NEWS IN BRIEF (January 20, 1997)
Consolidated Cline Development (CFD-V) has changed its name to Cline Mining (CMK-V).
Articles by Northern Miner Staff
DIAMOND NEWS ROUNDUP — Radar looks to Saskatchewan
Radar Acquisitions (RAC-A) has acquired an option to buy two mineral claims in northern Saskatchewan, where prospective kimberlite indicator minerals have been found.The company plans to conduct an ai…
GREATEST VALUE TRADED, Jan. 8-14
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
GOLD FUNDS (January 20, 1997)
Gold Funds as of January 9, 1996BGRCentralNet Value$21.35$5.88Price$16.90…
STOCK MARKETS — Diamond plays add some zest to VSE
The Vancouver Stock Exchange composite index closed up 12.63 points at 1,191.02 for the report period ended Jan. 14, while the resource index finished at 2,264.75, off 11.99 points.Trade Wind Resource…
STOCK MARKETS — Base metals add power to TSE
The Toronto Stock Exchange’s composite 300 index rose 1.8% during the trading period Jan. 8-14, hitting a record high of 6054.86. The previous record was 6018.65, set on Nov. 28, 1996. It was the sixt…
Diamond drilling tests Balsam zinc-copper-gold property
A $425,000 exploration program is under way at the Balsam base metal property in the Hanson Lake area of northern Saskatchewan.The project is a 50-50 joint venture between Aur Resources (AUR-T) and Tr…
Santa Fe plans talks with Newmont
In a response to a second bid from Newmont Mining (NEM-N), Santa Fe Pacific Gold (GLD-N) has agreed to sit down and begin negotiations about a business combination between the two companies.Newmont of…
DIAMOND NEWS ROUNDUP — Lytton raises funds for N.W.T.
Lytton Minerals (LTL-T) is undertaking a private placement of 2 million common shares at a price of $3.00 per share.Proceeds will be used to finance ongoing diamond exploration and development program…
LETTER TO THE EDITOR — Miranda name may result in confusion
Miranda Industries is not the same company as Miranda Mining & Development, which is the company referred to in your issue of Dec. 30, 1996 (“Mexico sizzles for Miranda, Teck”). It is unfortunate that…
LME warehouse levels (January 20, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.13/97 (change from previous week in brackets):Aluminium968,500(+11,125)Copper131,475(-3,225)Lead117,650(-750)Nickel47,90…
FACTS’N’FIGURES — India’s untapped potential
Recent changes to India’s mining regulations are paving the way for increased foreign investment in that sector and a stronger Indian economy.At a recent conference in London, B.P. Baishya, India’s mi…