Quest Int’l to explore Djibouti
Quest International Resources (QIX-T) and its private partner, Seven Stars Minerals, have signed an agreement with Djibouti for the exploration of mineral resources in this small East African nation.S…
News
Goldtex Resources, Canadian Mountain to merge
Talks between Canadian Mountain Minerals (CYM-A) and Goldtex Resources (GXR-A) have led to an agreement that will see the two companies merge.The merger agreement has yet to be approved by shareholder…
Homestake ceases underground mining — ‘Substantial loss’ at mine prompts company to get house in order
For only the second time in its 122-year history, the Homestake gold mine near Lead, S.D., has ceased production from underground.Homestake Mining (HM-N) stated, however, that after a dramatic restruc…
Breakwater nixes Bolivian zinc deal
Breakwater Resources (BWR-TWR-T) is scrapping its plans to buy a controlling interest in Bolivian zinc producer Minera.The company attributes the decision to delays caused by Minera’s failure to restr…
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Kinross sees cost reductions ahead
With gold prices still mired around US$300 per oz., speculation is growing that some companies will not be able to survive a prolonged period of depressed prices. Kinross Gold (K-T), fully aware that …
Noranda deal
ignites takeover talkNoranda (NOR-T) has agreed to sell its interest in Norcen Energy Resources Group to U.S.-based Union Pacific Resources Group for $1.8 billion in cash.Noranda owns 92.6 million sha…
AFRICA — DiamondWorks plans second mine
In terms of natural resources, Angola is one of Africa’s richest countries.As a result of the country’s history of civil strife, however, those potential resources have gone largely undeveloped.Vancou…
NEWS IN BRIEF (January 26, 1998)
Terragold Exloration (tgr-v) has changed its name to Terramin Resources (tgr-v).
PEOPLE — DONNER MINERALS
Harvey Keats appointed president, CEO.
PEOPLE — TKO RES. (January 26, 1998)
Robert Burton appointed president; Saverio Loria, Rashid Aziz and Nicholas Temple appointed directors.
PEOPLE — AMERICA MINERAL FIELDS (January 26, 1998)
Charles Pitcher appointed president, CEO.