Leader Mining plans merger with Ariel —
Ariel’s previous merger attempt derailed after due diligenceCalgary-based junior Leader Mining International (LMN-A) is attempting to leap from explorer to producer by acquiring Ariel Resources (AU-T)…
1998
Sample tampering cited as likely at Bumbat-West project
A year ago, after a site visit to the Bumbat and Bumbat-West gold projects in Mongolia, The Northern Miner reported that “possible tampering” might explain why Mongolia Gold Resources (MGR-V) was unab…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — SouthernEra gets boost from diamond deal
A weakened dollar and continued instability in Asian markets contributed to the Toronto Stock Exchange 300 index’s loss of 391.72 points in the report period June 10-16. The index ended the period at …
Alcan group nixes Venezuelan buyout
The Alcan-Alcoa consortium has declined to submit a bid in the privatization of Venezuela’s aluminum companies, stating that the risks inherent in the current privatization process far outweigh the po…
Georgia seeking miners
The government of one of the least-mined of the former Soviet republics has called a tender for a complex mineral licence in hopes of attracting mining companies.With the tender, the Georgian Ministry…
Sunshine hits new high-grade silver vein
With recent drilling at the Pirquitas silver-tin deposit in northern Argentina having encountered new mineralization, Sunshine Mining & Refining (SSC-N) reports that the final feasibility study on the…
METAL PRICES — Daily Metal Prices (June 22, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJune 16June 15June 12June 11Jun…
MINING MARKETS & INVESTMENT NEWS — Aurizon Mines raises $7m for Casa Berardi
Vancouver-based Aurizon Mines (ARZ-T) has arranged a $7-million financing, proceeds from which will be used to acquire and explore the Casa Berardi gold mine in northwestern Quebec.The first installme…
COMMENTARY — Alaska gateway to Russia
Alaska and Russia share a relationship, and companies wishing to do business in eastern Russia should consider opening an office in Alaska.The most obvious advantage of Alaska-based offices for Russia…
PRODUCER AND DEALER PRICES (June 22, 1998)
Aluminium: LME settlements US$1,285.50, alloy US$1,215 per tonne (June 16/98).Antimony: Representative mid-market US$1,430 per tonne (June 15/98).Bismuth: Representative mid-market US$3.60 per lb. (Ju…
Barrick options more Queenstake ground
Building on its relationship with Queenstake Resources (QTR-T), Barrick Gold (ABX-T) has acquired options for majority interests inthe junior’s Uchcumachay and South Ancash gold properties in west-cen…
Meetings (June 22, 1998)
June 22, Alaska ApolloJune 22, AlhambraJune 22, AlmadenJune 22, AltavistaJune 22, BisonJune 22, Canadian ArrowJune 22, Christina GoldJune 22, Cons. Gold HawkJune 22, Cons. NevadaJune 22, Currie RoseJu…