AFRICA — Ashanti options Kraapian gold project
An agreement with London-based Reunion Mining sets the stage for Ashanti Goldfields (AHD.U-T) to earn up to a 65% interest in the Kraapian gold project in Botswana.To earn the interest, Ashanti must f…
Articles by Northern Miner Staff
Companies (January 26, 1998)
Aber ResourcesAce DevelopmentAdikann GoldfieldsAlberta EnergyAmCan MineralsAmerica Mineral FieldsAnglo AmericanAnglo VaalAnvil Range MiningApex Silver MinesAsarcoAshanti GoldfieldsAshton Mining of Can…
STOCK MARKETS — Western markets regain some strength — Drill results keep Cross Lake hopeful; Winspear makes headway at Snap Lake
The Vancouver Stock Exchange composite index finished the report period ended Jan. 20 up 14.86 points, or 2.6%, at 594.06. The mining index closed at 489.72, a gain of 19.51 points, or 4.1%. The combi…
Placer Dome to suspend construction at Las Cristinas
Placer Dome (PDG-T) has announced that its operating company, Minera Las Cristinas (Minca), has decided to suspend mine construction at the Las Cristinas gold property in Venezuela until an ownership …
AFRICA — Poplar eyes diamond project
Poplar Resources (PPX-V) intends to begin a bulk-sampling program at the Aardvark and Barkly West kimberlite fissures in South Africa.The company can earn up to a 60% interest in the diamond projects,…
AFRICA — Diamond Fields Int’l plans public offering
Diamond Fields International intends to spend $15 million this year to advance its fully owned offshore marine grants in the southern African nation of Namibia.The work program will be partially finan…
AFRICA — Tenke looking to majors for Fungurume funding — Government terminates bid for Kolwezi tailings
Tenke Mining (TNK-T) has opened a library in London, England, to showcase information pertaining to its Tenke Fungurume copper deposit in Africa.The library, or data room, is open only to major compan…
AFRICA — NEWS ROUNDUP — Junior seeks diamonds
An agreement with Auridiam Botswana Proprietary sets the stage for M.I.T.Ventures (MVC-V) to earn up to a 60% interest in a diamond concession in northern Botswana.The concession contains five known k…
AFRICA — NEWS ROUNDUP — Ashanti advances Tera
A second-phase program by Ashanti Goldfields (AHD.U-T) will continue to test the Tera gold project in Niger.The African gold producer holds rights to earn 51% of Carlin Resources’ (CLM-V) 90% interest…
AFRICA — New plant for Hymex
Hymex Diamond (HMD-V) has installed an alluvial plant at its Diani diamond project in Guinea, West Africa.The junior says the plant is capable of handling 300 tons of diamondiferous gravel per hour, w…
AFRICA — Ace eyes Oboum play
A subsidiary of Vancouver-based Ace Development (AE-V) has signed an agreement allowing Johannesburg Consolidated International (JCI) to earn up to a 60% interest in the company’s Oboum licence in Gha…
AFRICA — Adikann seeks partners for projects
Low gold prices and a lack of investor interest in junior mining stocks have prompted Adikann Goldfields (ADK-V) to seek potential partners to explore its land holdings in Ghana.According to the cash-…