Toronto-listed Noranda has converted 16.3 million Series C preferred shares (92% of the total series) into common shares. Each convertible preferred share is equivalent to 1.15 common shares. As a res…
A pair of juniors have joined forces to develop and mine the Tyranite orebody at Gowganda, Ont. Under a 50-50 joint venture, Mill City Gold Mining (ASE) and Tyranex Gold (CDN) plan to drive further no…
Geological detective work has led Platinova A/S (TSE) to a large zone of zinc-rich massive sulphides in previously unexplored terrain on the northeast coast of Greenland. By following favorable strati…
A consortium headed by German firm Mannesmann Demag has won the bid to build and operate a ferrochrome plant in Tracy, Que., for Ressources Minieres Coleraine (ME). Demag is the world’s leading manufa…
Zinc mine capacity has risen so high that a “structural” surplus now exists, according to Metals and Minerals Research Services (MMRS). The English firm goes on to say that the market will regain its …
Junior company Bridger Resources (VSE) is proceeding with an action for damages, which involves allegations of breach of contract against Teck (TSE). Bridger alleges the parties reached an agreement u…
ALUMINUM: MW U.S. market US53.50-54.50 cents per lb. (June 17, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
Vancouver junior Glamis Gold (TSE) has completed underwriting for the issue of two million special warrants worth $11.2 million. Each special warrant entitles the holder to receive one common share of…
Partners Placer Dome (TSE) and TVX Gold (TSE) are planning to spend $1 million on exploration this year to delineate additional reserves at La Coipa mine in northern Chile. Exploration will focus on t…
When Lac Minerals (TSE) shelled out $10 per share, or US$378.8 million, for a controlling interest in Bond Gold in 1989, many believed the gold producer had paid too dearly to boost its output and exp…
I am concerned that your article “Improper motivation main cause of accidents” (T.N.M., June 7/93) may leave readers with the mistaken impression that the Mines Accident Prevention Association of Onta…
A Swiss securities dealer has agreed to buy $1 million in convertible bonds and warrants from MVP Capital (TSE). MVP plans to use $500,000 of the proceeds, together with $500,000 already advanced to D…
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