PEOPLE — Aquest (May 03, 1999)
Robert Young appointed director.
News
GOLD FUNDS (May 03, 1999)
Gold Funds as of April 22, 1999BGRCentralNet Value$14.055.72Price$9.40$5.
Cominco looking for new deal at Highland
The Highland Valley copper mine in southern British Columbia will close its doors on May 15, unless the owners can negotiate significant wage and power concessions to keep the mine operating profitabl…
Compromise sets stage for national junior exchange
The timeless wisdom of Solomon has helped settle a jurisdictional wrangle over where to locate Canada’s new junior stock exchange.Officials from the Vancouver and Alberta Stock Exchanges (VSE and ASE)…
TSE INDICES (May 03, 1999)
1999Apr. 27Apr. 26Apr. 23Apr. 22Apr. 21HighLowCom…
Companies (May 03, 1999)
AnglogoldArgentina GoldArgosy MiningAsarcoAshanti GoldfieldsAshton MiningAtna ResourcesB.Y.G. Natural ResourcesBarrick GoldBattle Mountain GoldBolidenBroken Hill ProprietaryCaldera ResourcesCalliope M…
DIAMOND PAGE — Montello, Kennecott form Manitoba alliance
Alberta diamond explorer Montello Resources (MEO-A) and Kennecott Canada Exploration are expanding their joint-venture relationship to include diamond reconnaissance exploration in Manitoba.Kennecott …
Ourominas now Thistle Mining
A 10-for-1 consolidation of capital and a name change to Thistle Mining (THT-T) have capped the recent refinancing of Ourominas Minerals (OMI-T).The company, which will be converting from an explorati…
TVX forms partnership with Normandy — Development of Olympias to precede Skouries
In a move aimed at cleaning up its balance sheet and financing its overseas projects, TVX Gold (TVX-T) has formed a partnership with Australia’s largest gold producer.The mid-tier producer is selling …
DIAMOND PAGE — Kennecott discovers kimberlite on Ice
Halfway through a $4.1-million drilling campaign that is testing 30-35 targets on ground shared with Tahera (TAH-T), Kennecott Canada Exploration has made its first kimberlite find.A vertically drille…
Gresik smelter starts up
Freeport-McMoRan Copper & Gold (FCX-N) has sold its first batch of copper cathode from the Gresik smelter and refinery in Java, Indonesia.The smelter is operated by P.T. Smelting, which is 70%-control…
Asarco agrees to pay penalty
Asarco (AR-N) has agreed to pay US$5.5 million in environmental penalties without admitting wrongdoing.The company has also committed to spend US$2.2 million for additional cleanup projects at its ope…