News

Placer ices Las Cristinas as Crystallex plans mine

‘Thou shalt not covet thy neighbour’s mine’ is the poorest kept commandment in the mining business, though few companies are as brazen as Crystallex International (KRY-T) in breaking it. The junior re…


Producer and Dealer Prices (July 03, 2000)

Antimony: Mid-mkt US$1,250/t.Bismuth: Mid-mkt US$3.50/lb.Cadmium: Mid-mkt US$0.23/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$14.95-16.40/lb.Copper: Comex July US$0.8175/lb.Indium: I…


Asquith drills Roandji gold property

Asquith Resources (ASQH-C) and Axmin, a privately held exploration company, have released preliminary results from infill drilling on the 2,000-sq-km Roandji gold property, which occupies an Archean g…


Cygnus bombs

Ashton Mining of Canada (ACA-T) has recovered low diamond counts from a recent kimberlite discovery in the Northwest Territories and from additional mini-bulk sampling on an Alberta kimberlite.The Cyg…


Sunshine seeks debt relief

Yet again, Sunshine Mining & Refining (SSC-N) has pushed back the maturity date for its 8% senior exchangeable notes until June 30.The Idaho-based silver company does not have the resources to pay the…


PEOPLE (July 03, 2000)

Boliden — Thomas Cederborg appointed executive vp and chief operating officer.Cabo — Stanley Feinerman appointed director.Cathedral — Mark Bentsen, Herman Hartley, Donald Sabo appointe…


Teck tenders offer for Cominco shares

Seeing robust growth in its 45.1% equity stake in base metal major Cominco (CLT-T), Teck (TEK-T) has tendered an offer to buy an additional 4 million shares at $25 per share.The $100-million bid repre…





Franco-Nevada rebounds as merger news sinks in

With the arrival of summer, gold decided to take a breather from its steady 2-month climb, easing up just US55 to reach a London morning fix at US$286.60 per oz. on June 21, after pulling back from t…


Grupo Mexico sells aggregates unit

Grupo Mexico has agreed to sell its aggregates division, American Limestone, to CSR America, a division of the CSR Group, for US$211 million.American Limestone is the second division of Asarco to be s…


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