NEWSROUNDUP — Former Minroc finances Cassiar
Effective June 8, Minroc Mines became Cassiar Mines & Metals (CIR-T) and drew down a $5-million financing for its magnesium-chrysotile project at Cassiar in northern British Columbia.The past-producin…
News
Index (June 14, 1999)
CareersClassifiedCommentaryDiamond PageDrillersEditorialInvestment CommentaryLetters to the EditorMarket PlaceMetal PricesMining Markets & Investment NewsNews RoundupOdds’n’SodsPeoplePro…
Vengold reduces Lihir stake
To alleviate its US$115-million debt load, Vengold (VEN-T) has sold 25 million shares of Lihir Gold (LIHRY-Q).The proceeds, which tally to about $25 million (Australian), will reduce Vengold’s outstan…
MOST ACTIVE ISSUES, June 2-8, 1999
ExchgVol(000s)HighLowCloseChangePlacer DomeT11110…
NEVADA & THE WESTERN STATES — Deloro acquires ground
The California state lands commission has granted a prospecting permit to Deloro Minerals (DLO-A), which has staked a 480-acre area near the border with Nevada.The property is within 5 miles of the Au…
Companies (June 14, 1999)
Asia MineralsBarramundi GoldBattle Mountain GoldBerland ResourcesBlackRock VenturesBroken Hill ProprietaryCassiar Mines & MetalsComaplex MineralsCopper Ridge ExplorationsCorriente ResourcesC…
METAL PRICES (June 14, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJune 8June 7June 4June 3…
TSE INDICES (June 14, 1999)
1999Jun. 8Jun. 7Jun. 4Jun. 3Jun. 2HighLowComposit…
NEVADA & THE WESTERN STATES — Ruby Hill low-cost producer for Homestake
Constructed at a cost of US$64.7 million, Homestake Mining’s (HM-N) Ruby Hill gold mine near Eureka, Nev., has become the century-old mining company’s lowest-cost operation.The new mine achieved comme…
LETTER TO THE EDITOR — Legal chicanery threatens U.S. mining
The Northern Miner’s support of a strong and viable U.S. mining industry is very much appreciated. Recent editorials on Summitville, Bruce Babbitt, and zinc and the EPA have been right on point. Your …
NEVADA & THE WESTERN STATES — Conquistador chases PGMs
Conquistador Mines (CMG-V) is carrying out a due diligence review of a past-producing platinum-palladium property in Nevada.A recently signed letter-of-intent agreement gives the junior an exclusive 9…
Ok Tedi battles problems
A preliminary consultant’s report on waste management at the Ok Tedi copper-gold mine in the western interior of Papua New Guinea has not provided any solutions to the mine’s environmental problems, a…