Fort Knox adds to holdings
In another Newfoundland cash-and-shares deal, junior explorer Fort Knox Gold Resources (FNX-T) has taken an option on a gold exploration property 60 km north of Gander.The agreement gives Fort Knox th…
News
AFRICA — Tri-Star buys back old Minorca interests in Africa
Following its October merger with Minorca Resources, McWatters Mining (MCW-T) has moved to shed Minorca’s West African interests.Tri-Star Gold (TSG-V) has bought back the interests Minorca held in 13 …
AFRICA — Jean-Gobele at feasibility
Determined to bring its gold deposit into production by the end of the year, Semafo (SMF-T) has engaged a consultant for a final feasibility study at the Jean-Gobele project in eastern Guinea.RSW-Bero…
AFRICA — Sadiola Hill mine cracks half-million-ounce barrier
Higher-than-expected mill capacity allowed Iamgold (IMG-T) and its South African-based partner, Anglogold (AU-N), to produce more than half a million ounces from the Sadiola Hill gold mine in western …
AFRICA — Sutton advances Bulyanhulu — Mining costs projected at US$45-59 per ton
Sutton Resources (STT-T) has appointed Standard Bank London to arrange US$130 million in project financing for the Bulyanhulu gold project in Tanzania.Standard Bank will underwrite US$40 million and a…
AFRICA — Ashanti ratifies Ghana deal
Semafo (SMF-T) has signed a joint-venture agreement with Ashanti Goldfields (AHD-T) to develop the former’s Ebi/Teleku-Bokazo property in southwestern Ghana.In July, Semafo and Samax Gold, which was s…
AFRICA — NEWS ROUNDUP — Crew acquires copper mine smelter
Through an operating arm in South Africa, Vancouver-based Crew Development (CRU-T) has acquired an 81.47% interest in the O’okiep copper mine smelter in northwestern Cape Province.O’okiep comprises a …
AFRICA — NEWS ROUNDUP — Sahelian negotiates production loan
Toronto-based Sahelian Goldfields (SHGI-C) has arranged a US$5-million loan facility to provide working capital for its producing Poura gold mine in Burkina Faso.The loan facility is being provided by…
AFRICA — NEWS ROUNDUP — Mispec seeks JV partner in Africa
Junior Mispec Resources (MPE-M) has retained the South African division of a international merchant bank to help secure a partnership with a South African mining company.The Canadian company is hoping…
AFRICA — NEWS ROUNDUP — Oromonde explores in Victoria goldfields
Exploration by Oromonde Mining (OMP-V) has resulted in the discovery of near-surface gold mineralization at the Bukoli and Mgusu gold projects in the Lake Victoria goldfields district of Tanzania.Rota…
AFRICA — Juniors adopt survival strategies — Orezone, Birim among companies with promising projects
Africa could hardly be described as a hotbed of foreign exploration investment these days, but a few juniors are keeping their projects alive by maintaining the right mix of ingredients to attract wha…
Meetings (February 01, 1999)
Feb. 2, Cotton Valley Feb. 2, Gitennes Feb. 3, Avalon Feb. 3, Vencan Gold Feb. 4, Brigdon Feb. 4, Capco Feb. 4, Palmer Feb. 5, Cons. Fortress Feb. 5, Lyon Lake Feb. 5, Lytton Feb. 5, Torndo Feb. 9, FC…