Etruscan lures Anglo to Tiawa
Having parted ways with Placer Dome (PDG-T), junior Etruscan Resources (EET-T) has enlisted South African-based mining house Anglo American to help develop its Tiawa gold concession in western Niger.T…
Articles by Northern Miner Staff
Georgia seeking miners
The government of one of the least-mined of the former Soviet republics has called a tender for a complex mineral licence in hopes of attracting mining companies.With the tender, the Georgian Ministry…
Sunshine hits new high-grade silver vein
With recent drilling at the Pirquitas silver-tin deposit in northern Argentina having encountered new mineralization, Sunshine Mining & Refining (SSC-N) reports that the final feasibility study on the…
MINING MARKETS & INVESTMENT NEWS — Aurizon Mines raises $7m for Casa Berardi
Vancouver-based Aurizon Mines (ARZ-T) has arranged a $7-million financing, proceeds from which will be used to acquire and explore the Casa Berardi gold mine in northwestern Quebec.The first installme…
Alcan group nixes Venezuelan buyout
The Alcan-Alcoa consortium has declined to submit a bid in the privatization of Venezuela’s aluminum companies, stating that the risks inherent in the current privatization process far outweigh the po…
COMMENTARY — Alaska gateway to Russia
Alaska and Russia share a relationship, and companies wishing to do business in eastern Russia should consider opening an office in Alaska.The most obvious advantage of Alaska-based offices for Russia…
Mar-West reports Honduran gold find
Hot on the heels of the company’s discovery of a gold deposit at the Cerro Blanco property in Guatemala, Mar-West Resources (MSR-V) has discovered a gold zone on the San Martin property in central Hon…
Teck eyes open-pit potential of San Nicolas
It was standing room only at Teck’s (TEK-T) recent annual meeting in Vancouver, with shareholders gathered for the announcement of preliminary minable reserve numbers for the San Nicolas polymetallic …
Canyon Resources trims debt
Colorado-based Canyon Resources (CAU-X) has unwound a hedge position in order to repay debt from the Briggs gold mine in southeastern California.The company generated US$11 million in cash by repurcha…
Newmont sees gold output rise while production costs and profits fall
Newmont Gold (NGC-N) ranked among the world’s largest and lowest-cost gold producers in 1997, but first-quarter results indicate that the company may surpass last year’s achievements.Newmont Mining (N…
Anglo joins Eden Roc in Cote d’Ivoire
Eden Roc Mineral (EDN-T) has signed a letter of intent to form a joint venture with South African-based major Anglo American encompassing all of Eden Roc’s gold properties in southeastern Cote d’lvoir…
Guyanor terminates Asarco joint ventures
By terminating joint-venture agreements with Asarco (AR-N), Guyanor Ressources (GRL.B-T) has regained control of two gold properties in French Guiana.Guyanor, which is 69% owned by Golden Star Resourc…