Vengold boosts stake in Lihir gold mine
Vengold (VEN-T) has purchased a further 6.5% stake in the Lihir gold mine in Papua New Guinea. The $133.5-million acquisition raises its interest to 19%, making it the largest of Lihir’s stakeholders….
Articles by Northern Miner Staff
Mining fog gets attention
Delegates from 50 countries recently met in Vancouver, B.C., to discuss a new kind of mining that might revive areas with chronic water shortage problems.The notion of tapping into life-giving fog to …
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Shares traded by execs at Twin Gold, American Gem
The Ontario Securities Commission’s OSC Bulletin reports that a director of Twin Gold (twg-t) bought several blocks of shares in that company in June.Hermann Derbuch bought 147,500 shares at 27-30 cen…
Mansfield options porphyry prospect Mill construction begins at Minto property in Yukon
Vancouver-based Mansifeld Minerals (MDR-V) and Aranlee Resources (ARB-V) will jointly develop the Pancho Arias porphyry prospect in northern Argentina’s Salta province.Mansfield can acquire a 60% inte…
Kabila’s government slow to advance mining in DRC
When Laurent Kabila wrested control of the former Zaire from ailing dictator Mobutu Sese Seko more than a year ago, he promised to revive the nation’s ailing mining industry, wage a war on corruption,…
MOST ACTIVE ISSUES (August 10, 1998)
ExchgVol(000s)HighLowCloseChangeCasmyn Corp *Q267…
NEWS IN BRIEF (August 10, 1998)
Fleck Resources (FLK-V) has changed its name to Polymet Mining (POM-V).
GOLD FUNDS (August 10, 1998)
Gold Funds as of July 30, 1998BGRCentralNet Value$13.81$6.18Price$10.20$5…
Skyline arranges placement
Junior International Skyline Gold (SK-T) has arranged a private placement of 500,000 units priced at 20 cents each and up to 500,000 flow-through shares at the same price.A unit consists of one share …
DIAMOND PAGE — Diagem finances Brazilian drilling
Intent on financing exploration of its diamond properties in Brazil, Diagem International Resource (DGM-V) has negotiated a private placement worth $500,000.The financing consists of 2.8 million units…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS –Toronto market falls sharply in broad selloff
The Toronto Stock Exchange took a beating over the report period July 29-Aug. 4 as markets around the world saw bears emerging from their dens.The TSE 300 composite index fell 363.51 points over the f…
Etruscan hits gold at Datambi property
Junior Etruscan Resources (EET-T) has received encouraging results from reverse-circulation drilling at its Datambi permit in eastern Burkina Faso.The first 17 holes of a 2,000-metre program that test…