Kinross bids to acquire La Teko
La Teko Resources (LAO-T) and Kinross Gold (K-T) have entered into a proposed merger whereby shareholders of La Teko will receive one Kinross share for every 2.65 shares held.The offer represents a 54…
News
Companies (October 19, 1998)
Adrian ResourcesAnglo AmericanAranlee ResourcesArgentina GoldAsia Pacific ResourcesAtacama MineralsAtna ResourcesAurizon Mines17Auspex MineralsBarrick GoldBattle Mountain GoldBillitonBolid…
New Guinea Gold launches drilling at Kabang prospect
New Guinea Gold (NGG-V) has begun diamond drilling on the Kabang prospect, part of the Feni project in Papua New Guinea.The Feni project comprises about 81 sq. km on the islands of Ambitle and Babase….
Regal buys into Maritime gold project
Toronto-based Regal Goldfields (REGL-C) can earn a 75.5% interest in the Touquoy gold project 60 km northeast of Halifax.Work to date by project vendor Moose River Resources has defined an indicated r…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Getting the shaft in Winnipeg
In mid-November of 1926 at the Central Manitoba Mines’ gold operation, the main shaft of our hoist broke, and the ensuing tale illustrates the difficulties of working in the remote bush before the day…
MINING MARKETS & INVESTMENT NEWS — Cameco floats p-shares on U.S. market
Cameco (CCO-T) has sold a US$125-million block of preferred shares in an offering to U.S. investors.Each preferred share represents a principal amount of US$25 in junior subordinated debentures, which…
Chelyabinsk tries to revive sluggish exploration sector
The government of Chelyabinsk, a territory in the Ural Mountains of Russia, has pledged US$600 million over the next seven years to kick-start the region’s base metal mining industry.Under the plan, w…
INDUSTRIAL MINERALS — Granigroupe ready to sell holdings to Pender Capital — Quebec operations join B.C. quarries
Privately held Granigroupe has reached a preliminary agreement with Pender Capital (PNL-A) to sell its industrial-minerals holdings, including 15 building-stone quarries.Quebec-based Granigroupe, whic…
Andacollo tops 25,000 oz.
The Andacollo gold mine in central Chile produced a record 25,076 oz. at a cash operating cost of US$226 per oz. for the quarter ended Sept. 30, reports Dayton Mining (DAY-T).”The management of Dayton…
Strike disrupts production at Cayeli copper mine
Production at the Cayeli copper-zinc mine in Turkey has been suspended as a result of a miners’ strike.Inmet Mining (IMN-T), which owns a 49% equity interest in the mine’s owner, Cayeli Bakir Isletmel…
Jiawula drilling off to good start for Naneco
Drilling at the Jiawula polymetallic deposit in the Inner Mongolia region of China continues to confirm mineralization in the advanced No. 2 vein.Junior Naneco Minerals (NNE-A) is targeting the zone i…
New nickel showing at Powderhorn Lake
Road construction for logging has enabled a prospecting syndicate to locate a showing of copper-nickel-cobalt mineralization in Newfoundland’s Central Mineral Belt.The showing, at Powderhorn Lake, abo…