Gabriel on trail of Transylvanian treasure
A junior company holding a land package with 15 known mineral deposits, three working mines and several dumps is bound to attract attention. Mike Jones of T. Hoare Canaccord is one of a growing number…
News
INDEX (December 13, 1999)
Anglo American1Ashanti Goldfields16Asia Minerals3Barnato Exploration1Blackstone Resources15Broken Hill Proprietary13Cambior16Cnsldtd Afric…
Wolfden, Jonpol test Pickle Crow property
Partners Wolfden Resources (WOLF-C) and Jonpol Explorations (JON-T) continue to test the past-producing Pickle Crow gold mine property, 12 km northeast of Pickle Lake in northwestern Ontario.By year-e…
South African group to consolidate under JCI banner
South Africa’s JCI group has unveiled a massive restructuring that will consolidate its various gold assets under a single entity, named JCI Ltd., which will be listed and domiciled in Toronto by next…
Omolon repays debt financing
The Kubaka mine in far eastern Russia has enabled owner Omolon Gold Mining to repay US$50 million of the US$130 million in debt financing it received from the European Bank for Reconstruction & Develo…
JCI
Denver — Ashanti Goldfields (ASL-N) has submitted a restructuring plan, together with a financial and operating review, to its hedge counterparties and lending banks, extending to mid-December the fr…
Namibian Minerals secures Nam II funds
A US$25-million loan paves the way for Namibian Minerals (NMR-T) to build a second offshore diamond mining platform and recovery plant.HSBC Equator Bank and Nedbank Africa (a division of Nedcor Bank) …
Surprise bid for Dukat
Vancouver — Plans by Pan American Silver (PAA-T) to start up the Dukat mine in far eastern Russia by mid-2000 have been derailed by another bidder for the Dukat mill building.At an auction held by ag…
Asia Minerals sets sights on Copperstone
Vancouver — Asia Minerals (AMP-V) is endeavouring to acquire the remaining 75% interest in the Copperstone joint venture in western Arizona. The vendor is Arctic Precious Metals, a wholly owned subsi…
Book traces Ottawa mines
The Mines of Ottawa: A guide to the mineral deposits of Southeastern Ontario and Southwestern Quebecby John E. Udd, Ph.D.Published by CJ Multi-Media Inc.89 Ridgefi…
Metal Prices (December 13, 1999)
DateDec. 7Dec. 6Dec. 3Dec. 2Dec. 1…
Central bank sales depress gold yet again
Central bank selling has once again rocked gold markets, causing the yellow metal to slip $8.10 during the Dec. 1-7 report period and land at US$283.30 per oz. on the London morning fix of Dec. 8.On D…