Aur aims to buy stake in Zaldivar copper mine
Aur Resources (AUR-T) has reached a deal with Outokumpu Base Metals to acquire the Finnish major’s half-interest in the Zaldivar open-pit copper mine in Chile.For US$265 million in cash and the assump…
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DIAMOND PAGE — Namibian Minerals adds to diamond output
Namibian Minerals (NMR-T) is expanding alluvial diamond production at its Luderitz Bay concession off the coast of Namibia.Production capacity in the NamSSol II marine mining system will be increased …
THE NORTHERN MINER – SMALL PRODUCERS INDEX
90.15 (-5.39)(Sept. 30/98 = 100)…
Cumberland finances work
Junior Cumberland Resources (CBD-T) has closed a non-brokered private placement of 1.5 million units priced at $1.70 each for net proceeds of $2.4 million.Resource Capital Fund subscribed to 1 million…
Etruscan on track at Samira
Shareholders of Etruscan Resources (EET-T) continue to receive heartening news from a feasibility study at the Samira gold project in Niger.Infill drilling continues to intersect long intervals of gol…
MOST ACTIVE ISSUES (December 07, 1998)
ExchgVol (000s)HighLowCloseChangePlacer DomeT8439…
Inter-Rock remains in the red
Inter-Rock Gold (IRO-T) continues to operate in the red, having lost $388,000 in the three months ended Sept. 30, compared with $369,000 in the similar period of 1997.Losses in the first nine months o…
SETTING NEW STANDARDS — The CIM definitions
The Canadian Institute of Mining, Metallurgy & Petroleum (CIM) is considering modifications to its classification system for defining the various categories of reserves and resources.The modifications…
Huge South African gold project could double Placer Dome reserves — US$235m deal part of plan to boost company to No. 1, says Willson
Placer Dome (PDG-T) has reached an agreement with Johannesburg-based Western Areas to acquire a 50% operating interest in a property in the Witwatersrand district of South Africa.The property contains…
SETTING NEW STANDARDS — Strict national disclosure rules envisioned
“Management is pleased to report drilling at the Golden Glow prospect has intersected minable widths of gold-bearing mineralization.”National Instrument 43-101 and its Companion Policy propose to put …
SETTING NEW STANDARDS — Questions & Answers
Q1.We realize that the final report will not be ready until sometime early next year. However, could you comment on the general response to the report and its key recommendations? Will these comments…
Verena Minerals, Ouro Brasil sign deal
A joint venture between Verena Minerals (VMCO-C) and Ouro Brasil (OOB-V) sets the stage for ongoing exploration of the Conceicao do Norte property, 500 km north-northeast of Brasilia, Brazil.Verena ha…