INSIDER TRADING — Cyprus execs exercise options
After accepting a takeover offer by Phelps Dodge (PD-N), executives of Cyprus Amax Minerals (CYM-N) exercised options worth millions.Jeffrey Clevenger, officer, exercised 237,500 options at US$10.13-1…
News
Bema finances Julietta as Refugio disappoints
A US$25-million financing agreement is allowing Bema Gold (BGO-T) to draw up construction plans for its 79%-owned Julietta gold-silver mine in Russia.Two European banks have agreed to put up the funds…
Peggy Witte aims for comeback
Margaret (Peggy) Witte, the founder and former head of bankrupt Royal Oak Mines, is hoping to make a comeback by reversing the flagging fortunes of Eden Roc Mineral (EDN-T).”It’s a fresh start for me …
Inco, government talks hint at deal — Hydrometallurgical plant may meet processing demand
Talks between Newfoundland’s minister of mines and energy and senior officers at Inco (N-T) continued in Toronto in late November, suggesting the two sides may be close to a deal allowing development …
Valerie explores property
Valerie Gold Resources (VLG-V) continues to explore its Santa Barbara property in eastern Ecuador while awaiting drill results from a 2,500-metre drill program.The 100-sq.-km property is 425 km south …
Tenke seeks funds for Argentine work
Lundin-led Tenke Mining (TNK-T) has arranged a brokered private placement with Pacific International Securities to sell up to 850,000 shares priced at 90 cents each.The $765,000 in proceeds will be us…
EXPLORATION ’99 – McKenzie Bay, Cambior explore Lac Dor deposit
Cambior (CBJ-T) has teamed up with London, Ont.-based junior McKenzie Bay International (MKBY-O, APPROVAL PENDING) to develop the latter’s Lac Dor vanadium-titanium deposit, 25 km southeast of Chibou…
EXPLORATION ’99 – Cantex eyes Queen of Sheba’s gold
Geologist Charles Fipke has traversed some of the most inaccessible parts of the globe in his search for mineral deposits, with his biggest success being the discovery of economic diamond deposits in …
EXPLORATION ’99 – Juniors continue hunt for Ontario PGEs
Exploration for platinum group elements (PGE) in the outback of northern Ontario is in full swing.At its East Bull Lake project, southwest of Sudbury, Mustang Minerals (MMIN-C) is following up on indu…
EXPLORATION ’99 – Berland eyes Saganash belt
in OntarioVancouver-based Berland Resources (BNL-V) and Falconbridge (FL-T) have teamed up to explore the Saganash greenstone belt, south of Kapuskasing, Ont.The joint-venture program, to be operated …
EXPLORATION ’99 – Corriente drills Mejicana Ridge — Forms joint venture with Lowell Mineral in Ecuador
Drilling by Corriente Resources (CTQ-T) is under way at two gold-copper projects in Argentina and at a highly touted copper play in Ecuador.At the Famatina gold project in Argentina, Corriente is dril…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Vancouver markets slump while Alberta heats up
The Vancouver Stock Exchange composite index dropped 6.22 points, finishing the week ended Nov. 23 at 386.77. The mining index also lost ground, shedding 2.48 points at 261.38. The combined value of t…