Index (February 02, 1998)
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News
Boliden succeeds in bid to acquire Westmin — Lomas Bayas points to potential expansion in Latin America
Boliden (BOL-T) will conduct an in-depth analysis of the assets of Westmin Resources (WMI-T) following its successful takeover of the Vancouver-based mining company.Boliden says all conditions of its …
NEWS IN BRIEF (February 02, 1998)
American Comstock Exploration (AEK-V) has changed its name to International Comstock Exploration (COZ-V) on a 1-new-for-5-old-share basis.
CORRECTION (February 02, 1998)
DiamondWorks (DMW-T) expects to produce 9,000 carats per month at its Yetwene property in Angola. The diamonds are expected to have a value, as opposed to a cash production cost, of $US280 per carat. …
DIAMOND PAGE — Earth Sciences inks Venezuelan diamond deal
Earth Sciences (ESCI-Q) has acquired the right to explore for diamonds in the Gran Sabana, a large treeless expanse in southeastern Venezuela.The vendor, a Venezuelan company known as CODSA 14, contro…
Hall of Fame event stresses human side of mining
The induction ceremonies for the ninth annual Canadian Mining Hall of Fame, held recently at Toronto’s Royal York Hotel, paid tribute to six inductees whose careers showed not the importance of mining…
NW Quebec prospectors fight to save ground-staking
A plan put forward by Quebec’s ministry of natural resources to revise the provincial mining act is drawing criticism from two of the province’s prospectors associations.Amendments being proposed unde…
STOCK MARKETS — VSE gains some ground while ASE ends week on down note — Drill results add value to Francisco; Kalahari benefits from Sunstate deal
The Vancouver Stock Exchange composite index added 2.07 points, or 0.3%, to close at 596.13 over the report period ended Jan 27. The mining index also finished on an up-note, gaining 5.45 points, or 1…
EDITORIAL — PDAC bemoans inadequate disclosure — Codifying corporate conduct
With a membership of more than 6,000 individuals and corporations, the Prospectors & Developers Association of Canada (PDAC) is taking a keen interest in the Ontario task force currently reviewing sta…
Kennecott joins JNR Resources in Saskatchewan
Kennecott will earn a 65% interest in up to eight uranium concessions held by JNR Resources (JNN-V) in the Athabasca Basin of northern Saskatchewan.To do so, Kennecott must spend $1.5 million on explo…
Holloway below expectations
The current slump in gold prices is taking its toll on Teddy Bear Valley Mines (TBY-T), the 15.35% owner of the Holloway gold mine in northeastern Ontario.Operated by Battle Mountain Canada (BMC-T), w…
LME WAREHOUSE LEVELS (February 02, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.27/98 (change from Jan. 20 in brackets):MetalStock(tonnes)Change…