Oman looks to privatize its mining industry
As a gesture towards generating more investment in the private sector, the country of Oman plans to privatize its state-run mining concern.Oman Mining began life in 1973 as a partnership between the i…
1995
Cambior issues offer to buy Audrey
An offer to acquire all minority shares of Audrey Resources (TSE) has been filed by Cambior (TSE), which currently owns 75% of Audrey’s outstanding shares.Under the terms of the offer, 10.5 shares of …
Tiomin set to take over Cerro Colorado
Contractual details regarding development of the Cerro Colorado copper project in Panama have been resolved.After extensive negotiations, PanaCobre (a wholly owned subsidiary of Montreal-listed Tiomin…
Amax Gold plans more drilling for Gil claims
A second phase of drilling is scheduled for this autumn on the Gil claim block in the Fairbanks district of Alaska.Amax Gold (NYSE) owns 80% of the property through a subsidiary, while Teryl Resources…
STOCK MARKETS — Western markets gain as Labrador programs intensify
A breath of fresh air swept over the western markets for the report period ended Sept. 5. The Vancouver Stock Exchange composite index gained 25.46 points to finish at 864.99, while the resource index…
Investment Commentary — Anvil Range receives thumbs-up from analyst
With production of lead and zinc concentrates now under way at the Faro open-pit mine in the Yukon, Toronto-based broker Puccetti Farrell Capital continues to look favorably upon mine owner Anvil Rang…
PRODUCER PRICES (September 11, 1995)
ALUMINUM: MW U.S. market US87.5 cents-88.5 cents per lb. (August 24, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$3.75-3.85 per lb. (August 24…
Hemlo camp makes quiet progress
Exploration companies are active again in the Hemlo gold district of northern Ontario, working at a slower and steadier pace than their predecessors did in the early 1980s.About 85-90% of the greensto…
TSE to switch to decimal pricing
The Toronto Stock Exchange will be the first exchange in North America to move to decimal pricing.Under the current system, issues with prices above $5 trade in increments of one-eighth of a dollar. T…
NovaGold reaps royalty from Rambler (September 04, 1995)
A decision to proceed with development of the Rambler Tailings project near Baie Verte, Nfld., should infuse considerable cash into the coffers of NovaGold Resources (VSE).The company acquired the pro…
BHP starts drill program at Mexican copper project (September 04, 1995)
Drilling is under way on the Coahuila copper project in northeastern Mexico.BHP Minerals is earning a 70% interest in the property from Goldeneye Explorations, a private British Columbia company, by p…
Cutting woes for American Gem (September 04, 1995)
While Montana sapphire producer American Gem’s (TSE) placer mines and heat-treatment plant are both on stream, cutting the mined and treated stones is proving to be a major bottleneck. Company Preside…