DIAMOND PAGE — Nora tests Namibian concession
A marine diamond concession on the western coast of southern Africa has provided a new focus for Nora Exploration (nxi-m), a Montreal-based junior involved in several diamond projects in Africa.Earlie…
News
Glamis, Mar-West plan to tie knot — Merger would accelerate development of San Martin deposit
A proposed merger agreement would see Glamis Gold (GLG-T) acquire all the issued and outstanding shares of Mar-West Resources (MSR-V).Under the proposed arrangement, each Mar-West shareholder would be…
Russian diamond output stalls as new projects proposed
The Yakutia region of northeastern Russia produced cut and polished diamonds worth US$20 million in the first half of 1998.As a result of a shortage of rough diamonds, Tuimaada Diamond, the region’s l…
Luscar extends Manalta buyout offer — Manalta takes loan in hopes of keeping unit-holders on side
Luscar Coal Income Fund has revised its original offer to unit-holders of Manalta Coal Income Trust in its bid to take over Canada’s largest coal producer.Luscar has extended its offer to Aug. 28 and …
Ukrainian mine blast kills 24
A methane blast at a coal mine in eastern Ukraine has killed 24 miners, seriously injuring four others.Rescue workers have recovered 20 bodies since the Aug. 16 explosion at the 19th Communist Party C…
Meetings (August 24, 1998)
Aug. 31, AranleeAug. 31, Canadian MonoAug. 31, GoldmaxAug. 31, GronarcticAug. 31, Porcher Island GoldAug. 31, Red EngineAug. 31, RichmarkSept. 2, AquestSept. 2, CancorSept. 2, Cotton ValleySept. 2, Ne…
MINING MARKET & INVESTMENT NEWS — INSIDER TRADING — Fund expands holding in DiamondWorks
Roberston Stephens Investment Management, a large fund with numerous mining and mineral exploration interests, has increased its holdings in DiamondWorks (DMW-V). The fund, which is required to report…
NEWS ROUNDUP — Moss seeks advanced-stage projects
With exploration under way in Ontario’s Timmins camp, Moss Resources (MRS-T) says it plans to acquire advanced-stage gold and base metal projects that have the potential to become near-term producers….
Auspex, Vestor size up Aljustrel complex
Partners Auspex Minerals (APJ-V) and International Vestor Resources (IVS-V) have released initial results from surface drilling at the Aljustrel mining complex in south-central Portugal.Each company h…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Mining stocks slump as eastern markets get thumped –Campbell Resources heavily traded as junior seeks gold acquisitions
The big story of the Aug. 5-11 report period was the global market slump beginning Aug. 10. Fueling the bearish sentiments were continued worries about the economic climate in Asia, particularly Japan…
Aurizon boosts gold production
Despite weak gold prices, Aurizon Mines (ARZ-T) reported both record production and improved operating results for the quarter ended June 30.The Vancouver-based company boosted production to a record …
Breakwater suspends milling at El Toqui mine
Milling operations have been temporarily suspended at the El Toqui zinc mine in southern Chile while operator Breakwater Resources (BWR-T) implements a development and optimization plan.During the 3-m…