Cost-cutting Inco stays the course
Though encouraged by the recent buoyancy of nickel prices, Inco (N-T) remains determined to lower production costs as it strives to return to profitability.For the first quarter of 1999, Inco posted a…
News
Anatolia expands in Turkey
Junior Anatolia Minerals Development (AMCD.U-C) has acquired a new property in central Turkey, adding to its large holdings in that country.The 100,000-ha Ilich property, situated 120 km southeast of …
QUERY — D’Aragon ended up in the soup
I am the holder of a 100-share certificate (par value $1 per share) from D’Aragon Mines Limited, dated Aug. 17, 1955. D’Aragon was incorporated under the Ontario Companies Act. The certificate, conter…
Ashton finds more micros in new Buffalo Hills pipes
Microdiamond analyses of samples from four new kimberlite pipes found in the Buffalo Hills region of northern Alberta have determined that three of the pipes are diamondiferous.Ashton Mining of Canada…
Rapu Rapu advances to feasibility stage
Australian-based Lafayette Mining is proceeding with a preliminary feasibility study at the Rapu Rapu polymetallic project in the Philippines.The company heads up a group that can earn a 75% interest …
Abacus expands La Manchuria project
Abacus Minerals (AMC-V) has tabled encouraging reverse-circulation drill results from its La Manchuria gold-silver project in southern Argentina.Drilling has delineated a 450-metre-long system contain…
Thundermin, Queenston tackle Duck Pond
Juniors Thundermin Resources (THR-T) and Queenston Mining (QMI-T) are teaming up to explore the Duck Pond polymetallic property in west-central Newfoundland.Comprising 11,796 ha and situated 30 km sou…
Monopros finds kimberlite outside Kennady Lake
Monopros has discovered a new kimberlite body 12 km northeast of the Kennady Lake cluster of pipes on the AK property in the Northwest Territories.The exploration arm of De Beers Consolidated Mines (D…
Cameco enters deal with Cogema Resources
For $243 million and a pretax gain of about $63 million, Cameco (CCO-T) has sold interests in three uranium projects in northern Saskatchewan to French government-owned Cogema Resources.Cogema acquire…
Companies (May 17, 1999)
Abacus MineralsAber ResourcesAlberta EnergyAmerica Mineral FieldsAnatolia Minerals DevelopmentAnzex ResourcesArgosy MiningAshanti GoldfieldsAshton Mining of CanadaAsia MineralsAthlone Minera…
Minera Andes cuts high grade
Assay results from shallow drilling have confirmed high-grade gold-silver mineralization at the Huevos Verdes prospect in southern Argentina, reports Minera Andes (MAI-A).The first six angle holes enc…
Ashanti posts record quarter
West Africa’s largest gold miner, Ashanti Goldfields (ASL-T), achieved record production in the first quarter, while, at the same time, reducing cash costs to below what they were a year ago.The 402,1…