British Columbia copper mines face tough times
Deteriorating copper prices have forced 60%-owner Imperial Metals (IPM-T) to negotiate the second financial restructuring package for the Huckleberry copper mine in less than a year.The open-pit mine,…
News
PEOPLE — First Dynasty (June 07, 1999)
John Lewins appointed president and CEO.
PEOPLE — EuroZinc (June 07, 1999)
Ryan Bennett appointed director.
Index (June 07, 1999)
ClassifiedDiamond PageDividendsDrillersEditorialFacts’n’FiguresGeology 101Investment CommentaryLetter to the EditorMarket PlaceMetal PricesMining Markets & Investment NewsNews RoundupObituaryPeoplePro…
SPOT PRICES (June 07, 1999)
Precious MetalsPrice (US$/oz.)ChangeGold*$267.05-$4.65Silver$ 4.98-$0.07…
LME WHSE LEVELS (June 07, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 1/99 (change from May 25 in brackets):MetalStocks (tonnes)Change…
Asia Pacific strikes deal with fertilizer giant
The Asian subsidiary of Norway’s Norsk Hydro ASA (NHY-N) has reached an agreement to acquire a 20% joint-venture interest in the proposed Somboon potash mine project in northeastern Thailand.Vancouver…
GREATEST VALUE TRADED, May 26-June 1
ExchgVal($000s)HighLowCloseChangeAlcoa*N542687…
DIAMOND PAGE — Akrokeri expands plant
Toronto-based Akrokeri-Ashanti Gold Mines (AAGM-C) has expanded and relocated its processing plant at the Esaase property in Ghana, West Africa.In 1988, the company produced 35,122 oz. gold at the Bon…
Pacific Rim drilling Fantasma
Pacific Rim Mining (PFG-T) is drill-testing the Fantasma gold project in northwestern Argentina.The 2,000-metre, reverse-circulation program will test three telluric-electromagnetic anomalies. The mos…
Kinbauri Gold wins legal dispute with Iamgold
An Ontario judge has ruled in favour of Kinbauri Gold (KNBR-C) for the liability portion of the junior company’s dispute with Iamgold (IMG-T).In 1990, Kinbauri and Imagold had planned to amalgamate, b…
Companies (June 07, 1999)
Akrokeri-Ashanti Gold MinesAsia Pacific ResourcesB.Y.G. Natural ResourcesBarrick GoldBig Valley ResourcesCambiorClaude ResourcesEcho Bay MinesExplorations Minieres du NordFreewest ResourcesGeomaque Ex…