Avondale drops Inco project
After completing over $2.5 million in expenditures on the Inel property, Avondale Resources (VSE) has elected to terminate its option agreement with Gulf International Minerals (VSE). Under the terms …
News
Vangold reactivated
After lying inactive, Vangold Resources (VSE) is back in business with the completion of a private placement of 300,000 flow-through shares at a price of 50 cents per share. Non-transferable share pur…
Atlanta allows Newmont option
Shareholders of Atlanta Gold (TSE) voted in favor of optioning the company’s Idaho properties to a unit of Newmont Mining (NYSE). Newmont can earn a 51% interest by making staged cash payments totalli…
GOLDFUNDS (January 07, 1990)
MVP BGR Central Net value $9.52 $5.40 Price $8.13 $4.900 Discount 14.60% 9.3% Value $56,655,075 $82,439,070…
Asarco buys out Wiluna partner
The Australian subsidiary of Asarco (NYSE) has acquired full ownership of the Wiluna gold mine in Western Australia. Asarco Australia, 60% owned by its New York-based parent, bought the 50% interest i…
Ways to attract qualified recruits
Patrick MacCulloch will address the audience at a dinner sponsored by the Toronto branch of the Institute of Mining, Metallurgy and Petroleum, Jan. 24. Billed as a “students’ nite,” the meeting focuse…
Quintette seeks major concessions from creditors
A reorganization plan filed with the Supreme Court of British Columbia by Quintette Coal reveals the company is asking its creditors to write off in the order of $485 million in debt. The writeoff wou…
Asarco provides Missouri grant
A US$150,000 grant over a 5-year period is being provided by Asarco (NYSE) to the University of Missouri-Rolla School of Mines and Metallurgy to establish the Asarco Endowment Fund. The fund will be u…
Base metals face difficult year in 1991, long-term outlook better,
Mining analysts expect 1991 to be a difficult year for base metal producers as the western world enters a period of slower economic growth. “A weakening western world economy will not be good for meta…
Essays on mine planning, design
This collection of proceedings, delivered at a conference organized by the University of Calgary in Alberta, covers mine planning, mine design, production technology and geotechnical engineering for s…
New technologies to refine gold, pgm
The Department of Mining & Metallurgical Engineering at McGill University will hold a seminar, April 29-May 1. Topic is “refining and recycling of precious metals — a technology update.” The seminar …
Sikaman completes private placement
Sikaman Gold Resources (TSE) of Toronto says it has completed arrangements for a $600,000 private placement for a 12% convertible redeemable debenture But as the company has received additional commit…