Summo to develop Lisbon Valley copper
Denver-based Summo Minerals (SMA-T) has received approval to construct and develop the Lisbon Valley copper project in southeastern Utah.The go-ahead stems from a decision, by Deputy Chief Administrat…
News
METAL PRICES (October 12, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 6Oct. 5Oct. 2Oct. 1…
Companies (October 12, 1998)
Aber ResourcesAdmiral Bay ResourcesAlberta EnergyAnglo AmericanAscot ResourcesAshton Mining of CanadaAtapa MineralsAtna ResourcesBattle Mountain GoldBlack Hawk MiningBolidenBolivar GoldfieldsBreak…
Platexco revises terms of Winnaarshoek deal
With the South African Reserve Bank blocking the proposed acquisition by Platexco (PTX-T) of the Winnaarshoek and Buffelshoek platinum properties, the company is reverting to a modified version of an …
De Beers pulls diamonds from Victoria Island
Microdiamond analysis performed on four of the five kimberlites discovered earlier this summer at the Victoria Island project in the Far North has determined that three of bodies are diamondiferous.Mo…
Atlas bears financial burden
Atlas (ATSP-O) has filed for bankruptcy protection, but will continue producing lead, zinc and silver at its Andacaba mine in southwestern Bolivia.Meanwhile, the company hopes to sell its 61% holding …
NEWS ROUNDUP — Leader, Ariel go separate ways
Juniors Leader Mining (LMN-A) and Ariel Resources (AU-T) have scrapped plans to merge.The companies, which in May signed a letter-of-intent to amalgamate, blame poor markets for their decision to forg…
NEWS ROUNDUP — Camnor, La Teko deal gets nod
Regulators have approved a deal for Camnor Resources (CMB-V) to earn a 51% interest in the 3,000-acre Discovery Gulch property of La Teko Resources (LAO-V) in Alaska.For its interest, Camnor must spen…
NEWS ROUNDUP — Junior expands strike of Copper Pond
Prospecting and mapping by Copper Hill (CUHL-C) have extended by 1.5 km the strike length of a massive sulphide zone on its Copper Pond property in Labrador.The 1998 program of geophysical surveys and…
Hornby Bay sizes up NWT zinc discovery
Hornby Bay Exploration (HBBY-C) is set to begin preliminary exploration on a recently discovered mineralized sulphide zone in the Hornby Basin of the Northwest Territories.The company intends to condu…
Careers (October 05, 1998)
Socit minire Raglan du Qubec Lte “SMRQ”, dont les oprations se situent la limite nord du territoire qubecois, constitue l’un des projets de mtaux de base les plus importants avior t ral…
TSE suspends Cobatec
The Toronto Stock Exchange has suspended trading in Cobatec (CBT-T) for failure to keep up the exchange’s listing requirements.Cobatec, which had been producing cobalt chemicals at a hydrometallurgica…