No white knights in Labrador and Luscar fights
In two quiet corners of the mining industry — the iron ore and coal businesses — takeover battles for income funds have enlivened the profitable, but otherwise dry, business of cashing royalty chequ…
News
DiamondWorks completes Lyndhurst transaction
Following a 20-to-1 share consolidation, DiamondWorks (dmw-t) has completed a restructuring agreement with Lyndhurst, a privately held, British-based mining holding company.Under the deal, DiamondWork…
Northern Miner Indices (April 09, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Kvaerner wins safety award
Kvaerner, the London-based engineering and construction group, has received a safety award for its work at the El Tesoro copper project, near Antofagasta, Chile.The award, presented by the local, non-…
Western Pacific eyes D’Aguilar
Edmonton-based Western Pacific Gold (WPI-V) has taken a shine to the D’Aguilar gold mine project, 40 km west of Gympie in southeast Queensland, Australia.The junior recently signed an agreement with t…
Mining mergers assume ‘victim or vulture’ theme
As mining deals get bigger and the pace of consolidation accelerates, the emerging trend might best be described as “victim or vulture,” says London-based analyst Jack Jones of CIBC World Markets.”Thi…
Vista writes down asset
Denver — Low gold prices have forced Vista Gold (VGZ-X) to write down the value of the Amayapampa property in Bolivia, resulting in a net loss for the year of US$13.2 million (or 15 per share).The l…
Silver Standard picks up mine
Vancouver — Silver Standard Resources (SSO-V) plans to move ahead with the purchase of Kinross Gold’s (K-T) past-producing Candelaria silver mine in western Nevada.The junior will pay $100,000 and is…
Metal Prices (April 09, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 3April 2March 30March 29March 28Aluminium1455…
Romarco sells Nevada assets
Denver — Romarco Minerals (R-T), a former high-flying junior based in Nevada, has sold its exploration assets to privately owned Metallic Ventures.Romarco’s main asset is the Goldfield project in sou…
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Mining index flat as CDNX remains mired
Vancouver — The Canadian Venture Exchange finished the report period ended April 3 down 80.5 points, or 2.7%, at 2,908.21. The mining index followed suit, losing 72.9 points to close at 6,001.8, off …