Manitoba shells out for exploration projects
The government of Manitoba will contribute $1.2 million to exploration projects in the province.The funding is part of the government’s Mineral Exploration and Assistance Program (MEAP), designed to a…
1999
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Winspear leads as VSE posts modest gains
During the holiday-shortened report period ended June 28, the Vancouver Stock Exchange composite index tacked on 5.75 pointts, or 1.35%, to close the week at 430.48. The mining index rose 3.70 points,…
Miramar tightens belt, looks to expand
With a strike behind it and cash in the bank, Miramar Mining (MAE-T) is looking to join the ranks of intermediate gold producers, the company’s president told shareholders at the annual meeting.The co…
LETTERS TO THE EDITOR — Blame Grits for gold’s woes
The recent precipitous drop in the price of gold is both damaging to some investors and alarming to the wider public.For centuries, gold has been an important yardstick by which we measure the wealth …
DIAMOND PAGE — Kennecott seeks diamonds near Wawa
Encouraged by northern Ontario’s newfound diamond potential, Kennecott Canada Exploration has signed a deal to earn majority interests in properties comprising more than 200,000 ha near the town of Wa…
BHP pulls plug on mines
Australia’s Broken Hill Proprietary (BHP-N), the second-largest copper producer in the world, will close its North American operations as a result of persistently low prices for the red metal.The anno…
BASE METALS — NAME CHANGE
Trojan Ventures (TJV-V) has changed its name to Alcanta International (AOE-V) on a 1-new-for-5-old-share basis.
BASE METALS — Niobium projects jostle for potential market share — Teck, Cambior study expansion of Niobec mine in northwestern Quebec
Three developments in the niche niobium-mining industry could significantly boost world supplies of the metal in coming years.In Canada, equal partners Teck (TEK-T) and Cambior (CBJ-T) are preparing a…
Can the smaller gold producers survive?
The following is the first of a 2-part overview of how junior and mid-tier gold mining companies are coping in today’s low-price environment.Not since the gold bubble of the early 1980s has the London…
Careers (June 28, 1999)
Startup: TanzaniaBarrick’s wholly owned subsidiary, Kahama Mining Corporation Limited (KMCL), is currently recruiting qualified individuals for their operations in Tanzania, where conventional undergr…
BASE METALS — Nord banks on Johnson Camp project
Nord Resources (NRD-N) has picked up the past-producing Johnson Camp copper mine in southeastern Arizona at a time when the price of the red metal is at a 10-year low.The company issued 1.6 million sh…
BASE METALS — Billiton expands Newfoundland portfolio
London-based Billiton International has expanded its Newfoundland exploration portfolio by inking a deal with Rubicon Minerals (RMX-V) to acquire either the Point Leamington or Lewis Lake properties.O…