Cumberland ups holding in Meadowbank
Vancouver-based Cumberland Resources (cbd-t) has completed its previously announced acquisition of a further 40% interest in the Meadowbank gold project from Comaplex Minerals (cmf-t) (T.N.M., June 30…
News
Soup project canned in British Columbia
Based on results from this year’s drilling program, Vital Pacific Resources (vpr-v) has decided not to carry out a second phase of drilling at the Soup gold-copper property in northern British Columbi…
People — TENKE
Rudolf Mueller appointed director.
People — PARAMOUNT VENT.
Adrian Lungan appointed president; Paul Conroy appointed chairman; and Colin Orr Ewing appointed director.
People — BLACK HAWK
Ian Shaw appointed vp of finance and chief financial officer.
People — BHP MINERALS
John Grubb appointed senior vice-president for Zimbabwe.
NEWS IN BRIEF (August 11, 1997)
NCC Mining (NC-V) has changed its name to BMA Mining (BMA-V) on a 1-new-for-7-old-share basis.
LME WHSE LEVELS (August 11, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.4/97 (change from previous week in brackets):Aluminium625750(-5925)Copper240675(+20075)Lead119775(+375)Nickel54414(+282…
GOLD FUNDS (August 11, 1997)
Gold Funds as of July 31, 1997BGRCentralNet Value$18.26$5.51Price$13.80$5…
Newmont breaks record in quarter
Newmont Gold (ngc-n) is the first North American gold producer to have produced 1 million oz. in one 3-month period.During the second quarter, the company produced 1.03 million oz. It is now working t…
Kasese Cobalt inks loan plan for plant
As the political situation in central Africa continues to stabilize, more Canadian-based mining companies are advancing projects, which is having the effect of rebuilding the region’s mineral industry…
High Desert Minerals rolls in royalty interests
High Desert Minerals (hdr-v) has entered into a non-arm’s-length letter of intent to merge with Royal Hal, SLH and Gold Trend — private companies owned by Sean and Lee Halavais.The Halavaises are the…