Index (May 18, 1998)
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News
Placer drops Cerro Crucitas
Placer Dome (PDG-T) has decided to sell its interest in the Cerro Crucitas gold property in northern Costa Rica, stating that the property does not fit its strategic objectives.Since discovering the C…
SUPPLIERS NEWS ROUNDUP — Dynatec awarded shaft contract
Richmond Hill, Ont.-based Dynatec has been awarded a US$9.5-million contract from North American Salt.The contract covers the sinking of a 1,600-ft., concrete-lined production shaft at Cote Blanche Is…
New zone at Callinan mine spells good news for HBM&S
A new zone has boosted resources at the Callinan polymetallic mine of Hudson Bay Mining & Smelting (HBM&S), near Flin Flon, Man., the company has reported.Total resources at the new zone, dubbed the T…
Canada co-operates with Chile
Canada and Chile have agreed to work together on efforts aimed at the sustainable development of minerals and metals. A memorandum of understanding on the issue is expected to be signed by the two cou…
EDITORIAL — ME advocates “competent person” rule — Making the most of milestones
Several anniversaries relevant to the mining industry — some more pleasant than others — came and went during the first week of May.The first anniversary of the unmasking of Bre-X Minerals’ fool’s g…
MINING MARKETS AND INVESTMENT NEWS — INSIDER TRADING — Caisse sells large Sherritt holding
Recent insider trading reports released by the Ontario Securities Commission show that Quebec-based investment fund Caisse de Dpot et Placement du Qubec sold a significant block of shares in nickel …
MINING MARKETS AND INVESTMENT NEWS – WESTERN MARKETS — South Voisey’s Bay juniors’ stock slips as drilling starts
The Vancouver Stock Exchange composite index slid 7.28 points, or 1.2%, to close the May 6-12 report period at 623.83. The mining index followed suit, losing 13.67 points, or 2.8%, to close at 474.97….
Ashton sizes up new kimberlite finds
The first set of caustic fusion results from three of the nine new kimberlites discovered during the 1998 winter exploration drilling program on the Buffalo Hills project in north-central Alberta show…
Pangea, Sundust nearing prefeasibility stage at Victoria
Partners Pangea Goldfields (PGD-T) and Sundust Resources (SUN-M) have reached the final stretch of a second phase of drilling at their Victoria polymetallic property in Peru.Pangea, which is managing …
Inmet sells Antamina stake to Noranda, Teck in $70m deal
Majors Rio Algom (ROM-T), Noranda (NOR-T) and Teck (TEK-T) are teaming up to develop the Antamina copper-zinc project in Peru.Noranda and Teck have each agreed to buy half of Inmet Mining’s (IMN-T) 50…
Nuinsco drills Lac Rocher nickel-copper prospect
Nuinsco Resources (NWI-T) has completed an initial 10-hole diamond drilling program at its Lac Rocher nickel-copper property, situated about 120 km north of Matagami, Que.The program was designed to t…