Index (June 08, 1998)
CareersClassifiedDiamond PageDrillersEditorialFacts ‘n’ FiguresGeology 101Insider TradingInvestment CommentaryMergers & AcquisitionsMetal PricesMining Markets and Investment NewsProfessional Directory…
News
CORRECTION (June 08, 1998)
In our June 1-7 issue, we stated that First Dynasty Mines (fdm-t) already owed US$5 million to Ivanhoe Capital Finance when it borrowed another US$4.5 million from that company. The previous loans act…
FACTS ‘N’ FIGURES — World can’t get enough silver
Silver demand was robust in 1997, exceeding supply from mine production and scrap recycling by 198 million oz. and effecting substantial reductions in bullion stocks, according a report released by Wa…
MINING MARKETS & INVESTMENT NEWS – MERGERS & ACQUISITIONS — Redaurum eyes Centenary’s mining and smelting assets in Africa
By merging with Centenary Investments, diamond producer Redaurum (RRK-T) would acquire assets worth more than US$100 million, according to a valuation report by a Calgary-based consulting firm.Centena…
Carlin’s underground to be studied at Elko Expo
The newly formed Western Underground Mining Association (WUMA) will present the first Underground Mining conference, to be held June 18-19, during the 13th Elko Mining Expo in Elko, Nev.The conference…
SUPPLIERS NEWS ROUNDUP — SNC, EMS win smelter contract
Montreal-based SNC-Lavalin, in a joint venture with Engineering Management Services (EMS) of South Africa, will manage the engineering, procurement and construction of the US$1.3-billion Mozal aluminu…
DIAMOND PAGE — Ekati partners evaluate pipes near mine
The bulk sampling of two diamond-bearing kimberlite pipes in the vicinity of the Ekati mine site development area has returned preliminary grades and valuations comparable to the five pipes slated to …
Azerbaijan to privatize metallurgical enterprises
According to an instruction by Azerbaijani President Heydar Aliyev printed in the local press, metallurgical enterprises belonging to the Metallurgiya holding company are to be privatized.The enterpri…
MINING MARKETS & INVESTMENT NEWS – MERGERS & ACQUISITIONS — Kinross Gold wraps up merger with Amax Gold
Now that its merger with Amax Gold is complete, Kinross Gold (K-T) is the fifth-largest gold producer in North America.Pursuant to the transaction, Kinross released from escrow 38.1 million subscripti…
EDITORIAL — Ottawa panders to arrogant extremists — New-age imperialism
Environmentalists opposed to changing the boundary of the proposed Tuktut Nogait park in the Northwest Territories are waging a propaganda war against native Canadians. In doing so, they are snatching…
TSE INDICES (June 08, 1998)
1998June 2June 1May 29May 28May 27HighLowComposit…
Nelson Gold profits from expansion of Jilau
Expansion of the Jilau gold mine in northwestern Tajikistan enabled Nelson Gold (NLG-T) to ring up $214,000 in profits (or 3 cents per share) in the first quarter, compared with $387,000 (5 cents per …