Alberta Stock Exchange Eden Roc gets financing
Following the release of a new reserve estimate for its gold property in Ivory Coast, Eden Roc Mineral has managed to line up financing to develop the project. The Africa Growth Fund has agreed to inv…
Articles by Northern Miner Staff
Fund pledges US$2.5m for Marshall’s Ivory Coast bet
Marshall Minerals (ASE) and 67% owned subsidiary Eden Roc Minerals (ASE) have made some headway in their bid to finance construction of a heap leach gold mine on the Ivory Coast of West Africa. Accord…
Imperial breaking even
Net earnings for the quarter ended Sept. 30 put Imperial Metals (TSE) at the break-even point with a gain of $40,000 on revenues of $1.1 million. The company reported a loss of $165,000 for the six mo…
Ways to attract qualified recruits
Patrick MacCulloch will address the audience at a dinner sponsored by the Toronto branch of the Institute of Mining, Metallurgy and Petroleum, Jan. 24. Billed as a “students’ nite,” the meeting focuse…
Marine geologist given UNB chair
Larry Mayer, 38, a marine geologist, has been named the first holder of University of New Brunswick’s (UNB) newly created chair in ocean mapping. An associate professor of oceanography at Dalhousie Un…
INSIDER TRADING Teddy Bear exec. granted options
Teddy Bear Valley Mines (COATS) director Herbert Mendel has joined a small group of mining insiders who may benefit financially from any future developments at the Lightning zone gold discovery near M…
Phelps Dodge drills confirm extension of Morenci mine
Phelps Dodge (TSE), the free world’s second largest copper producer, has identified an interesting-looking extension to the main orebody at its Morenci copper mine in Arizona. Vice-President Thomas Fo…
Contract ratified by Hudson Bay employees
About 61% of the 1,600 union employees at Hudson Bay Mining & Smelting’s (TSE) Flin Flon and Snow Lake operations in Manitoba recently voted in favor of a new 3-year wage contract. While the previous …
Montreal Exchange Low holiday volumes
Low daily trading volumes, in the 2-million-share range, marked a week shortened by the year-end holidays. Both the market portfolio and the mining and minerals index managed advances during the week …
Quintette seeks major concessions from creditors
A reorganization plan filed with the Supreme Court of British Columbia by Quintette Coal reveals the company is asking its creditors to write off in the order of $485 million in debt. The writeoff wou…
Chutine funding
Chutine Resources (VSE) says it raised almost $853,400 through two private placements. The company sold about 2.3 million units at 37 1/2 cents per unit. Each unit comprises one common share and one n…
Val d’Or buys gypsum property
A gypsum property in northwestern Ontario has been purchased by Val d’Or Resources (ME) of Val d’Or, Que. President Pedro Cardoso said the group of 40 claims is known to host gypsum mineralization at …