Manalta issues poison pill to delay Luscar bid
The directors of Manalta Coal Income Trust have recommended that shareholders reject a $550-million takeover bid by Luscar Coal Income Fund, approving a shareholders’ rights protection plan to delay t…
News
EDITORIAL — Champion needed for licensure — Anyone listening?
Toronto’s status as the mining finance capital of the world is in danger of being undermined unless Ontario’s geologists, geophysicists and geochemists are licensed by a professional organization with…
OBITUARIES — Richard Thompson
Richard Thompson, owner of Connors Drilling, has died. He was 48.A native of Portage la Prairie, Man., Thompson graduated from the University of British Columbia in 1972 with a bachelor of science in …
GREATEST VALUE TRADED (August 17, 1998)
ExchgVal($000s)HighLowCloseChangePlacer DomeT9149…
SPOT PRICES (August 17, 1998)
Wednesday Aug. 12, 1998Price (US)Week’s ChangeGold*$285.50-$3.35Silver*$ 5.25…
DIAMOND PAGE — Merger talks put on hold
The proposed merger between Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A), both of which are exploring for diamonds in the Northwest Territories, has been placed on hold.In press releases, …
DIAMOND PAGE — SouthernEra forges ahead at Marsfontein
With their dispute over the Marsfontein farm settled, partners SouthernEra Resources (SUF-T) and De Beers Consolidated Mines (DBRSY-Q) have turned their attention to mining the high-grade M1 kimberlit…
MOST ACTIVE ISSUES (August 17, 1998)
ExchgVol(000s)HighLowCloseChangePlacer DomeT5960…
TSE INDICES (August 17, 1998)
1998Aug. 11Aug. 10Aug. 7Aug. 6Aug. 5HighLowCompos…
METAL PRICES — Daily Metal Prices (August 17, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateAug. 11Aug. 10Aug. 7Aug. 6…
Dynatec drops Yukon venture
Contract miner Dynatec (DY-T) has decided not to participate in the rehabilitation, development and operation of dormant silver-lead-zinc mines near Elsa, in the central Yukon.The company terminated d…
B.Y.G. busy at Mt. Nansen
At the Mt. Nansen property, north of Whitehorse, Y.T., B.Y.G. Natural Resources (BYG-T) has intersected gold porphyry mineralization near existing open-pit operations.The discovery hole bottomed in mi…