1999

Cambior to repay bill by June

In a deal struck with its lenders and hedge providers, Cambior (CBJ-T) will repay US$75 million of its US$212-million loan obligations by June 30, 2000.This interim payment is part of a preliminary ag…


Seahawk pulls emeralds from core

Infill drilling by Seahawk Minerals (SKM-V) has returned two large stones, each weighing 75 carats, from the Piteiras emerald property in Brazil.The company intercepted the walnut-sized stones in a 2….


Omolon repays debt financing

The Kubaka mine in far eastern Russia has enabled owner Omolon Gold Mining to repay US$50 million of the US$130 million in debt financing it received from the European Bank for Reconstruction & Develo…


JCI

Denver — Ashanti Goldfields (ASL-N) has submitted a restructuring plan, together with a financial and operating review, to its hedge counterparties and lending banks, extending to mid-December the fr…


CDNX bullish after first week jitters

Vancouver — After stumbling out of the starting gate last week, the new Canadian Venture Exchange (CDNX) index managed to gain some momentum, posting a gain of 46.93 points, or 2.4%, to finish the we…



EVENTS (December 13, 1999)

Jan. 23-24 Cambridge House Int’l — “Vancouver Investment Conference.” Hotel Vancouver, Vancouver, B.C. Phone: (604) 227-7722.Jan. 25-28 B.C. & Yukon Chamber of Mines — “Cordilleran Geology and Explo…


Namibian Minerals secures Nam II funds

A US$25-million loan paves the way for Namibian Minerals (NMR-T) to build a second offshore diamond mining platform and recovery plant.HSBC Equator Bank and Nedbank Africa (a division of Nedcor Bank) …


Surprise bid for Dukat

Vancouver — Plans by Pan American Silver (PAA-T) to start up the Dukat mine in far eastern Russia by mid-2000 have been derailed by another bidder for the Dukat mill building.At an auction held by ag…


Asia Minerals sets sights on Copperstone

Vancouver — Asia Minerals (AMP-V) is endeavouring to acquire the remaining 75% interest in the Copperstone joint venture in western Arizona. The vendor is Arctic Precious Metals, a wholly owned subsi…


South African group to consolidate under JCI banner

South Africa’s JCI group has unveiled a massive restructuring that will consolidate its various gold assets under a single entity, named JCI Ltd., which will be listed and domiciled in Toronto by next…


Book traces Ottawa mines

The Mines of Ottawa: A guide to the mineral deposits of Southeastern Ontario and Southwestern Quebecby John E. Udd, Ph.D.Published by CJ Multi-Media Inc.89 Ridgefi…


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