Miramar scales back Con operations to cut costs
In response to continued low gold prices, Miramar Mining (MAE-T) is scaling back mining and milling at its Con gold mine in Yellowknife, N.W.T, and taking a $40 million write-down against the project….
News
NEW HORIZONS — Silver and the sun
Solar Two, the latest advance in the use of mirror technology for the conversion of solar energy to electric power, is now operational. Dependent on silver-coated mirrors for the highest possible refl…
Laminco and Aur Resources complete $250,000 private placement — Consolidated Abitibi and Laminco to amalgamate
A proposed transaction among Aur Resources (AUR-t), Laminco Resources (LMR-T) and Consolidated Abitibi Resources (CAG-M) will create a new company with more than $3 million in working capital and sign…
DIAMOND PAGE — Asian economic woes hurt CSO diamond sales
De Beers Consolidated Mines (DBRS-Q) earned US$4.64 billion in 1997 from sales of rough diamonds, compared with a record US$4.83 billion in the previous year.De Beers sells its diamonds, and other com…
New mines open in 1997
The year past won’t be remembered as much for its mine openings as for its scandals, but several notable (and legitimate) projects did come fruition both in Canada and abroad during 1997.The Musselwhi…
PEOPLE — SOUTHERN AFRICA
Denis Francoeur appointed president and CEO.
PEOPLE — NORTH AMERICAN TUNGSTEN (January 05, 1998)
Udo E. von Doehren appointed director.
PEOPLE — MEGASTAR VENT.
Michael Harris appointed director.
PEOPLE — LONE STAR EXPL.
Peter Thomas appointed chairman.
PEOPLE — GOLDEN TRUMP RES.
Leslie R. MacConnell appointed director.
PEOPLE — COPPER CREEK VENT.
David C. Fitch, appointed director and vp exploration.
PEOPLE — CONS BRIGHTWORK RES.
Richard Atkinson and Don Willoughby appointed directors.