Manalta issues poison pill to delay Luscar bid
The directors of Manalta Coal Income Trust have recommended that shareholders reject a $550-million takeover bid by Luscar Coal Income Fund, approving a shareholders’ rights protection plan to delay t…
News
River Gold boosts profit from Canadian mines
Higher production and lower operating costs translated into a strong second quarter for River Gold Mines (RIV-T).The Canadian gold miner earned $5.5 million (or 18 cents per share) in the three months…
EDITORIAL — Champion needed for licensure — Anyone listening?
Toronto’s status as the mining finance capital of the world is in danger of being undermined unless Ontario’s geologists, geophysicists and geochemists are licensed by a professional organization with…
OBITUARIES — Richard Thompson
Richard Thompson, owner of Connors Drilling, has died. He was 48.A native of Portage la Prairie, Man., Thompson graduated from the University of British Columbia in 1972 with a bachelor of science in …
Rift adds to African holdings
A letter-of-intent agreement sets the stage for Rift Resources (RIF-V) to acquire the Adi Nefas gold and polymetallic massive sulphide deposits near Asmara in the East African nation of Eritrea.Subjec…
Crystallex to bid on mine
Orphaned by the bankruptcy of Rea Gold, the San Gregorio mine in northern Uruguay has attracted the attention of Crystallex International (KRY-T).Crystallex announced it has “established the principle…
HBM&S launches program at Chisel North zinc deposit
Hudson Bay Mining & Smelting has announced a $17-million underground development program at its Chisel North zinc deposit near Snow Lake, Man.The company plans to drive a 2.6-km decline from the 140-m…
GREATEST VALUE TRADED (August 17, 1998)
ExchgVal($000s)HighLowCloseChangePlacer DomeT9149…
SPOT PRICES (August 17, 1998)
Wednesday Aug. 12, 1998Price (US)Week’s ChangeGold*$285.50-$3.35Silver*$ 5.25…
DIAMOND PAGE — SouthernEra forges ahead at Marsfontein
With their dispute over the Marsfontein farm settled, partners SouthernEra Resources (SUF-T) and De Beers Consolidated Mines (DBRSY-Q) have turned their attention to mining the high-grade M1 kimberlit…
DIAMOND PAGE — Merger talks put on hold
The proposed merger between Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A), both of which are exploring for diamonds in the Northwest Territories, has been placed on hold.In press releases, …
SUPPLIERS NEWS ROUNDUP — Agnico-Eagle unloads Cobalt mill
Agnico-Eagle Mines (AGE-T) has sold its Pell mill site in Cobalt, Ont., to the Canadian subsidiary of East Hampton, N.Y.-based Sabin Metal. Privately held SMC Canada picked up the former mill for an u…