Sons of Gwalia bids for Teck’s PacMin
Sons of Gwalia (SGW) has tabled a takeover bid for fellow Aussie gold miner PacMin Mining, an 80% controlled subsidiary of Teck (TEK-T).Gwalia is offering five of its own shares for every 28 PacMin sh…
News
El Salvador updates law
Denver — A series of revisions to the mining law offers to make exploration in El Salvador cheaper and easier.The principal change is that the net smelter royalty is cut in half, to 2%, bringing the …
Cortez expands Crossroads
Denver — Infill drilling at the Crossroads deposit in central Nevada has returned significant, albeit deep, mineralization for the Cortez joint venture. The project is part of the Pipeline complex.Pl…
Int’l Annax expands mineralization
Vancouver — International Annax Ventures (IAX-V) continues to pull encouraging values of sedimentary exhalative zinc-lead mineralization north of its Anjing Hitam deposit in North Sumatra, Indonesia….
Falco eyes Vulcan’s Labrador prospect
Falconbridge (FL-T) has entered into an agreement with St. John’s, Nfld.-based Vulcan Minerals (VUL-V) to earn up to a 65% interest in a nickel sulphide prospect some 50 km northwest of the Voisey’s B…
Normandy, TVX clean up balance sheets
Writedowns on non-performing assets have left Normandy Mining (NDY-T) with a significant quarterly loss, with affiliate TVX Gold (TVX-T) incurring a smaller loss as it brings its balance sheet back to…
News – 03-SEP-01
For services rendered
I was introduced to Frederick William Wink at his home, overlooking the Beach Grove Golf Course in Tsawwassen, B.C. Like most of us in the resource industry, I had heard of the famous Winkie portable …
The Northern Miner — North American Mining Index (September 03, 2001)
73.94 (-0.38)(Sept. 30/98 = 100)…
BCGS reports new gold model
A new gold deposit model for the North American Cordillera is identified in a paper by Christopher Ash of the British Columbia Geological Survey. Gold deposits of Atlin, Cache Creek, Bralorne-Pioneer,…
Quantum nabs Kansanshi
With three resuscitated producers under its belt, First Quantum Minerals (FM-T) has turned its sights on the historic Kansanshi copper-gold deposit in Zambia.The mid-tier producer, which operates the …
Bentonite industry sees changes
A report published by London-based Roskill Consulting Group highlights major changes in the bentonite industry.Among the developments highlighted in The Economics of Bentonite (ninth edition) are the …