Companies (July 13, 1998)
AGC Americas GoldAlberta Star MiningAllican ResourcesAmblin ResourcesAmerica Mineral FieldsAMT International MiningAntares Mining & ExplorationArcon International ResourcesAsia Pacific ResourcesAtna R…
News
Procoloro shifts gears, picks up new properties
Procoloro Resources (PCH-M) has decided to shift its focus from gold exploration to chromite and ferrochrome development.At the company’s recent annual meeting, shareholders gave the corporate transfo…
COMMENTARY — Taking precautions overseas
.BT.J. O’ConnorThe global mining industry has undergone a major change over the past two decades, as improved political and economic conditions in mineral-rich developing countries have opened up new …
EDITORIAL — Not in my pristine backyard, thank you — Ghettoizing pollution
Environmentalists lobbying to have the Canadian government live up to commitments made at a conference on climate change held last year in Kyoto, Japan, might think twice about their efforts if they t…
Corner Bay plans program
Corner Bay Minerals (BAY-T) is set to carry out reverse-circulation drilling on the Alamo Dorado silver-gold property in Sonora state, Mexico.The program is designed to follow-up on results obtained f…
MINING MARKETS & INVESTMENT NEWS –Twin Gold seeks financing
Twin Gold (TWG-T) has closed a private placement of 873,948 units priced at 30 cents each, for proceeds of $262,184. Each unit consists of one common share and one share-purchase warrant. Each warrant…
TSE SHORTS (July 13, 1998)
Short positions outstanding at June 30, 1998Larger individual positions include: Barrick Gold 13,208,190, down 2,203,712; Boliden 47,400, down 1,679,616; Cornucopia Resources 0, down 201,100; Dakota M…
Samax, Semafo team up in Ghana
London-based Samax Gold (SMX-T) will team up with Montreal-based Semafo (SMF-T) to develop the latter’s Ebi-Teleku Bokazo gold property in southwestern Ghana.An agreement-in-principal would see Samax …
Quebec passes Law 182
Bringing to a close two years of review and consultation regarding the provincial mining act, the Quebec national assembly has passed legislation that simplifies the process of acquiring mining rights…
Kazakstan sending mixed signals to mining sector
The Kazakstani government has drafted a bill aimed at simplifying regulations for gold miners, but has scrapped value-added tax (VAT) exemptions for foreign companies operating there.The proposed legi…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Golds gain ground in quiet market
The Toronto Stock Exchange 300 index gained 45.21 points during the July 2-7 report period to finish at 7,454.60. While the metals and minerals sub-index fell 1.2% to 3,534.02, the gold and precious m…
SPOT PRICES (July 13, 1998)
Wednesday July 8, 1998Price (US)Week’s ChangeGold*$294.35- $1.40Silver*$ 5.33…