News

A proposed merger between Atlas (NYSE) and three other mining companies has been nixed. Atlas, which had proposed the merger, informed the three that it no longer wants to proceed. The companies inclu…

A joint venture between Arequipa Resources (VSE) and Peruvian-based Acuarios Minera y Exploradora has culminated in a merger. Arequipa increased its interest in the Peruvian company to 100% by issuing…

Positive drill results are reported from the Joe Mann copper-gold mine south of Chibougamau, Que. Owner Campbell Resources (TSE) reports that the work was carried out at the newly discovered West zone…

A new gold deposit is set to come on stream for senior gold producer Echo Bay Mines (TSE). The Lamefoot deposit is the latest in a string of five deposits to be put into production at the Kettle River…

A second hole drilled near the Kabanga nickel-cobalt deposit in northwestern Tanzania has confirmed the potential for a significant new zone. BHP Minerals reports that Hole 43 intersected an estimated…

A consortium of Canadian potash producers has agreed to participate in the Yolanda Natural Nitrates project in Chile, owned by Kap Resources (VSE). The consortium, which includes Potash Corp. of Saska…

Strong demand for nickel has Inco (TSE) planning to increase output in 1995 by some 85 million lb. to 430 million lb. Problems in Russia, at the huge Norilsk operation and with declining domestic cons…

A new resource has been calculated for the Nicholas Lake project in the Northwest Territories.

Junior Richmont Mines (TSE) believes its shares are undervalued and has taken action to reverse the situation. The company has notified the Toronto and Montreal stock exchanges that it intends to make…

BGR Central Net Value $17.12 $6.67 Price $14.00 6.625 Discount 18.23% 0.7% Value $137,394,000 $119,907,863…

— From a recent issue of Yorkton’s “Natural Resources.

FREE MARKET London Metal Exchange Spot closing prices in $US per tonne…