Prime committee retains advisor
The special committee of independent directors of Prime Resources Group (PUG-T), established to consider Homestake Mining’s (HM-N) bid for the 49.4% of Prime it doesn’t already own, has retained the s…
News
Extender told to foot VenCan’s legal bill
An Ontario court has ordered privately held Extender Minerals of Canada to cover $195,000 in legal costs incurred by VenCan Gold (VCG-M) following the dismissal of Extender’s allegation that VenCan wr…
Meetings (July 13, 1998)
July 13, Gold-OreJuly 13, Interstar .July 13, NTI ResourcesJuly 13, StarrexJuly 14, Bralorne-PioneerJuly 14, DonnerJuly 14, FleckJuly 14, ForanJuly 15, NorthwayJuly 15, TapangoJuly 16, AthloneJuly 16,…
BHP takes major writedowns
Australia’s Broken Hill Proprietary (BHP-N) has written down the value of a large number of its assets.For the 1998 fiscal year ended May 31, BHP took writedowns totalling US$1.74 billion on a number …
Zemex revises Inmet offer
Backed by an unnamed shareholder, Zemex (ZMX-N) has demanded a special meeting of shareholders to consider a revised bid for Inmet Mining (IMN-T).Zemex’s new proposal to Inmet’s shareholders includes …
Virginia begins active summer
As part of a $6-million 1998 exploration campaign, at Virginia Gold Mines (VIA-M) has initiated summer field work at myriad prospects throughout the province of Quebec.In the James Bay region, crews h…
Boliden blocked from Wolverine deal
The British Columbia Supreme Court has granted Atna Resources (ATN-T) a temporary injunction preventing Boliden (BOL-T) subsidiary Boliden Westmin from selling its 60% interest in the Wolverine joint …
AMF ventures into Finland
America Mineral Fields (AMZ-T) has won the right to explore for diamonds in a highly prospective region of Finland.The Finnish goverment announced that the Dallas, Tex.-based company is entitled to ca…
COMMENTARY — Taking precautions overseas
.BT.J. O’ConnorThe global mining industry has undergone a major change over the past two decades, as improved political and economic conditions in mineral-rich developing countries have opened up new …
EDITORIAL — Not in my pristine backyard, thank you — Ghettoizing pollution
Environmentalists lobbying to have the Canadian government live up to commitments made at a conference on climate change held last year in Kyoto, Japan, might think twice about their efforts if they t…
Corner Bay plans program
Corner Bay Minerals (BAY-T) is set to carry out reverse-circulation drilling on the Alamo Dorado silver-gold property in Sonora state, Mexico.The program is designed to follow-up on results obtained f…
MINING MARKETS & INVESTMENT NEWS –Twin Gold seeks financing
Twin Gold (TWG-T) has closed a private placement of 873,948 units priced at 30 cents each, for proceeds of $262,184. Each unit consists of one common share and one share-purchase warrant. Each warrant…