Kvaerner to upgrade Thompson copper facilities
The engineering and construction arm of London-based Kvaerner has been awarded a $9-million contract to upgrade the copper production facilities at Inco’s division in Thompson, Man.The 3-stage project…
1999
Seahawk plans emerald mine in Brazil — Gross revenue projected to reach US$30 million per year
With encouraging drill results and a strong prefeasibility study, Seahawk Minerals (SKM-V) is moving ahead with development of its emerald project in eastern Brazil.The Englewood, Colo.-based company …
Donner explores ground near Lac Rocher project
In the Lac Rocher area of Quebec, Donner Minerals (DML-V) is exploring ground it has optioned from Falconbrige (FL-T) and Noranda (NOR-T).The $1-million field program will consist of geologi…
NAME CHANGE (July 05, 1999)
Athlone Resources (AT-V) has changed its name to Athlone Minerals (ATH-V) on a 1-new-for-1-old-share basis.
MOST ACTIVE ISSUES, June 23-28
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MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Firmer metals propel producers
The Dow Jones industrial average fell slightly during the report period ended June 28, closing down 66.48 points, or 0.6%, at 10,655.15.Metal producers perked up as the price of both copper and gold s…
EDITORIAL & OPINION — Innovation and culture — The Me Generation
The baby-boomers like to think they led the way, but it was really their parents — the Second World War generation — who entrenched innovation, entrepreneurship and individualism in North American c…
Manitoba shells out for exploration projects
The government of Manitoba will contribute $1.2 million to exploration projects in the province.The funding is part of the government’s Mineral Exploration and Assistance Program (MEAP), designed to a…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Winspear leads as VSE posts modest gains
During the holiday-shortened report period ended June 28, the Vancouver Stock Exchange composite index tacked on 5.75 pointts, or 1.35%, to close the week at 430.48. The mining index rose 3.70 points,…
Miramar tightens belt, looks to expand
With a strike behind it and cash in the bank, Miramar Mining (MAE-T) is looking to join the ranks of intermediate gold producers, the company’s president told shareholders at the annual meeting.The co…
LETTERS TO THE EDITOR — Blame Grits for gold’s woes
The recent precipitous drop in the price of gold is both damaging to some investors and alarming to the wider public.For centuries, gold has been an important yardstick by which we measure the wealth …
DIAMOND PAGE — Kennecott seeks diamonds near Wawa
Encouraged by northern Ontario’s newfound diamond potential, Kennecott Canada Exploration has signed a deal to earn majority interests in properties comprising more than 200,000 ha near the town of Wa…