Aur spills the beans: it bought shares in Inmet
Responding to speculation by market-watchers, Aur Resources (AUR-T) has confirmed that it has bought a large holding in Inmet Mining (IMN-T).Careful readers of Aur’s quarterly financial statements had…
News
SUPPLIERS NEWS ROUNDUP — Dynatec inks Mexican deal
Dynatec will let a Mexican mining company use its zinc leach recovery technique.Industrial Minera Mexico, which operates zinc mines throughout the country, is the latest firm in Latin America to sign …
NEWS ROUNDUP — Indochina reports discovery
Vancouver-based Indochina Goldfields (ING-T) has discovered polymetallic mineralization at its Sekatak project in northeastern Kalimantan, Indonesia.The “potentially significant” discovery consists of…
Companies (August 24, 1998)
Aber ResAmblin ResourcesAnglogoldAquiline ResArgosy MiningArizuma SilverArmada GoldAtlas MiningAur ResourcesAurcanaAuspex MineralsB.Y.G. Natrl ResBarrick GoldBattle Mtn GldBolidenCaledonia MgCambiorC…
Omai lawsuit dismissed
A class action suit brought against Cambior (CBJ-T) over the failure of the tailings dam at its Omai gold mine has been dismissed by the Superior Court of Quebec.The suit, brought by the advocacy grou…
SUPPLIERS NEWS ROUNDUP — SGI, Mitsubishi form partnership
SGI International and Mitsubishi have signed an agreement to develop a joint-venture company specializing in the conversion of low-grade coal to oil and gas.The deal hinges on the further development …
Battle Mountain battles low gold prices
Despite considerable progress in cutting production costs, Battle Mountain Gold (BMG-N) posted a net loss of US$11.1 million (or 5 cents per share) for the quarter ended June 30.The loss, which includ…
Revenue, profits down for royalty sisters
The money kept rolling in for both Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) during the last fiscal quarter, though the low gold price did take a bite out of both companies’ bottom lin…
Russian diamond output stalls as new projects proposed
The Yakutia region of northeastern Russia produced cut and polished diamonds worth US$20 million in the first half of 1998.As a result of a shortage of rough diamonds, Tuimaada Diamond, the region’s l…
Luscar extends Manalta buyout offer — Manalta takes loan in hopes of keeping unit-holders on side
Luscar Coal Income Fund has revised its original offer to unit-holders of Manalta Coal Income Trust in its bid to take over Canada’s largest coal producer.Luscar has extended its offer to Aug. 28 and …
MINING MARKET & INVESTMENT NEWS — INSIDER TRADING — Fund expands holding in DiamondWorks
Roberston Stephens Investment Management, a large fund with numerous mining and mineral exploration interests, has increased its holdings in DiamondWorks (DMW-V). The fund, which is required to report…
MINING MARKET & INVESTMENT NEWS — NEW LISTINGS — Newly listed Pickle Crow sets sights on past producer
Vancouver-based Pickle Crow Resources (PKL-A) is now listed on the Alberta Stock Exchange, having picked up $700,000 by way of an initial public offering of 2 million shares at 35 cents each.The compa…