PEOPLE — TAKURA MINERALS (July 15, 1996)
Jeff Arnold appointed director and secretary.
News
Rio, Inmet bid for Peruvian play
Despite the recent decline in copper prices, Rio Algom (ROM-T) and Inmet Mining (IMN-T) have joined forces to bid for a large, high-grade copper prospect in the Peruvian Andes.The Antamina property, 4…
Nelson, Tajikistan reach agreement
The government of Tajikistan and Nelson Gold (NLG-T) have reached an agreement on the gold sales, royalties and taxes related to Nelson’s operations in the country.Production from Nelson’s 49%-owned Z…
PEOPLE — TRANS ATLANTIC (July 15, 1996)
Arvin Singh appointed director.
Consortium will develop Vasilkovskoye
A licence has been issued to a 3-company consortium selected by the government of Kazakhstan to explore and develop the Vasilkovskoye gold deposit.The deal, subject to completion of contract documenta…
Arequipa Res. advances Pierina property
With three rigs turning on the Pierina gold property in north-central Peru, Arequipa Resources (AQP-T) is half-finished a program consisting of 5,000 metres of reverse-circulation (RC) and diamond dri…
Copper markets still shaky following Sumitomo debacle
The crash in the copper market, set off, in an attempt to bolster the metal’s price, by Sumitomo copper trader Yasuo Hamanaka, has left the world’s metal-trading floors shaking. The industry had known…
Three-way merger gets thumbs-down
A proposed merger between Great Lakes Minerals (GKM-T), Santa Cruz Gold (SCG-T) and Manhattan Minerals (MAN-T) has been sidelined by the results of due diligence investigations.The companies agreed no…
DIAMOND PAGE — Rex Diamonds reports earnings
The sale of diamonds from Rex Diamond Mining’s (REXD-C) South African operations generated revenue of US$16.8 million for the fiscal year ended March 31, 1996. Net earnings for the period amounted to …
Producer Prices (July 08, 1996)
ALUMINIUM: LME settlement US$1,471 per tonne (July 3, 1996).ANTIMONY: Composite free market, US$2,875 per tonne (July 2, 1996).BISMUTH: Composite free market US$3.54 per lb. (June 28, 1996).CADMIUM: C…
Scotland to open first gold mine
Scotland will soon join the ranks of gold producers, as Caledonia Mining (CAL-T) prepares to cut the ribbon on its US$11-million Cononish underground gold mine.Situated near the town of Tyndrum in the…
COMMENTARY — Tumbler Ridge does its bit
The author is mayor of the district of Tumbler Ridge, B.C. This letter was sent to every mayor in British Columbia in support of that province’s Mining Week, which ran May 13-19. At the request of Kee…