Atlas, Arizuma plan merger
Juniors Atlas Mining Company (ALSM-N) and Arizuma Silver (ARZS-C) have signed an agreement-in-principle to merge.Under the proposed plan, Atlas shareholders would hold 51% of the voting shares of the …
News
FACTS ‘N’ FIGURES — IMF to hang on to gold
Although gold no longer has an official role to play in the international monetary system, it continues to serve an important function by underpinning the financial strength of the International Monet…
Nevsun expands gold deposit in Mali
Nevsun Resources (NSU-T) has boosted its resource estimate by 29% at the Tabakoto gold project in western Mali.The estimate is based on 250 diamond drill holes and 382 reverse-circulation holes. A cut…
Colorado junior to focus on Alaskan prospects
A little-known private company has signed an exclusive option agreement with Doyon Limited, an Alaskan native corporation, for a 25-property package totalling more than 7 million acres in the state’s …
SUPPLIERS NEWS ROUNDUP — Kvaerner named top engineer
Kvaerner has been named the world’s leading engineering firm in a list compiled by Engineering News-Record, a New York-based trade publication.The $10-billion, London-based company topped the list, en…
MINING MARKET & INVESTMENT NEWS — Mispec completes property deal
At a special meeting in mid-August, shareholders of Mispec Resources (MPE-M) voted to issue 20 million shares, thereby boosting ownership of the company’s Indonesian gold properties.Once completed, Mi…
MINING MARKET & INVESTMENT NEWS — Nebex deal in jeopardy
An inability to raise required financing has placed Nebex Resources (NBT-T) in breach of a definitive agreement to acquire the Munelle base metal concession in Albania.The Calgary-based junior was una…
SPOT PRICES (August 24, 1998)
Wednesday Aug 19, 1998Price (US)Week’s ChangeGold*$285.75+$0.25Silver*$ 5.10…
MINING MARKET & INVESTMENT NEWS – INVESTMENT COMMENTARY — Anglogold leads the way in international gold sector
An African lion roared on Wall Street this summer to signal the arrival of Anglogold as the newest listing on the New York Stock Exchange. Simon Beardsmore, gold analyst with T. Hoare & Co., says the …
METAL PRICES (August 24, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)1998Aug. 18Aug. 17Aug. 14Aug. 13…
Tri Origin tests anomalies Down Under
Partners Tri Origin Exploration (TOB-T) and Delta Gold of Australia have identified new gold occurrences and intersections at their equally shared Calarie property in New South Wales.Three holes, 1, 2…
Coal prices hit Hillsborough
The first six months of the year proved tough for Hillsborough Resources (HLB-T) in light of poor Asian economies, increased costs and lower coal prices.The company, which owns 63% of the Quinsam coal…