Mindoro explores Tiris
Junior Mindoro Resources (MIO-A) has begun a second phase of exploration at its Tiris gold property in Sumatra, Indonesia.Four drainage basins are being explored by means of soil, geochemical and geol…
1998
EDITORIAL — Get Voisey’s Bay talks back on track — Dj vu
Soon after being elected premier in 1972, Dave Barrett haughtily told mining companies that he wanted a copper smelter built in British Columbia to process resources so that greater benefits could flo…
Moris mine keeps Manhattan in the black
Gold production at the Moris mine in northern Mexico enabled Manhattan Minerals (MAN-T) to post earnings of $199,000 (or 1 cents per share) on revenue of $4.8 million for the first six months of 1998….
Royal Oak’s Kemess on track to reach targets
The newly opened Kemess gold-copper mine in north-central British Columbia is well on its way to meeting production targets, reports owner Royal Oak Mines (RYO-T).As a result of meeting assay specific…
DIAMOND PAGE — Nora tests Namibian concession
A marine diamond concession on the western coast of southern Africa has provided a new focus for Nora Exploration (nxi-m), a Montreal-based junior involved in several diamond projects in Africa.Earlie…
Glamis, Mar-West plan to tie knot — Merger would accelerate development of San Martin deposit
A proposed merger agreement would see Glamis Gold (GLG-T) acquire all the issued and outstanding shares of Mar-West Resources (MSR-V).Under the proposed arrangement, each Mar-West shareholder would be…
Russian diamond output stalls as new projects proposed
The Yakutia region of northeastern Russia produced cut and polished diamonds worth US$20 million in the first half of 1998.As a result of a shortage of rough diamonds, Tuimaada Diamond, the region’s l…
Luscar extends Manalta buyout offer — Manalta takes loan in hopes of keeping unit-holders on side
Luscar Coal Income Fund has revised its original offer to unit-holders of Manalta Coal Income Trust in its bid to take over Canada’s largest coal producer.Luscar has extended its offer to Aug. 28 and …
Ukrainian mine blast kills 24
A methane blast at a coal mine in eastern Ukraine has killed 24 miners, seriously injuring four others.Rescue workers have recovered 20 bodies since the Aug. 16 explosion at the 19th Communist Party C…
Meetings (August 24, 1998)
Aug. 31, AranleeAug. 31, Canadian MonoAug. 31, GoldmaxAug. 31, GronarcticAug. 31, Porcher Island GoldAug. 31, Red EngineAug. 31, RichmarkSept. 2, AquestSept. 2, CancorSept. 2, Cotton ValleySept. 2, Ne…
MINING MARKET & INVESTMENT NEWS — INSIDER TRADING — Fund expands holding in DiamondWorks
Roberston Stephens Investment Management, a large fund with numerous mining and mineral exploration interests, has increased its holdings in DiamondWorks (DMW-V). The fund, which is required to report…
NEWS ROUNDUP — Moss seeks advanced-stage projects
With exploration under way in Ontario’s Timmins camp, Moss Resources (MRS-T) says it plans to acquire advanced-stage gold and base metal projects that have the potential to become near-term producers….