Southern Copper spins diamond interest
Cobre Sul Mineracao, the Brazilian diamond exploration subsidiary of Southern Copper (VSE), will be spun off into a separately traded company. Southern Copper believes shareholder value and access to …
News
ODDS’N’SODS — The ongoing need for funds
(Editor’s Note: Raising funds for exploration and development can be difficult at the best of times, and in any century, as is evident from the following correspondence concerning The Alaskan Bonanza …
New NASDAQ trading rules
The National Association of Securities Dealers Automated Quotation (NASDAQ) is about to become a fairer market for individuals, thanks to rules approved by the Securities and Exchange Commission in th…
Wiens addressing uranium forum
Saskatchewan’s minister of environment and resource management will address the 19th annual symposium of The Uranium Institute on Sept. 8 in London, England. Berny Wiens will open the first session of…
PEOPLE — NEW RIO RES.
Peter Dunfield appointed vice-president of corporate finance.
William negotiates Bharti acquisition
Montreal-based William Resources (ME) has negotiated a deal to acquire Bharti Laamanen Mining for $4 million. William plans to issue $3 million worth of common shares (3.5 million shares at 85 cents p…
COMMENTARY — Two coal industry visions
The coal industry’s most important task is to ensure that the economic advantages of coal are so overwhelming that they cannot be ignored or subjected to political whims. Let me try to give you two po…
Bolivian mining potential lures Canadian companies
Ross Beaty, former president of Equinox Resources, is back in action with a new junior company, Da Capo Resources (VSE), focused exclusively on Bolivia. “This is a country with strong mining tradition…
GOLD FUNDS (July 11, 1994)
BGR Central Net Value $17.22 $6.84 Price $15.68 $7.50 Premium 9.6% Discount 8.96% Value $139,879,000 $135,744,750…
EDITORIAL PAGE — Inflated expectations?
It isn’t surprising that people are perplexed over a resurfacing of inflation, as reported in the general press. Talk of inflation befuddles the average Canadian because, according to the official sta…
BHP reports $1.3-billion profit
The largest company in Australia, BHP, enjoyed record net profits of A$1.3 billion (US$924 million) for the fiscal year ended May 31. The result was an increase of 29.6% over the previous year and a r…
Casa Berardi operating again
A localized ground fall at the Casa Berardi mine in northwestern Quebec has claimed the life of a driller. Marco Germain, an employee at the mine since 1988, is survived by his wife and two children. …