Procoloro shifts gears, picks up new properties
Procoloro Resources (PCH-M) has decided to shift its focus from gold exploration to chromite and ferrochrome development.At the company’s recent annual meeting, shareholders gave the corporate transfo…
1998
BHP takes major writedowns
Australia’s Broken Hill Proprietary (BHP-N) has written down the value of a large number of its assets.For the 1998 fiscal year ended May 31, BHP took writedowns totalling US$1.74 billion on a number …
Boliden blocked from Wolverine deal
The British Columbia Supreme Court has granted Atna Resources (ATN-T) a temporary injunction preventing Boliden (BOL-T) subsidiary Boliden Westmin from selling its 60% interest in the Wolverine joint …
COMMENTARY — Taking precautions overseas
.BT.J. O’ConnorThe global mining industry has undergone a major change over the past two decades, as improved political and economic conditions in mineral-rich developing countries have opened up new …
EDITORIAL — Not in my pristine backyard, thank you — Ghettoizing pollution
Environmentalists lobbying to have the Canadian government live up to commitments made at a conference on climate change held last year in Kyoto, Japan, might think twice about their efforts if they t…
Corner Bay plans program
Corner Bay Minerals (BAY-T) is set to carry out reverse-circulation drilling on the Alamo Dorado silver-gold property in Sonora state, Mexico.The program is designed to follow-up on results obtained f…
MINING MARKETS & INVESTMENT NEWS –Twin Gold seeks financing
Twin Gold (TWG-T) has closed a private placement of 873,948 units priced at 30 cents each, for proceeds of $262,184. Each unit consists of one common share and one share-purchase warrant. Each warrant…
MOST ACTIVE ISSUES (July 13, 1998)
ExchgVol(000s)HighLowCloseChangeWinspear ResV5104…
TSE SHORTS (July 13, 1998)
Short positions outstanding at June 30, 1998Larger individual positions include: Barrick Gold 13,208,190, down 2,203,712; Boliden 47,400, down 1,679,616; Cornucopia Resources 0, down 201,100; Dakota M…
TSE INDICES (July 13, 1998)
1998July 7July 6July 3July 2July 1HighLowComposit…
Samax, Semafo team up in Ghana
London-based Samax Gold (SMX-T) will team up with Montreal-based Semafo (SMF-T) to develop the latter’s Ebi-Teleku Bokazo gold property in southwestern Ghana.An agreement-in-principal would see Samax …
Quebec passes Law 182
Bringing to a close two years of review and consultation regarding the provincial mining act, the Quebec national assembly has passed legislation that simplifies the process of acquiring mining rights…