Russia struggles with mine funding proposals
Proposals to restructure government financing deals for Russian gold producers in 1999 are meeting with resistance from other state agencies and miners themselves.Gokhran, a branch of the ministry of …
1998
Freeport cuts costs to pay down year-end debt
Freeport-McMoRan Copper & Gold (FCX-N) is tightening its belt to weather low copper and gold prices.The New Orleans-based major says it will lower operating costs, and capital and exploration expendit…
Nico deposit focus of preliminary exam
An independent scoping study on the Nico polymetallic deposit in the Northwest Territories is offering some holiday cheer to majority owner Fortune Minerals (FT-T).Situated in the Mazenod Lake distric…
CORRECTION (December 21, 1998)
In our Nov. 30 issue, we incorrectly stated that startup of the Diavik diamond project in the Northwest Territories was set for the second quarter of 2001. Startup is scheduled for the second quarter …
EDITORIAL & OPINION — Tailings management critical for miners — Being prepared
Each time a mainstream journalist rounds up the usual suspects and prepares a report on mining practices worldwide, tailings dam failures are invariably stressed. Even though the articles generally sh…
Pacific Rim boosts resource
The size of the Oculto silver-gold deposit in northwestern Argentina has expanded, reports Pacific Rim Mining (PFG-T).Reno, Nev.-based Mine Development Associates estimates that the deposit contains a…
GAC-MAC meeting set for spring
The joint meeting of the Geological Association of Canada and the Mining Association of Canada will be held May 26-28 at Laurentian University in Sudbury, Ont.The meeting will feature five symposia ra…
Franco-, Euro-Nevada pour gold at Midas
The royalty sisters have graduated to gold producer status. In early December, Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T), equal partners in the Midas joint venture, poured their first …
Metallurgical firms pursue new ventures
Several metallurgical firms have inked deals with mining companies in order to maximize benefits from processing technologies and expand into new business opportunities.An agreement between GeoBiotics…
INSIDER TRADING — Royal insiders buy shares
Recent filings with the U.S. Securities and Exchange Commission show that four executives of Royal Gold (RGLD-Q) picked up shares in September and October.Odin Howell, director, exercised 2,500 option…
TVI farms out Rapu Rapu
A group of companies controlled by Lafayette Mining, a publicly traded Australian company, has signed a joint-venture agreement with TVI Pacific (TVI-T) to acquire a 75% stake in the Rapu Rapu preciou…
GREATEST VALUE TRADED (December 21, 1998)
ExchgVal($000s)HighLowCloseChangePlacer DomeT5261…