OBITUARY — Dennis Prince (January 11, 1999)
Geologist Dennis Prince, director of exploration projects for Falconbridge and a vice-president of the Prospectors and Developers Association of Canada (PDAC), has died. He was 52.Born in Newfoundland…
News
Eden Roc closes deal with Anglo (January 11, 1999)
Following up on their original announcement last June, Eden Roc Mineral (EDN-T) and South African major Anglo American have concluded a joint-venture agreement regarding the junior’s Ivory Coast prope…
Activist never studied law (January 11, 1999)
As a longtime reader of The Northern Miner, I would like to take this opportunity to thank you for the recent editorial “Scaremongering” (T.N.M., Oct. 5-11/98).To those of you who missed this gem, let…
LETTERS TO THE EDITOR — Gold more valuable than public perceives (January 11, 1999)
It is my belief that the role of gold has been greatly misunderstood, especially in recent years. Most people believe it is a relic of times gone by and is useful only in electrical applications and j…
MINING MARKETS & INVESTMENT NEWS — Barrick, Comaplex execs active (January 11, 1999)
Insider trading transactions recently reported by the Ontario Securities Commission in its OSC Bulletin include the following:AfriOre (AFO-V) — Harvey White, director, sold 20,500 shares at 52-69 cen…
LME WHSE LEVELS (January 11, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan. 5/99 (change from Dec. 29/98 in brackets):MetalStocks (tonnes)Change…
GREATEST VALUE TRADED (January 11, 1999)
ExchgVal($000s)HighLowCloseChangeBarrick GoldT356…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — New Year trading lifts miners (January 11, 1999)
With traders slowly coming back from the New Year’s holiday, the Dow Jones industrial average dropped 9.79 points to close at 9,311.19 for the report period Dec. 29-Jan. 5.Although metal prices langui…
MINING MARKETS & INVESTMENT NEWS — Teck to invest $1.7 million in Ventures (January 11, 1999)
New Jersey-based Ventures Resource (VRS-V) says Teck (TEK-T) intends to raise proceeds of $1.7 million by exercising 1.4 million of Ventures’ class A warrants on or before Jan. 31, 1999, at a price of…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Western markets ring in new year with rally (January 11, 1999)
The Vancouver Stock Exchange composite index rallied during the first week of the new year, tacking on 19.17 points, or 5.04%, to finish the week ended Jan. 5 at 398.95. The mining index followed suit…
DIAMOND PAGE — Ashton budgets for Alberta diamond hunt
The Buffalo Hills joint venture has approved a 1999 budget of $7.4 million for diamond exploration in north-central Alberta.Ashton Mining of Canada (ACA-T) and Alberta Energy (AEC-T) will share all co…
EDITORIAL & OPINION — Mining expertise a national asset — Unsung achievers (January 11, 1999)
This January’s post-Christmas blues are bluer than most years for the mining sector. Metals prices are going nowhere, equity markets remain mired in the doldrums, and money is tougher to raise than ev…