Lac options Canadian properties
Long known for its large-scale projects in South America, Lac Minerals (TSE) has broadened its focus and resumed exploring for orebodies in Canada. First indications of this change were evident when L…
News
NEWS ROUNDUP — Shell selling Collahuasi stake
The one-third interest of Shell in the developing Collahuasi copper project in Chile will be offered for sale to the highest bidder among 12 selected mining companies. A Shell spokesman did not disclo…
Goldbelt Res. JV progressing
A private placement will give Goldbelt Resources (VSE) an initial $4.3 million to fund further development of its gold tailings joint venture in Kazakhstan. The junior is earning a half interest from …
Scintilore planning to raise funds with placement
Toronto-listed Scintilore Explorations is hoping to raise $600,000 through a private placement. The placement, which has yet to be approved by regulators, would consist of 600,000 shares at $1 a piece…
Southern Copper spins diamond interest
Cobre Sul Mineracao, the Brazilian diamond exploration subsidiary of Southern Copper (VSE), will be spun off into a separately traded company. Southern Copper believes shareholder value and access to …
ODDS’N’SODS — The ongoing need for funds
(Editor’s Note: Raising funds for exploration and development can be difficult at the best of times, and in any century, as is evident from the following correspondence concerning The Alaskan Bonanza …
New NASDAQ trading rules
The National Association of Securities Dealers Automated Quotation (NASDAQ) is about to become a fairer market for individuals, thanks to rules approved by the Securities and Exchange Commission in th…
Wiens addressing uranium forum
Saskatchewan’s minister of environment and resource management will address the 19th annual symposium of The Uranium Institute on Sept. 8 in London, England. Berny Wiens will open the first session of…
PEOPLE — NEW RIO RES.
Peter Dunfield appointed vice-president of corporate finance.
William negotiates Bharti acquisition
Montreal-based William Resources (ME) has negotiated a deal to acquire Bharti Laamanen Mining for $4 million. William plans to issue $3 million worth of common shares (3.5 million shares at 85 cents p…
COMMENTARY — Two coal industry visions
The coal industry’s most important task is to ensure that the economic advantages of coal are so overwhelming that they cannot be ignored or subjected to political whims. Let me try to give you two po…
Bolivian mining potential lures Canadian companies
Ross Beaty, former president of Equinox Resources, is back in action with a new junior company, Da Capo Resources (VSE), focused exclusively on Bolivia. “This is a country with strong mining tradition…