Mining fog gets attention
Delegates from 50 countries recently met in Vancouver, B.C., to discuss a new kind of mining that might revive areas with chronic water shortage problems.The notion of tapping into life-giving fog to …
News
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Shares traded by execs at Twin Gold, American Gem
The Ontario Securities Commission’s OSC Bulletin reports that a director of Twin Gold (twg-t) bought several blocks of shares in that company in June.Hermann Derbuch bought 147,500 shares at 27-30 cen…
Mansfield options porphyry prospect Mill construction begins at Minto property in Yukon
Vancouver-based Mansifeld Minerals (MDR-V) and Aranlee Resources (ARB-V) will jointly develop the Pancho Arias porphyry prospect in northern Argentina’s Salta province.Mansfield can acquire a 60% inte…
Kabila’s government slow to advance mining in DRC
When Laurent Kabila wrested control of the former Zaire from ailing dictator Mobutu Sese Seko more than a year ago, he promised to revive the nation’s ailing mining industry, wage a war on corruption,…
NEWS IN BRIEF (August 03, 1998)
Legion Resources (LGN-V) has changed its name to Earl Resources (ERL-V) on a 1-new-for-2-old-share basis.
Index (August 03, 1998)
ClassifiedDrillersEarningsEditorialFacts’n’FiguresInsider TradingInvestment CommentaryMetal PricesMining Markets and Investment NewsProfessional DirectoryQueryStock MarketSubscription ServicesSupplier…
Political sabre-rattling stalls Voisey’s Bay
Beset by low nickel and copper prices and facing an all-or-nothing ultimatum from the government of Newfoundland, Inco (N-T) is suspending engineering and procurement work on the Voisey’s Bay nickel-c…
Pogo property in Alaska the latest feather in Teck’s cap
Teck’s (TEK-T) 40% interest in Alaska’s Pogo gold project is comparable in significance to the company’s half-interest in the David Bell gold mine in Hemlo, Ont.That was the message stressed by Presid…
CIM shipshape for boat cruise
The Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum will host its annual boat cruise and Monte Carlo Night on Aug. 19.Boarding of The Northern Spirit at the docks at the f…
GOLD FUNDS (August 03, 1998)
Gold Funds as of July 23, 1998BGRCentralNet Value$13.95$6.24Price$10.50$5…
Millstream completes drilling
Toronto-based Millstream Mines (MLSM-C) has received final results from diamond drilling at its Potter base metal property near Matheson, Ont.In total, 10 deep holes tested for depth and strike extens…
LME WAREHOUSE LEVELS (August 03, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 13/98 (change from July 6 in brackets):MetalStocks(tonnes)Change…