Australians buy a big slice of IOCC pie
Australian-listed North has struck a US$230-million deal for a 59.3% stake in Iron Ore Co. of Canada (IOCC), Canada’s largest producer of iron ore.The Melbourne-based company bought a 37.6% interest h…
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Copperstone closes private placement
Copperstone Resources (CPP-V) has closed a private placement of 800,000 special warrants.Proceeds of $680,000 will be used to pay down debt and finance a drill program on the Lucifer concession in the…
PEOPLE — INDOMIN (February 10, 1997)
K. McKechnie appointed chairman and chief executive officer.
PEOPLE — GOLD RESERVE (February 10, 1997)
James Geyer appointed senior vice-president of mining and technical activities; Richard Kehmeier appointed vice-president of exploration; and Mary Smith appointed vice-president of administration.
PEOPLE — FIRST INT’L
William Kocken appointed director.
PEOPLE — FIRESTEEL
Jeffrey Arnold appointed director.
PEOPLE — ERI VENTURES
J. Drever appointed president and director.
Ming suspends milling in Baie Verte, Nfld.
Mining and milling problems, combined with falling gold prices, have prompted Ming Financial (MF-A) to suspend production at its Rambler mill in Newfoundland’s Baie Verte Peninsula.The company, which …
PEOPLE — EMPEROR GOLD (February 10, 1997)
Anthony Kana appointed chief financial officer.
METAL PRICES — FREE MARKET (February 10, 1997)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateFeb. 4Feb. 3Jan. 31Jan. 30Jan. 29…
Ursa Major expands interests in Kazakstan
Junior Ursa Major International (URSA-C) has added a fourth gold property to its portfolio of mineral assets in Kazakstan.The Hamilton, Ont.-based company can acquire a 60% interest in the Nirinsk lic…
Sulliden drills turning at Red Cliff Pond
Diamond drilling by Quebec-based Sulliden Exploration (SUE-M) has begun at the Red Cliff Pond gold property in Newfoundland’s Baie Verte Peninsula.The junior can earn a 100% interest in the 1,440-ha p…