PEOPLE — Tenke (July 05, 1999)
Paul Conibear appointed COO and director.
News
EDITORIAL & OPINION — COMMENTARY — Who killed the golden goose?
Whenever logic falls short of explaining actions or facts in the popular mind, conspiracy theories tend to surface. We saw this in the aftermath of president Kennedy’s assassination, and we’re seeing …
Noranda adds to Caber stake
Noranda (NOR-T) has subscribed for another $400,000 worth of Southern Africa Minerals (SAF-T).The private placement, involving 290,900 shares priced at $1.38 each, is part of an option agreement in wh…
Searchgold nabs Bakoudou
Searchgold Resources (RSG-M) is poised to acquire control of the Bakoudou project in southeastern Gabon. The property is currently held by Golden Gram Resources (RAMG-C).The two companies have explore…
DiamondWorks pads coffers
DiamondWorks (DMW-T) has raised $6.4 million to develop its various properties throughout the world.The private placement consisted of 28 million units priced at 23 cents each. A unit comprises one sh…
Teck axes 125 at Quintette
A backlog of coal inventories at the port in Prince Rupert, B.C., has forced Teck (TEK-T) to lay off 125 employees of the province’s Quintette mine.In addition to reducing the mine’s workforce to 500,…
GOLD FUNDS MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Rising metal prices spur rally in mining stocks
Gold Funds as of June 25, 1999BGRCentralNet Value$12.905.41Price$8.90$5.400Discount31.01%0.2%Value$95,096,000$103,211,658.ZE.N7Both gold and base metal stocks posted strong gains during the …
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Listless gold eclipsed by rebounding base metals
Gold prices continued to languish below the US$260 mark during the June 16-22 report period, slipping 20 cents over the week to US$258.70 per oz. on the London morning fix of June 23.Gold’s woes dragg…
GREATEST VALUE TRADED June 16-22
ExchgVal($000s)HighLowCloseChangeAlcoa*N511898…
GSC efforts benefit diamond exploration
The Geological Survey of Canada has taken a keen interest in diamond exploration in recent years, triggered by the crop of new mines developed or under development in Canada’s Northwest Territories an…
BASE METALS — Chesbar eyes nickel project in Guatemala
Joint-venture partners Intrepid Minerals (IAU-T) and Chesbar Resources (CBI-M) are investigating a laterite-type nickel deposit in eastern Guatemala.The companies took notice of the nickel project whi…
Meetings (June 28, 1999)
June 28, African Selection June 28, Akrokeri-Ashanti June 28, Almaden June 28, Bandolac June 28, Barramundi June 28, Big Horn June 28, Birim June 28, Broadlands June 28, Buffalo Diamonds June 28, Copp…