Aur spills the beans: it bought shares in Inmet
Responding to speculation by market-watchers, Aur Resources (AUR-T) has confirmed that it has bought a large holding in Inmet Mining (IMN-T).Careful readers of Aur’s quarterly financial statements had…
News
SUPPLIERS NEWS ROUNDUP — Dynatec inks Mexican deal
Dynatec will let a Mexican mining company use its zinc leach recovery technique.Industrial Minera Mexico, which operates zinc mines throughout the country, is the latest firm in Latin America to sign …
Armada Gold deems Taseevskoe minable
A feasibility study on the Taseevskoe gold deposit in southeastern Russia has recommended refurbishment and expansion of the existing facilities, and production from an open pit.The study, by Kvaerner…
Study gives nod to Philippine nickel project
Based on a positive prefeasibility report by Kvaerner Metals, the Nowegian firm Mindex ASA is gearing up to advance its Sablayan nickel-cobalt project in the Philippines, with a view to beginning prod…
MOST ACTIVE ISSUES (August 24, 1998)
ExchgVolume(000s)HighLowCloseChangeNoranda IncT60…
Semafo, High Desert to merge
Under a merger agreement reached this week, West African explorer Semafo (SMF-T) will merge with royalty company High Desert Mineral Resources (HDR-V).High Desert shareholders will take away a 55% sta…
Grayd pulls VMS values from Dry Creek property
Grayd Resources (GYD-V) continues to hit impressive massive sulphide intersections at its wholly owned Dry Creek property near Fairbanks, Alaska.The company recently released results from seven drill …
COMMENTARY –A new approach to land use
Several jurisdictions across the country are engaged in consultations designed to develop plans for the future use of Crown land. Much of the struggle hinges on finding a balance between two apparent …
SUPPLIERS NEWS ROUNDUP — Knelson expands in BC
Knelson Concentrators has constructed an additional development laboratory in Langley, B.C.The Knelson Research and Testing Centre will test gravity recovery rates for local and international explorat…
McClean Lake approved
The Atomic Energy Control Board (AECB) has approved construction of the tailings storage plant at the McClean Lake uranium project in northern Saskatchewan.McClean Lake, which has a minable reserve of…
Correction (August 24, 1998)
In our Aug. 17-23 issue, we stated that 47,300 oz. gold was produced from the Canadian mines of River Gold Mines (RIV-T) in the first half of 1998 at a cash cost of US$296 per oz. The correct cash cos…
Atlas, Arizuma plan merger
Juniors Atlas Mining Company (ALSM-N) and Arizuma Silver (ARZS-C) have signed an agreement-in-principle to merge.Under the proposed plan, Atlas shareholders would hold 51% of the voting shares of the …