GOLD FUNDS (January 26, 1998)
Gold Funds as of January 15, 1998BGRCentralNet Value$14.49$5.99Price$11.50…
News
PEOPLE — TOTEM MINING (January 26, 1998)
Robert Woodfill and Joseph Montgomery appointed directors.
AFRICA — Zambia nears end of ZCCM privatization — Kafue Consortium snaps up Nchanga-Nkana copper-cobalt complex
Zambia has undergone a remarkable economic transformation during the last few years, as large parts of its economic engine, state-owned Zambia Consolidated Copper Mines, have been broken off and sold …
AFRICA — NEWS ROUNDUP — AmCan completes acquisition
Toronto-based AmCan Minerals (AMF-V) has completed negotiations to acquire 100% of the outstanding shares of Oriole Mining.Oriole’s assets include five major diamond-bearing properties in Angola, thre…
Index (January 26, 1998)
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AFRICA — NEWS ROUNDUP — Junior seeks diamonds
An agreement with Auridiam Botswana Proprietary sets the stage for M.I.T.Ventures (MVC-V) to earn up to a 60% interest in a diamond concession in northern Botswana.The concession contains five known k…
AFRICA — NEWS ROUNDUP — Ashanti advances Tera
A second-phase program by Ashanti Goldfields (AHD.U-T) will continue to test the Tera gold project in Niger.The African gold producer holds rights to earn 51% of Carlin Resources’ (CLM-V) 90% interest…
AFRICA — New plant for Hymex
Hymex Diamond (HMD-V) has installed an alluvial plant at its Diani diamond project in Guinea, West Africa.The junior says the plant is capable of handling 300 tons of diamondiferous gravel per hour, w…
AFRICA — Ace eyes Oboum play
A subsidiary of Vancouver-based Ace Development (AE-V) has signed an agreement allowing Johannesburg Consolidated International (JCI) to earn up to a 60% interest in the company’s Oboum licence in Gha…
AFRICA — Adikann seeks partners for projects
Low gold prices and a lack of investor interest in junior mining stocks have prompted Adikann Goldfields (ADK-V) to seek potential partners to explore its land holdings in Ghana.According to the cash-…
AFRICA — Easton discovers PGMs
Grass-roots exploration by Easton Minerals (em-v) in southwest Angola has led to the discovery of anomalous platinum and palladium, as well as three outcrops bearing sulphide mineralization.The junior…
AFRICA — Melkior, Trillion busy in Republic of Congo
In partnership with state-owned mining company Gecamines, Trillion Resources (TLQ-T) and Melkior Resources (MKR-M) will continue exploring the Likasi property in the copper belt of the Democratic Repu…