Cluff Lake to shut down at turn of century
Saying that uranium prices are too low to sustain mining, Cogema Resources has moved up the anticipated closure of the Cluff Lake mine in northern Saskatchewan.The mine is now expected to close at the…
1998
Kimberlites discovered in Wyoming
A kimberlite deposit has been found in the Iron Mountain district of Wyoming, about 55 km northwest of Cheyenne.The garnets recovered from the kimberlite were classified as either G9 and G10 following…
MOST ACTIVE ISSUES (August 31, 1998)
ExchgVol000s)HighLowCloseChangePlacer DomeT5554…
BHP backs nickel search
First Australia and Indonesia, then New Caledonia, and now China. The list of countries vying to lure North American companies to explore and develop nickel deposits continues to grow, adding to fears…
Raiders target Rayrock
In bear markets, some companies are worth more dead than alive. That appears to be the hard-nosed rationale behind Quest Ventures’ effort to gain control of Rayrock Resources (RAY-T), in which it hold…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Making the grade
I became an assistant mine inspector on March 1, 1916, at which time I moved my family to Sudbury.I was prepared to take it easy for a few days, but on my first day, before breakfast, Tom Sutherland, …
First Dynasty still in red
Though still in the red, First Dynasty Mines (FDM-T) managed to improve its bottom line in the first half of the year.The Singapore-based company lost US$4.5 million in the 6-month period ended June 3…
EDITORIAL & OPINION — Courts ignore greater public good — Usurping democracy
We were heartened that the issue was discussed at all, because a public debate is certainly warranted. Even so, we were less than impressed with the conclusion, proferred by some respected Canadians, …
LETTERS TO THE EDITOR — National standard urged for qualified persons
Per your editorial “Anyone listening?” (T.N.M., Aug. 17-23/98), we are listening from the trenches and the diamond drill sites. We do need some reasonable qualification that can be policed in order to…
GOLD FUNDS (August 31, 1998)
Gold Funds as of Aug 20, 1998BGRCentralNet Value$12.92$5.98Price$9.30$5.8…
CORRECTIONS (August 31, 1998)
In our Aug. 24-30 issue, we stated that the San Martin deposit of Mar-West Resources (MSR-V) had preliminary metallurgical recoveries ranging from 40% to 80% gold. The correct range is 70-80%.
MINING MARKETS & INVESTMENT NEWS — QUERY — Juniors out of action
I hold common shares of Orecan Explorations and, having done some research, have found little information about the company. I would also like to know what happened to Canreos Minerals, and where this…