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…
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 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 …
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…
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…
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…
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….
Partners Auspex Minerals (APJ-V) and International Vestor Resources (IVS-V) have released initial results from surface drilling at the Aljustrel mining complex in south-central Portugal.Each company h…
The Vancouver Stock Exchange composite index took a nosedive during the report period ended Aug. 11, dropping 21.87 points, or 4.6%, to finish at 456.49. The mining index followed suit, plummeting 20….
Though still in the black, Noranda (NOR-T) saw its second-quarter earnings dip by more than 50%.For the three months ended June 30, the major earned $28 million (10 cents per share) on revenue of $1.5…
Aluminium: LME settlements US$1,291.50, alloy US$1,144 per tonne (Aug. 11/98).Antimony: Representative mid-market US$1,310 per tonne (Aug. 11/98).Bismuth: Representative mid-market US$3.55 per lb. (Au…
Hudson Bay Mining & Smelting has announced a $17-million underground development program at its Chisel North zinc deposit near Snow Lake, Man.The company plans to drive a 2.6-km decline from the 140-m…
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