Ambrex, Anglo American team in Brazil
Ambrex Mining (AMBX-C) has signed a letter-of-intent regarding its Aripuana base metal property in southwestern Brazil with Anglo American Brasil, a subsidiary of U.K.-based Anglo American (ANGLY-Q).T…
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OBITUARIES (September 06, 1999)
Mervyn Arthur UphamMervyn Upham, who earned a place in the Canadian Mining Hall of Fame for his part in developing 22 mines in this country, has died following a lengthy illness. He was 82.Born in Bay…
MINING MARKETS & INVESTMENT NEWS — QUERY — Int’l Uranium out of the game
My friend from China called me a couple of days ago and told me that he found a certificate, belonging to his grandfather, for shares in International Uranium Mining Company, Limited. His grandfather …
SPOT PRICES Wednesday September 1, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$255.45+$2.25Silver$ 5.20+$0.09…
EuroZinc discovers new zone at Feitais
EuroZinc Mining (EZM-V) has intersected a shallow, high-grade zinc zone in the Feitais massive sulphide deposit at the formerly producing Aljustrel property in southern Portugal.The first two holes of…
Newmont launches bio-leach project
In a move aimed at upgrading its processing capabilities at a time of prolonged low gold prices, Newmont Mining (NEM-N) has started an US$8-million bio-leaching and milling project at its Carlin opera…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Normandy executives boost holdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Aurado Exploration (AEO-T) — Paul Conroy, director, sold 88,500 shares indi…
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — Minco gets nod for pioneering venture into China
The winds of change have not had an easy time blowing into China, and numerous North American mining companies active there continue to run up against a Great Wall of Frustration.However, mining analy…
GREATEST VALUE TRADED, August 25-31
ExchgVal($000s)HighLowCloseChangeAlcoa*N436962…
Golden Star eyes Birim
In order to secure more feed for its newly acquired Bogoso gold mine and mill in Ghana, Golden Star Resources (GSC-T) has launched a takeover bid for Montreal-based explorer Birim Goldfields (BGI-T).B…
Bissett mine expansion to go ahead
With this year’s production figures indicating signifcant cost improvements, South African miner Harmony Gold (HGMCY-Q) has approved a $6-million expansion program for its Bissett operation in eastern…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Developing Granduc
The Granduc mine is a classic case of an isolated mine project, as the orebody was bounded by the Leduc glaciers to the east, west and north and the Frank Mackie glacier to the south. The nearest comm…