Companies (May 25, 1998)
Agnico-Eagle MinesAltius MineralsAmax GoldAnglo AmericanAnglogoldAnzex ResourcesApex SilverArian ResourcesAur ResourcesB.Y.G. Natural ResourcesBand-Ore ResourcesBanro ResourceBarrick GoldBattle Mounta…
Rio Algom Limited
Zemex takes run at Inmet Mining — Takeover offer of $5 a share “chintzy” says James
Fresh from the successful conclusion of negotiations to sell its interest in the Antamina copper project in Peru, Inmet Mining (IMN-T) now finds itself the quarry in a takeover bid.The offer comes fro…
WESTERN MARKETS AND INVESTMENT NEWS – EASTERN MARKETS — Plunging nickel, copper prices drag down majors
With the price of nickel nosediving US25cents over the past two weeks to US$2.20 per lb., both of Canada’s big nickel producers took hits over the report period ended May 19: Inco dropped $1.95 to $21…
Inmet sells Antamina stake to Noranda, Teck in $70m deal
Majors Rio Algom (ROM-T), Noranda (NOR-T) and Teck (TEK-T) are teaming up to develop the Antamina copper-zinc project in Peru.Noranda and Teck have each agreed to buy half of Inmet Mining’s (IMN-T) 50…
Golder contributes to program
Golder Associates, a mining consulting firm, has donated $15,000 to a campaign developed to increase public awareness and support of mining in Canada.The campaign, called The Great Canadian Mine Show,…
MINING MARKETS AND INVESTMENT NEWS — EASTERN MARKETS — Producers suffer falling metal prices, but TSE manages to hang on
The Toronto Stock Exchange 300 index sustained a minor loss during the report period May 6-12, dropping just 2.42 points to end at 7,717.70. The index, however, fared better than the gold and precious…
Companies (May 18, 1998)
Abacus MineralsAber ResourcesAdrian ResourcesAlberta EnergyAnglo AmericanAnglogoldAshanti GoldfieldsAshton Mining of CanadaAur ResourcesAurado ExplorationAurizon MinesBarrick GoldBattle Mountain Canad…
Companies (May 11, 1998)
Abacus MineralsAfrican Selection MiningArchangel DiamondAur ResourcesBarrick GoldBolidenBreakwater ResourcesBre-X MineralsCaledonia MiningCambiorCimarron MineralsCondor Int’l ResourcesDia Met Minerals…
FACTS ‘N’ FIGURES — Spending peak has passed
Spending on mineral exploration worldwide likely peaked in 1997, according to a report released by Halifax, N.S.-based Metals Economics Group.Entitled Corporate Exploration Strategies: A Worldwide Ana…
Rio Algom’s operations enjoy profitable quarter
While weak copper prices hurt its bottom line, Rio Algom (ROM-T) nevertheless turned in a strong quarter from an operational standpoint, with both increased copper production and lower cash costs.The …
Inmet looking for buyer for Antamina — Expansion planned for Troilus; Teck shares on block
Pressured by a September deadline to commit to the huge Antamina copper project in Chile, Inmet Mining (IMN-T) recently began talks with ten large base metal producers regarding a possible sale of its…
MINING MARKETS AND INVESTMENT NEWS – EASTERN MARKETS — TSE falls on possible rate increases south of border
Speculation that the U.S. Federal Reserve Board may soon increase interest rates sapped some life out of the Toronto Stock Exchange 300 index, which lost 197.85 points during the report period ended A…