NEWS IN BRIEF (December 28, 1998)
Mutapa Gold (MUA-V) has changed its name to Mutapa Copper & Cobalt (MUA-V).
1998
Las Cristinas awaits starter’s orders — Construction of mine, mill expected to last two years
Making a mine is difficult enough without additional distractions. Having endured protests from illegal gold miners and the nuisance of a protracted challenge to its land title, Placer Dome (PDG-T) ca…
Inmet looks for gold-rich polymetallics in Urban
International miner Inmet Mining (INM-T) is investigating the Barry-Urban gold belt northeast of Val d’Or, Que., as a potential source of gold-rich massive sulphides.The senior base metal producer rec…
DIAMOND PAGE — Namibian Minerals posts second-quarter profit
Higher second-quarter production helped offset lower realized diamond prices for Namibian Minerals (NMR-T).The alluvial diamond producer cranked out 42,600 carats in the three months ended Nov. 30, co…
PRODUCER & DEALER PRICES (December 28, 1998)
Aluminium: LME settlements US$1,230.50, alloy US$1,030 per tonne (Dec.22/98).Antimony: Representative mid-market US$1,235 per tonne (Dec. 22/98).Bismuth: Representative mid-market US$3.10 per lb. (Dec…
Tiomin patents proprietary technique
Tiomin Resources (TIO-T) has received a U.S. patent for a proprietary process that produces high-grade titanium dioxide feedstock synthetic rutile from ilmenite.Applications have been filed in six oth…
GOLD FUNDS (December 28, 1998)
Gold Funds as of December 17, 1998BGRCentralNet Value$13.766.00Price$9.25…
DIAMOND PAGE — Chesbar gets drill permits
At long last, Toronto-based Chesbar Resources (CBI-M) has obtained permits to drill its Guaiquinima II and Anacoco II properties in Venezuela.The junior previously carried out geochemical surveys on t…
Work program slated to begin at Brookbank — Corporate transactions end legal dispute that stalled project
Having obtained shareholder and regulatory approval, Ontex Resources (ONT-A) has completed its amalgamation with privately held Faymar Gold Mines and set the stage for ongoing exploration of the Brook…
Delgratia signs deal to settle lawsuit
Delgratia Mining (DGRTF-OTC) has reached a tenative settlement that would put an end to class-action lawsuits filed against the company after a salting scandal at the Josh property in Nevada.Final app…
EDITORIAL — Media ignore pros, exaggerate cons — Cyanide and mining
With its well-kept homes and carefully tended gardens, the little town of Waihi is as pretty as small towns come in New Zealand. It attracts tourists from all over the world, many of whom end up visit…
Companies (December 28, 1998)
Agnico-Eagle MinesAlto MineralsArchangel DiamondArizona Star ResourceBattle Mountain GoldBema GoldBlack Hawk MiningBotswana DiamondfieldsBroken Hill ProprietaryChesbar ResourcesComincoCross Lake Miner…