Three killed in copter crash
Three people, including High River Gold Mines director Colin Chapman, were killed July 1 when a helicopter caught fire and crashed in southern Siberia.The other 13 passengers were injured, including H…
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OBITUARY — Colin Chapman
High River Gold Mines director Colin Chapman has died. He was 55.Chapman was born in Birmingham, England. He earned a B.Sc. in mineral processing from the Royal School of Mines in London in 1965, havi…
GREATEST VALUE TRADED (July 13, 1998)
ExchgVal($000s)HighLowCloseChangeInco LtdT60192…
MINING MARKETS & INVESTMENT NEWS – QUERY — A thriftier Cypango still chasing kimberlites in NWT
I am seeking information on a Northwest Territories diamond exploration company called Cypango Ventures. The company holds a large land position neighboring Dia Met Minerals’ diamond discovery. I am f…
ASIA — Java takes bath in Mongolia
Production at the Gazar placer operation of Java Gold (JVAG-C) in Mongolia got off to a rocky start in 1997, with just 457 oz. gold being produced from the start of operations in June to the end of th…
LETTER TO THE EDITOR — Canadian regulators should look to European examples
I read your articles about the new rules trying to protect investors from scams such as Bre-X Minerals and Delgratia Mining and was extremely surprised to find no reference of possible punishments.It …
Amex members approve NASD merger
The National Association of Securities Dealers (NASD) and the American Stock Exchange (Amex) are teaming up.Amex’s membership voted 622 to 206 in favor of joining the NASD family of companies. The com…
Quebec diamond plant opens
First Canadian Diamond Cutting Works, billed as Canada’s first fully integrated diamond cutting and polishing factory, has opened in Montreal.First Canadian has recruited experienced diamond cutters f…
MINING MARKETS & INVESTMENT NEWS — Placer offers to buy out Lassie Red Lake
Placer Dome (PDG-T) intends to take over junior Lassie Red Lake Gold Mines (LRLG-C) by increasing its ownership to 100% from the current 47.3%.Lassie owns five gold exploration claims adjacent to Plac…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Kettle River insiders increase holdings
According to reports by the Ontario Securities Commission (OSC), four insiders of Kettle River Resources (KRR-T) bought shares and were granted options of that company in June and May.Ellen Clements, …
Claimstaker teams with Jipangu at Blackdome mine
Privately owned Jipangu will pay $2 million for a 35% interest in the Blackdome gold mine, near Clinton, B.C. The Tokyo-based firm can increase this to 50% by spending an additional $1 million before …
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMETARY — Analyst looks for production boost at Nelson Gold’s operations
Gold projects in the former Soviet Union rarely deliver their riches to western companies without some associated heartache, but mining analyst Michael Jones of T. Hoare & Co. believes that Nelson Gol…