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…
News
Cambior may sell Carlota
Denver — Faced with a heavy debt load, Cambior (CBJ-T) is considering selling its Carlota open-pit copper project in Arizona.In September, a Federal District Court in Arizona upheld a record of decis…
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…
Northern Orion restructures debt with Miramar’s help
Vancouver — Northern Orion Explorations (NNO-T), further in the red following a series of writedowns attributed to its Mantua gold operation in Cuba, has arranged a refinancing with parent Miramar Mi…
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…
Native co-operation key for future
In the 20th century, the government has entered into treaties with Aboriginal peoples, mainly in northern regions, in response to settlement and mineral discoveries. In 1982, the country underwent sig…
Gabriel on trail of Transylvanian treasure
A junior company holding a land package with 15 known mineral deposits, three working mines and several dumps is bound to attract attention. Mike Jones of T. Hoare Canaccord is one of a growing number…
INDEX (December 13, 1999)
Anglo American1Ashanti Goldfields16Asia Minerals3Barnato Exploration1Blackstone Resources15Broken Hill Proprietary13Cambior16Cnsldtd Afric…
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) …
Wolfden, Jonpol test Pickle Crow property
Partners Wolfden Resources (WOLF-C) and Jonpol Explorations (JON-T) continue to test the past-producing Pickle Crow gold mine property, 12 km northeast of Pickle Lake in northwestern Ontario.By year-e…
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…