MinesGeophysicist$52,3000 – $63,500Consider this opportunity with the Ontario Geological Survey (OGS), Precambrian geoscience section, to gather geophysical data, …
Twin Gold eyes discovery
A tidewater diamond discovery in northern Quebec’s Ungava region has caught the eye of Twin Gold (TWG-T), a junior best known for its Atlanta gold project in Idaho.Twin Gold intends to test a dozen Gr…
Placer, CVG mothball Las Cristinas
Placer Dome (PDG-T) and partner Corporacion Venezolana de Guayana have halted construction of the Las Cristinas gold mine in Venezuela as a result of dismal gold markets.The site will be put on care a…
Manitoba passes registration law
Manitoba has joined the Northwest Territories, British Columbia, Alberta, Saskatchewan, Newfoundland and New Brunswick in passing legislation requiring geologists to be registered professionally.The n…
Orezone strikes more gold at Kerboul in West Africa
Junior Orezone Resources (ORZ-M) has received more encouraging results from reverse-circulation drilling at its Kerboul gold property in northern Burkina Faso.Eight holes sunk in the Kerboul South z…
EDITORIAL & OPINION — NEW HORIZONS — Platinum keeps prototypes rolling
Zero-emmission power generation has long been the Holy Grail for environmentalists, industrialists and legislators. Increasingly tough pollution standards are the product of enormous pressure for chan…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Summer doldrums dog western markets
The Vancouver Stock Exchange composite index lost 5.87 points, or 1.37%, closing the week ended July 20 at 423.74. The mining index lost 8.55 points to close at 279.43.The combined value of the Albert…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Aber-Tiffany deal adds sparkle to dim market
Gold dropped to yet another 20-year low during the quiet report period ended July 20, losing $2.70 to hit US$252.90 per oz. on the London morning fix of July 21.Most of Canada’s major gold producers s…