Glamis-Eldorado marriage unlikely
The hostile takeover of Eldorado (TSE) by Glamis Gold (TSE) is on the rocks.In an eleventh-hour move, Glamis withdrew its application before the Ontario and British Columbia Securities Commissions, re…
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Adex pleased to nab producer
Ownership of the Mount Pleasant polymetallic mine in New Brunswick has changed hands.Adex Mining (TSE) acquired all of the shares of Piskahegan Resources, which holds a 100% interest in the mine prope…
Inmet pulls plug on Copper Range plant
Excessively high capital costs have forced Inmet Mining (TSE) to shut down and re-evaluate the Copper Range operation in Michigan.Mining and milling at Inmet’s 80%-owned facility will cease in late Se…
Puerto Rican gov’t outlaws open-pit miners
The government of Puerto Rico has banned open-pit extraction of metals, and North America’s mining industry is not amused.Indeed, one American company, USMX (TSE), is taking the matter personally.”No …
Pangea projects catch eye of African majors
It was only a matter of time before South Africa’s major mining companies became interested in the opportunities being aggressively developed in their own backyard by North American juniors.In the spa…
Ego Resources churning out cobalt at Ontario plant
A cobalt recovery plant operated by Ego Resources (TSE) is now in business, employing 50 people and producing 300 to 500 lb. of the metal per day.Situated in Cobalt, Ont., the $14-million hydrometallu…
Drilling extends gold zones at Bolivar’s Tomi prospect
Drilling on the Tomi concession in Venezuela’s Bolivar state is resulting in the extension of gold-mineralized zones.Preliminary estimates by Bolivar Goldfields (TSE) put the minable resource at 3.7 m…
Avalon drilling at Tarp Lake
A first phase of drilling by Inmet Mining (TSE) is under way on the Tarp Lake gold project near Pickle Lake, Ont. The program is being funded by junior Avalon Ventures (VSE), which can earn a 49% inte…
Investment funds still eye metals, CRU commodity study reveals
The investment funds that piled into aluminum, copper and other metals between late 1993 and early 1995 are here to stay, according to a study by CRU International, a business consultant in metals and…
ODDS’N’SODS — Feeling no pain in Red Lake, Ont.
Prospector Sandy McIntyre discovered and staked the McIntyre Porcupine mine in Timmins, Ont., in 1909. Seventeen years later, he joined the Red Lake gold rush, entering town on snowshoes from the rail…
EDITORIAL PAGE — The Yellowknife strike revisited
The labor dispute that divided the community of Yellowknife, N.W.T., and ended in the 1992 murder of nine miners at the Giant gold mine, is the subject of several books, either published or in progres…
African countries facing challenges
The integration of African nations into the global economy has enhanced their prospects for growth, according to Michel Camdessus, managing director of the International Monetary Fund.Even so, he says…