Sudbury, Ont.-based El-Equip has won a tender to provide an underground communications system to the Jinning No. 3 coal mine in China.With production of 5 million tonnes of coal per year and a life ex…
Armand Beaudoin, who played a major role as a vendor in the Indonesian staking rush following the gold “discovery” of Bre-X Minerals in the mid-1990s, has died.His career as a prospector began in nort…
Joseph Perkin, who participated in almost every major staking rush in Canada, has died. He was 97.Born in Winnipeg, Man., in 1902, Perkin was introduced to prospecting by his stepfather. One of Perkin…
John Gordon Strasser, president of Nugget Resources, has died. He was 70.Strasser was born in Hamilton, Ont., in 1928. He obtained a diploma from the Provincial Institute of Mining in Haileybury, Ont….
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Global Diamond Resources (GDRS-O) has sold its first parcel of diamonds from test mining at the Grasdrif alluvial operation in South Africa.The California-based company received US$727 per carat for t…
Recent insider trading reported by the Ontario Securities Commission in its OSC Bulletin includes the following:Afriore (AFO-V) — Harvey White, director, bought 102,000 shares at 90 cents-$1.20 and s…
The chance of a recovery in the jewelry market and new strategies in marketing could push diamond producer De Beers Consolidated Mines (DBRSY-Q) back up following two years of poor results.Analyst Rog…
The Vancouver Stock Exchange composite index dropped 10.65 points, or 2.4%, to finish the week ended July 13 at 429.61. The mining index followed suit, losing 8.96 points, or 3%, to close at 287.98.Me…
Gold prices touched new 20-year lows during the July 7-13 report period, losing 60 cents to hit US$255.60 per oz. on the London morning fix ofJuly 14.Although there was relatively little activity in t…
With its appetite whetted by initial drilling at its wholly owned Copper Hill property, 85 km south of Timmins, Ont., KRL Resources (KRL-V) is preparing to launch a more detailed exploration program.H…
A large-diameter reverse-circulation bulk drill sample collected this past winter from the 5034 pipe at Kennady Lake in the Northwest Territories has yielded positive results.Situated 120 km south of …
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