PEOPLE — Maximum Ventures
Douglas Brooks appointed director.
1999
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Arfiore, DiamondWorks execs active traders this spring
Recent insider trading reported by the Ontario Securities Commission in its OSC Bulletin includes the following:Afriore (AFO-V) — Harvey White, director, bought 102,000 shares at 90 cents-$1.20 and s…
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — De Beers expected to rebound as Asia recovers
The chance of a recovery in the jewelry market and new strategies in marketing could push diamond producer De Beers Consolidated Mines (DBRSY-Q) back up following two years of poor results.Analyst Rog…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Archangel takes flight in sluggish market
The Vancouver Stock Exchange composite index dropped 10.65 points, or 2.4%, to finish the week ended July 13 at 429.61. The mining index followed suit, losing 8.96 points, or 3%, to close at 287.98.Me…
EDITORIAL & OPINION — COMMENTARY – Sales will harm African miners
Dear President Clinton,South Africa has inaugurated its second democratically elected president, Thabo Mbeki. Among the challenges he faces is the terrible shock tohis country’s economy caused by the …
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold reaches 20-year lows during summer slump
Gold prices touched new 20-year lows during the July 7-13 report period, losing 60 cents to hit US$255.60 per oz. on the London morning fix ofJuly 14.Although there was relatively little activity in t…
DIAMOND PAGE — Bulk sampling planned
Positive results from a sampling program have prompted the Australian partner of Consolidated Trillion Resources (TLQ-T) and Nickelodeon Minerals (NKM-V) to carry out a 500-tonne bulk-sampling program…
University contest slated for 2000
The University of Toronto will host the 10th annual Canadian Mining Games next spring in conjunction with Mining Millennium 2000, which takes place from March 5-10, 2000.The games will involve teams o…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Slumping gold sinks producers
The Dow Jones industrial average posted a new high of 11,175.02 for the July 7-13 report period, with a modest climb of 39.9 points, or 0.4%.Gold companies edged downward as the price slumped to new l…
KRL steps up work at Copper Hill
With its appetite whetted by initial drilling at its wholly owned Copper Hill property, 85 km south of Timmins, Ont., KRL Resources (KRL-V) is preparing to launch a more detailed exploration program.H…
DIAMOND PAGE — Mountain Province buoyed by Kennady Lake results
A large-diameter reverse-circulation bulk drill sample collected this past winter from the 5034 pipe at Kennady Lake in the Northwest Territories has yielded positive results.Situated 120 km south of …
Nord sells interest in Sierra Rutile
Nord Resources (NRD-N) is selling its half-interest in Sierra Rutile, the now-dormant heavy mineral sands operation in Sierra Leone.The asset will be acquired by MIL Investments, Nord’s largest shareh…