Conference promotes ‘African renaissance’
Despite low commodity prices and the political turmoil engulfing many African states, the mood at this year’s Investing in African Mining conference (also known as Indaba) was guardedly optimistic, as…
News
PEOPLE — Inspiration Mining
Robert Lockwood appointed president and director, Stefano Paoli appointed director, and Jerry Beaulac appointed secretary.
PEOPLE — Indo Metals
P.T. O’Kane appointed director.
NEWS ROUNDUP — Altai options project to Barrick
Toronto-based Altai Resources (ATI-T) has optioned its Rodeo gold project in Peru’s Ancash province to a unit of Barrick Gold (ABX-T).The companies agreed to hold the property in a joint-stock company…
Aur to fund feasibility at Tiomin’s Kwale project
The relationship between mid-tier copper producer Aur Resources (AUR-T) and junior Tiomin Resources (TIO-T) has been cemented by Aur’s financing of a feasibility study on Tiomin’s Kwale titanium-sands…
ODDS ‘N’ SODS — The last laugh
The Quebec Ministry of Mines used to publish lists of claims that were about to expire. These were studied by stakers like myself, since one never knew when some hot property was going to come open. P…
Inco finds partner for exploration — Dowa Mining to fund work in Indonesia, Turkey
Tight times in the nickel industry have forced Inco (N-T) to concentrate on exploration at its advanced projects, but a joint-venture agreement with Tokyo-based Dowa Mining will permit less advanced p…
SPOT PRICES (March 01, 1999)
February 24, 1999Courtesy of ScotiabankPrecious MetalsPrice (US)ChangeGold*$286.10+ $0.75S…
MOST ACTIVE ISSUES, Feb. 17-23
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EXCHANGE RATES (March 01, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 23Feb. 22Feb. 19Feb. 18Feb. 17…
Valerie to drill Estrella property
Junior Valerie Gold Resources (VLG-V) is about to begin diamond drilling at its 16,866-ha Estrella property in the western Mexican state of Nayarit.The 2,500-metre program will test the grade, depth p…
Homestake posts profit for quarter — Gain reflects year-long restructuring plan
Benefiting from an overhaul, Homestake Mining (HM-N) reported earnings of US$1.4 million (or 1 cents per share) for the fourth quarter of 1998, compared with a loss of US$58.4 million (28 cents per sh…