Major General tests targets
Having outlined two anomalies during a geophysical program, Major General Resources (MGJ-V) is preparing to carry out trenching and drilling on its Spider Lake base metal project near Schreiber, Ont.T…
News
Anglo American buys into Aussie nickel miner
Having advanced its Murrin Murrin nickel-cobalt mine and refinery to the commissioning stage, Australian-listed Anaconda Nickel is receiving a second vote of confidence from a foreign nickel producer….
NAME CHANGE (August 16, 1999)
Britannia Gold (BGP-V) has changed its name to Britannia Minerals (BM-V) on a 1-new-for-7-old-share basis.
INSIDER TRADING — Armada exec unloads shares
Recent insider trading reported by the Ontario Securities Commission in its OSC Bulletin includes the following:Armada Gold (AAU-T) — John Hopkins, director, sold 500,000 shares at 4 cents-5 cents pe…
Three aluminum giants enter into merger
In the biggest cosolidation move yet in the international aluminum industry, Alcan (AL-T) is taking the lead in a merger with two large European aluminum producers.The Montreal-based company announced…
George Lake project gets new lease on life
Unable to go it alone, Kit Resources (kit-) has enlisted the aid of Kinross Gold (K-T) to develop its George Lake gold project near Bathurst Inlet in Nunavut.Touted as one of the largest undeveloped p…
Ecuadorian hits high grade at Beroen
Junior Ecuadorian Minerals (EMC-T) has intercepted high-grade gold-silver values at the Beroen project in southwestern Ecuador.Results from the first four holes drilled on the Alejandra breccia encoun…
No Headline (August 09, 1999)
,HLME WHSE LEVELSMetal stocks (in tonnes) held in London Metal Exchange warehouses at Aug. 3/99 (change from July 27 in brackets):MetalStocks(tonnes)Change…
PRODUCER & DEALER PRICES (August 09, 1999)
Antimony: Mid-mkt US$1,195/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Recent trades US$60.00-90.00/t.Cobalt: Recent trades US$18.50-20.20/lb.Copper: Comex Sept. US$0.756/lb.In…
Excellon, Apex hot on Platosa
Partners Excellon Resources (EXN-V) and Apex Silver Mines (SIL-X) have tabled encouraging assay results from a drill program on the Platosa property in Mexico’s Durango state.The 11,600-acre property …
Teck expands drill program at Pogo
Favourable drill results from the Pogo gold project in central Alaska have induced operators to expand the program by 20,000 ft.The project is a joint venture between Teck (TEK-T) and the subsidiaries…
EDITORIAL & OPINION — Act in haste, rethink at leisure — Privatize and plunder
In a recent discussion paper entitled Time to Rethink Privatization in Transition Economies, John Nellis of The World Bank takes a sobering look at the results of privatization in transition economies…