News

Ongoing drilling by Southwestern Resources (SWG-T) at the Boka gold project in southern China has returned encouraging assay results.

Russian miner Norilsk Nickel has bought Anglo American‘s (AAUK-Q) 20% stake in South African-based Gold Fields (gfi-n) for US$1.16 billion in cash.

After the great shakeout of the late 1990s, consolidation became a bit of a mantra among executives in the gold industry. There were really too many gold companies, the story went, and some merger and acquisition activity would tighten up that loo…

A prototype of the world’s first remotely operated “keyhole” underground mining and dredging system will be built later this year in an attempt to exploit precious metals deposits in water-logged, sandy environments such as river beds and undergro…

The recent federal budget extended, by one year, the Investment Tax Credit for Exploration in Canada (ITCE), also known as “super” flow-through shares. The buying period for shares eligible for the ITCE will end Dec. 31, 2005, 12 months longer tha…

Vancouver — Robex Resources (RBX-V) has arranged a private placement that will raise between $750,000 and $2.5 million. The money will be applied to the LaCorne and Kolomba gold properties in Mali, West Africa.

— The following is an excerpt from the ninth edition of Mining Explained, published by The Northern Miner. The book sells for $30 plus $3 for shipping and is available by calling 1-800-668-2374. E-mail: northernminer2 @northernminer.com.

Vancouver-based Canadian Zinc (CZN-T) intends to spend $3 million exploring the Prairie Creek mine property in the Northwest Territories.

North American Palladium (PDL-T) will construct an underground mine at its Lac des les operation, near Thunder Bay, Ont.

Redcorp Ventures (RDV-T) intends to spend $3 million exploring and developing the Tulsequah Chief mine project in northwestern British Columbia.

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