Bema finances Julietta as Refugio disappoints
A US$25-million financing agreement is allowing Bema Gold (BGO-T) to draw up construction plans for its 79%-owned Julietta gold-silver mine in Russia.Two European banks have agreed to put up the funds…
News
Peggy Witte aims for comeback
Margaret (Peggy) Witte, the founder and former head of bankrupt Royal Oak Mines, is hoping to make a comeback by reversing the flagging fortunes of Eden Roc Mineral (EDN-T).”It’s a fresh start for me …
Inco, government talks hint at deal — Hydrometallurgical plant may meet processing demand
Talks between Newfoundland’s minister of mines and energy and senior officers at Inco (N-T) continued in Toronto in late November, suggesting the two sides may be close to a deal allowing development …
Tenke seeks funds for Argentine work
Lundin-led Tenke Mining (TNK-T) has arranged a brokered private placement with Pacific International Securities to sell up to 850,000 shares priced at 90 cents each.The $765,000 in proceeds will be us…
EXPLORATION ’99 – Cantex eyes Queen of Sheba’s gold
Geologist Charles Fipke has traversed some of the most inaccessible parts of the globe in his search for mineral deposits, with his biggest success being the discovery of economic diamond deposits in …
EXPLORATION ’99 – Berland eyes Saganash belt
in OntarioVancouver-based Berland Resources (BNL-V) and Falconbridge (FL-T) have teamed up to explore the Saganash greenstone belt, south of Kapuskasing, Ont.The joint-venture program, to be operated …
The Master Plan. . . and Wildlands
No man is an island, but if some rabid environmentalists have their way, we could soon be crammed together in human enclaves while half of the North American continent is preserved or restored to wild…
SPOT PRICES Wed. November 24, 1999
Precious MetalsPrice (US$/oz.)ChangeGold$297.85+$2.40Silver$ 5.170.00…
Anglogold inks deal in Colombia
Anglogold (AU-N) can earn a half-interest in a 100-sq.-km Colombian land package held by Conquistador Mines (CMG-V). In return, the South African-based major must spend US$2.5 million on exploration o…
LME WHSE LEVELS (November 29, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 23/99 (change from Nov. 16 in brackets):MetalStock(tonnes)Change…
EXPLORATION ’99 – RARE METAL EXPLORATION ROUNDUP — Avalon updates Big Whopper
Avalon Ventures (AVL-V) has updated a prefeasibility study of its wholly owned Big Whopper petalite (lithium silicate) deposit, north of Kenora, Ont.The company now expects that market demand for its …
Partners seek base metals in Hearst
Partners Dumont Nickel (DNI-M) and North Atlantic Nickel have doubled the size of their Albany property, near Hearst, Ont.The pair added to the 72-sq.-km land package owned by North Atlantic by stakin…