TORONTO STOCK EXCHANGE INDICES (May 27, 1996)
1996 May 21May 20May 17May 16May 15HighLowComposite”300″5238.25N/A5220.505208.345212.955238.253983.34.Metals&Minerals5438.67N/A5466.615480.765529.915635.253273.56.Integrated Mine52…
News
SOUTHEAST ASIA SPECIAL — Chase projects attract major interest
Long before it was fashionable to explore for minerals in Southeast Asia, Chase Resource (TSE) had amassed an impressive portfolio of properties in the Philippines. In recent years, these projects hav…
Poor results deflate Cartaway
Disappointing assay results from one of its Labrador properties have brought skyrocketing Cartaway Resources (ASE) back to Earth, dragging the owners of neighboring properties back down with it.Assays…
SOUTHEAST ASIA SPECIAL — Goldstake working on Java
Although the attention of mining companies has been fixed on Kalimantan, it is worth remembering that all the islands of the Malay Archipelago were born of volcanism. And where there is volcanic actio…
SOUTHEAST ASIA SPECIAL — Jonpol and Indocan get permit
Junior partners Jonpol Explorations (TSE) and Indocan Resources (NASDAQ) report that the Indonesian government has confirmed ownership of their B Block, 16 km north of the Busang gold deposit.Jonpol h…
SOUTHEAST ASIA SPECIAL — Colony Pacific forms an alliance with Inco
Vancouver-based junior Colony Pacific Explorations (TSE) will form an alliance with Inco (TSE) to explore and develop mineral deposits in Indonesia.The alliance will be restricted to Sumatra, initiall…
CMCA announces new directors
The Canadian Mining Contractors Association has announced a new board of directors. The members were elected at the organization’s annual meeting in Edmonton, Alta.The board now includes: Robert Brown…
COMMENTARY — The Helms-Burton Act, Part 1
The U.S. Congress recently enacted the Cuban Liberty and Democratic Solidarity (Libertad) Act, also known as “Helms-Burton,” after its sponsors Senator Jesse Helms and Congressman Dan Burton. The Act …
STOCK MARKETS — Juniors take beating as resource markets struggle
Disappointing results deflated the resurgence of Labrador explorers, helping drag down the broader resource market over the report period ended May 21. The Vancouver Stock Exchange resource index lost…
PEOPLE — FIRST DYNASTY (May 27, 1996)
Marcus Randolph appointed president and director; Johannes Kotjo appointed chairman; T. Haddon, Marcus Randolph and Myron Goldstein appointed directors.
SOUTHEAST ASIA SPECIAL — Teck teams with Aussie partner
In Indonesia, six new contracts of work (CoWs) totalling 11,405 sq. km.have been awarded to Teck (TSE) and its Australian partner, Meekatharra Minerals.The companies hold a 90% interest in five of the…
Rupert and Glencairn shed 40% of Crocodile Tears
Partners Rupert Resources (VSE) and Glencairn Explorations (ASE) are vending a 40% interest in their Crocodile Tears property in northern Quebec to First Western Minerals (VSE).First Western can earn …