Carlin’s underground to be studied at Elko Expo
The newly formed Western Underground Mining Association (WUMA) will present the first Underground Mining conference, to be held June 18-19, during the 13th Elko Mining Expo in Elko, Nev.The conference…
News
BC mining rights act approved
A bill that supports the introduction of mining initiatives to attract investment and create jobs in the mining sector has been approved by the British Columbia legislature and now awaits final approv…
SUPPLIERS NEWS ROUNDUP — SNC, EMS win smelter contract
Montreal-based SNC-Lavalin, in a joint venture with Engineering Management Services (EMS) of South Africa, will manage the engineering, procurement and construction of the US$1.3-billion Mozal aluminu…
DIAMOND PAGE — Ekati partners evaluate pipes near mine
The bulk sampling of two diamond-bearing kimberlite pipes in the vicinity of the Ekati mine site development area has returned preliminary grades and valuations comparable to the five pipes slated to …
EDITORIAL — Ottawa panders to arrogant extremists — New-age imperialism
Environmentalists opposed to changing the boundary of the proposed Tuktut Nogait park in the Northwest Territories are waging a propaganda war against native Canadians. In doing so, they are snatching…
Azerbaijan to privatize metallurgical enterprises
According to an instruction by Azerbaijani President Heydar Aliyev printed in the local press, metallurgical enterprises belonging to the Metallurgiya holding company are to be privatized.The enterpri…
MINING MARKETS & INVESTMENT NEWS – MERGERS & ACQUISITIONS — Kinross Gold wraps up merger with Amax Gold
Now that its merger with Amax Gold is complete, Kinross Gold (K-T) is the fifth-largest gold producer in North America.Pursuant to the transaction, Kinross released from escrow 38.1 million subscripti…
TSE INDICES (June 08, 1998)
1998June 2June 1May 29May 28May 27HighLowComposit…
GOLD FUNDS (June 08, 1998)
Gold Funds as of May 28, 1998BGRCentralNet Value$15.07$5.84Price$11.75$5.
Nelson Gold profits from expansion of Jilau
Expansion of the Jilau gold mine in northwestern Tajikistan enabled Nelson Gold (NLG-T) to ring up $214,000 in profits (or 3 cents per share) in the first quarter, compared with $387,000 (5 cents per …
MINING MARKETS & INVESTMENT NEWS — Royal Oak’s performance worries analyst
Mining analyst Roger Chaplin of T. Hoare & Co. describes the 1997 results of Royal Oak Mines (RYO-T) as “disastrous” and sees little upside for the beleagured gold producer.Chaplin is not encouraged t…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Asia Pacific insiders unload shares
Recent issues of the Ontario Securities Commission’s OSC Bulletin show insiders of Asia Pacific Resources (APQ-T) were actively buying and selling its shares in March and April.Crew Holdings, holder o…