Companies (June 08, 1998)
Ag Armeno Mines & MineralsAlberta EnergyAmerican Bullion MineralsAnglo AmericanArchon MineralsAshton Mining of CanadaAsia Pacific ResourcesAvminBlack Hawk MiningBMR GoldBorneo GoldBroken Hill Propriet…
News
London silver fix procedure altered
For the first time since its establishment in the 1890s, the London silver fix has undergone significant procedural changes.The changes, which took effect June 1, stipulate that all orders are to be c…
MOST ACTIVE ISSUES, May 27-June 2
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Prime shareholders unhappy with Homestake bid
Concerned that Homestake Mining (HM-N) has made a low-ball bid for the 49.4% interest of Prime Resources Group (PRU-T) that it does not already own, several shareholders spoke out against the offer at…
GEOLOGY 101 — Diamond deposits, Pt. 2
Diamonds fall into one of four categories. They are, in order of decreasing value: gem, near-gem, industrial and boart. Individual diamonds are measured in carats (1 carat equals 0.2 gram), whereas th…
Golden Bear awakens from winter sleep
Operator Wheaton River Minerals (WRM-T) has resumed production at the Golden Bear gold mine in northwestern British Columbia.The seasonal operation, which reentered production last August after severa…
FACTS ‘N’ FIGURES — World can’t get enough silver
Silver demand was robust in 1997, exceeding supply from mine production and scrap recycling by 198 million oz. and effecting substantial reductions in bullion stocks, according a report released by Wa…
MINING MARKETS & INVESTMENT NEWS – MERGERS & ACQUISITIONS — Redaurum eyes Centenary’s mining and smelting assets in Africa
By merging with Centenary Investments, diamond producer Redaurum (RRK-T) would acquire assets worth more than US$100 million, according to a valuation report by a Calgary-based consulting firm.Centena…
LETTER TO THE EDITOR — Touting BC’s ‘solid foundation’
The creation of the British Columbia Mining Initiative, announced by the provincial government on April 21, 1998, is a tribute to the commitment of B.C.’s mining executives to the future of the mining…
Carlin’s underground to be studied at Elko Expo
The newly formed Western Underground Mining Association (WUMA) will present the first Underground Mining conference, to be held June 18-19, during the 13th Elko Mining Expo in Elko, Nev.The conference…
BC mining rights act approved
A bill that supports the introduction of mining initiatives to attract investment and create jobs in the mining sector has been approved by the British Columbia legislature and now awaits final approv…
SUPPLIERS NEWS ROUNDUP — SNC, EMS win smelter contract
Montreal-based SNC-Lavalin, in a joint venture with Engineering Management Services (EMS) of South Africa, will manage the engineering, procurement and construction of the US$1.3-billion Mozal aluminu…