Minorca, McWatters to merge
Toronto-based Minorca Resources (MAR-T) intends to merge with Val d’Or, Que.-based gold miner McWatters Mining (MCW-T).McWatters will acquire all the outstanding shares of Minorca on the basis of 0.55…
News
Breakwater extends shutdown
The metallurgy of the Caribou mine in New Brunswick’s Bathurst camp is proving to be an ongoing challenge for operator Breakwater Resources (BWR-T), which has decided to extend its temporary shutdown …
SUPPLIERS NEWS ROUNDUP — Ceramic grains potential decontaminants
The U.S. Department of Energy (DOE) has developed a method to remitigate water contaminated with mercury, lead, chromium and other toxins.The technique involves the use of self-assembled monolyers on …
SUPPLIERS NEWS ROUNDUP — JKS Boyles signs Latin American deals
JKS Boyles has entered into a $6-million agreement to sell rigs and supplies to Brazil’s two largest drilling contractors.The North Bay, Ont.-based company, which manufactures both surface and undergr…
EDITORIAL & OPINION — GUEST COLUMN — New disclosure rules in works
The Prospectors & Developers Association of Canada (PDAC) has been paying close attention to the regulatory developments facing the mineral exploration and mining industry.In the period since the Bre-…
SUPPLIERS NEWS ROUNDUP — Simons finds engineering partner in NWT
Simons Mining Group and Aboriginal Engineering Ltd. (AEL) have signed an agreement in anticipation of increased development activity in the diamond district of the Northwest Territories.The fit is a c…
Manalta votes in favor of improved bid
The battle for Manalta Coal appears to be winding down following the company’s recommendation that unit-holders accept a revised bid from rival Luscar Coal.Under advisement from RBC Dominion Securitie…
SPOT PRICES (September 07, 1998)
Wednesday September 2, 1998Price (US)Week’s ChangeGold*$280.00-$2.50Silver*$ 4.85…
EDITORIAL & OPINION — VSE policy not in public interest — Dissemination deal a dud
The Vancouver Stock Exchange is getting battered by more than low gold prices and investor indifference toward the junior mining companies that make up the majority of its listings. The venture capita…
MINING MARKET & INVESTMENT NEWS — QUERY — Redaurum investment deemed speculative
Shareholders of Redaurum are being asked to vote in favor of a proposed amalgamation with Remick Investments, which will entail issuing more than 1.7 billion Redaurum shares to Remick, then consolidat…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — A bloody week on Wall Street
The Dow Jones Industrial average lost 512 points on Aug. 31, its second-largest point drop in history. A rally the following day salvaged some of the damage as the Dow posted a 775-point loss, or 9%, …
Akrokeri posts quarterly profit
Despite poor gold prices, Akrokeri Ashanti Gold Mines (aagm-c) reported a slight profit for the second quarter of 1998.The company posted earnings of US$87,271 (or 0.2 cents per share) on revenue of U…