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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation
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To: Ga Bard who wrote (314)8/11/1999 11:24:00 AM
From: Ga Bard  Read Replies (1) of 2392
 
Hmmm ... I like this ....

. INTERNATIONAL URANIUM CORP - Elects to Suspend Mining Operations from the Sunday and GMG Mines

Summary: Toronto, Ontario, Jun. 08, 1999 (Market News Publishing via COMTEX) -- International Uranium Corporation (the "Company") announced that it was suspending mining operations from its two producing mines, the Sunday and GMG mines, both of which are located in the Colorado Plateau mining district. The Company had planned to suspend mining operations at the Sunday and GMG mines in September of this year to coincide with the completion of the conventional ore mill run, presently scheduled to begin later this month. However, due to weak commodity prices, the Company elected to discontinue operations early. Company mining operations at the Sunday Mine will end immediately, and contract mining operations at the GMG will end not later than the end of August. The Company had previously discontinued mining operations at the Rim and Topaz mines. With the suspension of operations at the Sunday and GMG mines, all of the Company's mining projects will be on standby, and will remain so until market conditions justify otherwise.

Now I maybe wrong but it appears IUC is only doing the milling. That means they are not mining and World Vandium is a client of theirs that supplies ore for milling. Interesting. This would be a great fit IF WV is trying to get the mining operations side. Hmmm.

Jeff, I owe you big time. Got a call into ICU waiting for a call back.

Maybe this deal is not just slapped together.

:-)

GB


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