Three-way merger gets thumbs-down
A proposed merger between Great Lakes Minerals (GKM-T), Santa Cruz Gold (SCG-T) and Manhattan Minerals (MAN-T) has been sidelined by the results of due diligence investigations.The companies agreed no…
News
Consortium will develop Vasilkovskoye
A licence has been issued to a 3-company consortium selected by the government of Kazakhstan to explore and develop the Vasilkovskoye gold deposit.The deal, subject to completion of contract documenta…
Nelson, Tajikistan reach agreement
The government of Tajikistan and Nelson Gold (NLG-T) have reached an agreement on the gold sales, royalties and taxes related to Nelson’s operations in the country.Production from Nelson’s 49%-owned Z…
Copper markets still shaky following Sumitomo debacle
The crash in the copper market, set off, in an attempt to bolster the metal’s price, by Sumitomo copper trader Yasuo Hamanaka, has left the world’s metal-trading floors shaking. The industry had known…
Arequipa Res. advances Pierina property
With three rigs turning on the Pierina gold property in north-central Peru, Arequipa Resources (AQP-T) is half-finished a program consisting of 5,000 metres of reverse-circulation (RC) and diamond dri…
Rio, Inmet bid for Peruvian play
Despite the recent decline in copper prices, Rio Algom (ROM-T) and Inmet Mining (IMN-T) have joined forces to bid for a large, high-grade copper prospect in the Peruvian Andes.The Antamina property, 4…
Miners head back to work at Doyon
Mining operations at Cambior’s Doyon gold mine, near Rouyn-Noranda, Que., have resumed, following negotiations with workers there.Talks held with the United Steelworkers of America resulted in the ren…
BOOK BRIEF
The Canadian Institute of Mining, Metallurgy & Petroleum (CIM) has published a comprehensive reference on porphyry deposits of the northwestern Cordillera.Entitled Porphyry Deposits of the Northwester…
Tiomin advances Panamanian prospect
Drilling and construction by a team of more than 100 workers is under way at the Cerro Colorado copper deposit in Panama, reports property owner Tiomin Resources (TIO-T).By mid-August, Tiomin will be …
Spot prices at a glance (July 15, 1996)
Wednesday, July 10, 1996Price (US)Week’s ChangeGold*$383.40+ $0.90Silver*$ 5.12…
GSA publishes diamond report
The Geological Survey of Alberta has published the results of a study into the potential for diamond-bearing deposits in that province.Entitled The Diamond Potential of Alberta, the report includes: g…
LETTER TO THE EDITOR — Instability abroad threatens Canadian workers
Your obituary for Colin Spence does a disservice to our industry by not mentioning the cause of his death. I understand that he was shot in the leg while riding in a helicopter in the Philippines, and…