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News August 16, 2004

Rex sells SA subsids

Rex Diamond Mining (RXD-T) has agreed to sell its South African diamond mines to Johannesburg-listed African Gem Resources (AFGEM), which recently spun off its tanzanite business to subsidiary TanzaniteOne.

News August 16, 2004

Glamis Gold poised for a turnaround

Vancouver — Despite lower earnings in the second quarter, Glamis Gold (GLG-T) is expecting a turnaround in the second half of 2004 following startup of the El Sauzal mine in Mexico and expansion of the Marigold operation in Nev…

News August 16, 2004

Congo responds to Kimberley suspension

The government of the Republic of Congo says it will stop exporting diamonds until it improves its diamond trade following a July inspection by a U.N.-backed policing unit. The inspection resulted in the suspension of the central African nation fr…

News August 16, 2004

BC government unveils maps

The government of British Columbia has published geological maps of mineralized areas in four regions of the province in an effort to attract mineral exploration.

News August 16, 2004

Minco drills Changkeng

Vancouver — Drilling by Minco Mining & Metals (MMM-T) at its Changkeng gold joint venture in southeastern China has confirmed the presence of precious metals.

News August 16, 2004

Greenshield cuts gold near Timmins

Greenshield Resources (GRE-V) has intersected significant gold at the “A” zone in Newton Twp., 100 km southwest of Timmins, Ont.

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