Cyprus sells coal assets (July 13, 1998)
The coal division of Cyprus Amax Minerals (CYM-N) has sold 11 of its Midwestern, and Appalachian coal mines in a transaction aimed at relieving long-term liabilities.Cyprus sold the operations to Kent…
News
Millstream buys Tamarack
Junior Millstream Mines (MLSM-C) has picked up a 50.5% interest in the past-producing Tamarack gold property in southwestern Montana.To earn its interest, the company must fund undisclosed exploration…
Noranda fights back against misinformation
Noranda (NOR-T) subsidiary Magnola Metallurgy is responding to recent negative media reports over its $700-million magnesium processing facility, now under construction in Asbestos, Que.Scheduled to b…
Companies (July 13, 1998)
AGC Americas GoldAlberta Star MiningAllican ResourcesAmblin ResourcesAmerica Mineral FieldsAMT International MiningAntares Mining & ExplorationArcon International ResourcesAsia Pacific ResourcesAtna R…
Procoloro shifts gears, picks up new properties
Procoloro Resources (PCH-M) has decided to shift its focus from gold exploration to chromite and ferrochrome development.At the company’s recent annual meeting, shareholders gave the corporate transfo…
COMMENTARY — Taking precautions overseas
.BT.J. O’ConnorThe global mining industry has undergone a major change over the past two decades, as improved political and economic conditions in mineral-rich developing countries have opened up new …
EDITORIAL — Not in my pristine backyard, thank you — Ghettoizing pollution
Environmentalists lobbying to have the Canadian government live up to commitments made at a conference on climate change held last year in Kyoto, Japan, might think twice about their efforts if they t…
Corner Bay plans program
Corner Bay Minerals (BAY-T) is set to carry out reverse-circulation drilling on the Alamo Dorado silver-gold property in Sonora state, Mexico.The program is designed to follow-up on results obtained f…
MINING MARKETS & INVESTMENT NEWS –Twin Gold seeks financing
Twin Gold (TWG-T) has closed a private placement of 873,948 units priced at 30 cents each, for proceeds of $262,184. Each unit consists of one common share and one share-purchase warrant. Each warrant…
TSE SHORTS (July 13, 1998)
Short positions outstanding at June 30, 1998Larger individual positions include: Barrick Gold 13,208,190, down 2,203,712; Boliden 47,400, down 1,679,616; Cornucopia Resources 0, down 201,100; Dakota M…
Samax, Semafo team up in Ghana
London-based Samax Gold (SMX-T) will team up with Montreal-based Semafo (SMF-T) to develop the latter’s Ebi-Teleku Bokazo gold property in southwestern Ghana.An agreement-in-principal would see Samax …
Quebec passes Law 182
Bringing to a close two years of review and consultation regarding the provincial mining act, the Quebec national assembly has passed legislation that simplifies the process of acquiring mining rights…