OBITUARIES — Samuel Amukun
Samuel Amukun, exploration manager for Northwest Explorations, has died. He was 57.Born in Ngora, in eastern Uganda, Amukum obtained a science degree at Colgate University in New York state while on a…
News
TSE INDICIES
1998Sept. 29Sept. 28Sept. 25Sept. 24Sept. 23HighLow…
Pelangio takes over Detour Lake properties
As mining winds down at Detour Lake, 200 km north of Timmins, Ont., Pelangio-Larder Mines (PLLM-C) has moved to assemble the dominant land position in the area by buying up the Placer Dome (PDG-T) pro…
MOST ACTIVE ISSUES (October 05, 1998)
ExchgVol(000s)HighLowCloseChangeBarrick GoldT2182…
MINING MARKETS & INVESTMENT NEWS — Producers up on gold’s strength
Early in the report period Sept. 23-29, the Dow Jones industrial average jumped over 200 points. Holding more-or-less steady for the rest of the week, the average closed at 8,080.52, up 183.32 points …
Hart grabs NWT showings
Preliminary exploration by Golden Hart Exploration (GHXX-C) has uncovered polymetallic showings in iron formation at the Whitehills Lake property in the Northwest Territories.Two of five grab samples …
EDITORIAL & OPINION — Environmentalists themselves a threat — Scaremongering
Notwithstanding a few notable exceptions, most self-described environmentalists are woefully ignorant of science. In fact, some are openly contemptuous of the discipline, which they blame for causing …
TSE SHORTS (October 05, 1998)
Short positions outstanding at September 18, 1998Larger individual positions include:Abitibi Consolidated2,079,307, up 94,475; Alcan Aluminium 1,045,099, down 73,536; Asia Pacific Resources 255,400; B…
PRODUCER & DEALER PRICES (October 05, 1998)
Aluminium: LME settlements US$1,312.50, alloy US$1,128 per tonne (Sept. 29/98).Antimony: Representative mid-market US$1,320 per tonne (Sept. 29/98).Bismuth: Representative mid-market US$3.25 per lb. (…
Atlas bears financial burden
Atlas (ATSP-O) has filed for bankruptcy protection, but will continue producing lead, zinc and silver at its Andacaba mine in southwestern Bolivia.Meanwhile, the company hopes to sell its 61% holding …
NEWS ROUNDUP — Leader, Ariel go separate ways
Juniors Leader Mining (LMN-A) and Ariel Resources (AU-T) have scrapped plans to merge.The companies, which in May signed a letter-of-intent to amalgamate, blame poor markets for their decision to forg…
NEWS ROUNDUP — Camnor, La Teko deal gets nod
Regulators have approved a deal for Camnor Resources (CMB-V) to earn a 51% interest in the 3,000-acre Discovery Gulch property of La Teko Resources (LAO-V) in Alaska.For its interest, Camnor must spen…