Noranda spins off assets
Acting on the approval of its shareholders, Noranda (NOR-T) has spun off its non-mining assets.For each share of Noranda owned at the end of Dec. 30, 1998, shareholders will receive: one new Noranda s…
Articles by Northern Miner Staff
Term loan to finance Red Lake expansion (January 11, 1999)
Three banks have entered an agreement to provide US$60 million to Goldcorp (G-T) for the expansion of its Red Lake mine in northwestern Ontario.The loan, to be provided by the Bank of Montreal, the Ba…
Meridian secures funds for El Peon — Current production rate expected to double (January 11, 1999)
Reno-based Meridian Gold (MDG-N) has secured funding for construction and development of the El Pe~non mine, near Antofagasta in northern Chile.Standard Bank of New York and Standard Bank London will …
Rubicon raises half a million (January 11, 1999)
Junior Rubicon Minerals (RMX-V) has closed a private placement of 1.5 million units priced at 35 cents each, resulting in gross proceeds of $545,000.Each unit consists of one share and one non-transfe…
MK Gold picks up Carlin-style project (January 11, 1999)
Salt Lake City-based MK Gold (MKAU-Q) has inked a joint-venture agreement with Phelps Dodge (PD-N) to explore the Diamond Valley property in northern Nevada.The junior can earn an 80% interest in the …
OBITUARY — Dennis Prince (January 11, 1999)
Geologist Dennis Prince, director of exploration projects for Falconbridge and a vice-president of the Prospectors and Developers Association of Canada (PDAC), has died. He was 52.Born in Newfoundland…
Eden Roc closes deal with Anglo (January 11, 1999)
Following up on their original announcement last June, Eden Roc Mineral (EDN-T) and South African major Anglo American have concluded a joint-venture agreement regarding the junior’s Ivory Coast prope…
No Headline (January 11, 1999)
Activist never studied law (January 11, 1999)
As a longtime reader of The Northern Miner, I would like to take this opportunity to thank you for the recent editorial “Scaremongering” (T.N.M., Oct. 5-11/98).To those of you who missed this gem, let…
LETTERS TO THE EDITOR — Gold more valuable than public perceives (January 11, 1999)
It is my belief that the role of gold has been greatly misunderstood, especially in recent years. Most people believe it is a relic of times gone by and is useful only in electrical applications and j…
MINING MARKETS & INVESTMENT NEWS — Barrick, Comaplex execs active (January 11, 1999)
Insider trading transactions recently reported by the Ontario Securities Commission in its OSC Bulletin include the following:AfriOre (AFO-V) — Harvey White, director, sold 20,500 shares at 52-69 cen…
LME WHSE LEVELS (January 11, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan. 5/99 (change from Dec. 29/98 in brackets):MetalStocks (tonnes)Change…