TSE INDICES (May 03, 1999)
1999Apr. 27Apr. 26Apr. 23Apr. 22Apr. 21HighLowCom…
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Companies (May 03, 1999)
AnglogoldArgentina GoldArgosy MiningAsarcoAshanti GoldfieldsAshton MiningAtna ResourcesB.Y.G. Natural ResourcesBarrick GoldBattle Mountain GoldBolidenBroken Hill ProprietaryCaldera ResourcesCalliope M…
DIAMOND PAGE — Montello, Kennecott form Manitoba alliance
Alberta diamond explorer Montello Resources (MEO-A) and Kennecott Canada Exploration are expanding their joint-venture relationship to include diamond reconnaissance exploration in Manitoba.Kennecott …
Ourominas now Thistle Mining
A 10-for-1 consolidation of capital and a name change to Thistle Mining (THT-T) have capped the recent refinancing of Ourominas Minerals (OMI-T).The company, which will be converting from an explorati…
TVX forms partnership with Normandy — Development of Olympias to precede Skouries
In a move aimed at cleaning up its balance sheet and financing its overseas projects, TVX Gold (TVX-T) has formed a partnership with Australia’s largest gold producer.The mid-tier producer is selling …
DIAMOND PAGE — Kennecott discovers kimberlite on Ice
Halfway through a $4.1-million drilling campaign that is testing 30-35 targets on ground shared with Tahera (TAH-T), Kennecott Canada Exploration has made its first kimberlite find.A vertically drille…
Gresik smelter starts up
Freeport-McMoRan Copper & Gold (FCX-N) has sold its first batch of copper cathode from the Gresik smelter and refinery in Java, Indonesia.The smelter is operated by P.T. Smelting, which is 70%-control…
Asarco agrees to pay penalty
Asarco (AR-N) has agreed to pay US$5.5 million in environmental penalties without admitting wrongdoing.The company has also committed to spend US$2.2 million for additional cleanup projects at its ope…
Production record for Sherritt’s metals division
Following a $72.3-million writedown on the carrying value of its oil-and-gas assets in Cuba and Italy, Sherritt International ended last year in the red. (After tax, the value of the oil-and-gas write…
Asarco options Escalones from General Minerals
General Minerals (GNM-T) has optioned the Escalones copper-gold project in central Chile to Asarco (AR-N).Subject to due diligence, the major can earn a 60% interest in the project by paying all explo…
LETTERS TO THE EDITOR — Corruption a slippery slope
I read your editorial “A vicious circle” (T.N.M., March 8-14/98) and must congratulate you on it.Your scenario, I fear, is right on the money in some of the poorer nations. As a caring company that se…
Noranda posts slim first-quarter earnings — Collahuasi, Raglan boost production of copper and nickel
With a major restructuring behind it and several large projects in the pipeline, Noranda (NOR-T) managed to withstand the effects of low metal prices and turn a slight profit in the first quarter.In t…