PEOPLE — OroGrande (August 16, 1999)
G.E. (Tim) Wood appointed president and CEO.
News
PEOPLE — Gold Summit
Anthony Roodenburg appointed director.
PEOPLE — Corker (August 16, 1999)
Gordon Hoy appointed president, CEO and director; James Morrice appointed vp land; Bruce Gigg appointed vp engineering and development; Richard Rathier appointed vp exploration; A.E. Barroll, G.W. Phi…
PEOPLE — Bolivar
Ian Ward appointed director.
PEOPLE — Battle Mountain (August 16, 1999)
Ian Atkinson appointed vp operations and exploration.
Dayton tables quarterly loss
Record production at the Andacollo gold mine in Chile was not enough to prevent Dayton Mining (DAY-T) from incurring a loss in the second quarter.The company lost US$433,000 on revenue of US$10.2 mill…
Anglo American buys into Aussie nickel miner
Having advanced its Murrin Murrin nickel-cobalt mine and refinery to the commissioning stage, Australian-listed Anaconda Nickel is receiving a second vote of confidence from a foreign nickel producer….
Three aluminum giants enter into merger
In the biggest cosolidation move yet in the international aluminum industry, Alcan (AL-T) is taking the lead in a merger with two large European aluminum producers.The Montreal-based company announced…
Maracote dumps Halley
Following lacklustre drill results, Maracote International Resources (MCE-V) has dropped its option to acquire an interest in the Halley gold-silver property in south-central Peru.Assay results from t…
EDITORIAL & OPINION — A one-of-a-kind alluvial deposit? — Mining for miracles
A century ago, the poet Robert Service observed that there are “strange things done in the midnight sun by the men who moil for gold.” Had he met the boys from Busang, he could have added a few new st…
METAL PRICES (August 16, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateAug. 10Aug. 9Aug. 6Aug. 5…
Ashanti lays off at Obuasi
Falling gold prices have forced Ashanti Goldfields (ASL-N) to lay off more than 2,000 workers at the Obuasi mine in southwestern Ghana.The move is designed to save the company US$7 million annually, l…