PEOPLE – Patricia
Richard Sutcliffe appointed CEO and director; C. Nigel Lees and Donald Ross appointed directors.
News
Index (July 20, 1998)
Book ReviewCareersClassifiedDiamond PageDrillersEditorialFacts’n’FiguresInsider TradingListings & FinancingsMetal PricesMining Markets and Investment NewsObituaryOdds’n’SodsPeopleProfessional Director…
Kit expands gold resource at George Lake property
An independent resource calculation has expanded the size of the George Lake gold deposit of Kit Resources (KIT-T).Situated near Bathurst Inlet, N.W.T., the deposit is now estimated to host 6.5 millio…
Zen kills Zijinshan joint venture in China
Following a year of due diligence and about $1 million worth of expenditures, Zen International Resources (ZQP-V) is walking away from what was once its centrepiece in southeastern China.The company h…
Deal for Inco Alloys near
Inco’s sale of its alloys division to a U.S. manufacturer could net the nickel miner US$408 million.Plans to sell Inco Alloys International to New Hartford, N.Y.-based Special Metals hinge on regulato…
Etruscan extends bid for shares of Channel
Ross Fitzpatrick, chairman of Channel Resources (CHU-T), is continuing to urge shareholders to reject an “opportunistic” takeover bid by rival West African explorer Etruscan Resources (EET-T). But hav…
Bolivar funds Venezuelan work program
Toronto-based Bolivar Goldfields (BVG-T) has completed a US$20-million financing with Barclays Bank and Standard Bank London.The financing comprises a US$16-million senior loan and a US$4-million subo…
FACTS ‘N’ FIGURES — The money’s in the mergers
More than US$18 billion was spent on mergers and acquisitions in the mining and metals processing industries in 1997. This represents a 50% increase over 1996, when only US$12 billion was spent. In 19…
EDITORIAL — Taking lumps, dodging slings and arrows — The week that was
“The Ugly Canadians” (who else but miners?) made the evening news this past week, with their tailings spills and environmental scandals featured in prime time alongside reports of further sex scandals…
MINING MARKETS & INVESTMENT NEWS — Tiomin raises funds in placement
Tiomin Resources (TIO-T) has completed a private placement of 2 million shares priced at 50 cents each, for proceeds of $1 million.The company is preparing to begin a feasibility study at its Kwale ti…
MINING MARKETS & INVESMENT NEWS — QUERY — Intergold claims Carlin-sized deposit
Intergold recently informed me that it has made a major gold discovery in south-central Idaho. The company’s comments regarding ore grades appear inconsistent (0.14 oz. per ton versus 0.03 oz. obtaine…
BOOK REVIEW — The trespasser’s guide to exploration in the bush — Entry and Work on Private Property: An Explorationist’s Guide
Hewson & White Printing, P.O. Box 1295, Kingston, Ontario K7L 4Y8″It is sometimes surprising how many prized cattle a farmer may own,” says Karl Harries in one of his many footnotes, “and how prone th…