AFRICA — Clear Creek eyes offshore diamonds
Newly listed Clear Creek Resources (CK-V) plans to start operations this year at its Good Hope diamond project, on the west coast of South Africa.Although the company released a resource estimate for …
News
AFRICA — Billiton on acquisition trail
Since acquiring the mining assets of Royal Dutch/Shell in 1994, Billiton has prospered and grown into one of the world’s largest mining companies. The success of Gencor’s international arm now has som…
AFRICA — Global still finding plenty of diamonds in South Africa
San Diego-based Global Diamond Resources (GDRS-O) is forging ahead with two advanced-stage projects and a bulk sample program at its diamond properties in South Africa.Of the three properties, the mos…
AFRICA — Ashanti options Kraapian gold project
An agreement with London-based Reunion Mining sets the stage for Ashanti Goldfields (AHD.U-T) to earn up to a 65% interest in the Kraapian gold project in Botswana.To earn the interest, Ashanti must f…
Companies (January 26, 1998)
Aber ResourcesAce DevelopmentAdikann GoldfieldsAlberta EnergyAmCan MineralsAmerica Mineral FieldsAnglo AmericanAnglo VaalAnvil Range MiningApex Silver MinesAsarcoAshanti GoldfieldsAshton Mining of Can…
STOCK MARKETS — Western markets regain some strength — Drill results keep Cross Lake hopeful; Winspear makes headway at Snap Lake
The Vancouver Stock Exchange composite index finished the report period ended Jan. 20 up 14.86 points, or 2.6%, at 594.06. The mining index closed at 489.72, a gain of 19.51 points, or 4.1%. The combi…
Placer Dome to suspend construction at Las Cristinas
Placer Dome (PDG-T) has announced that its operating company, Minera Las Cristinas (Minca), has decided to suspend mine construction at the Las Cristinas gold property in Venezuela until an ownership …
AFRICA — Poplar eyes diamond project
Poplar Resources (PPX-V) intends to begin a bulk-sampling program at the Aardvark and Barkly West kimberlite fissures in South Africa.The company can earn up to a 60% interest in the diamond projects,…
AFRICA — Diamond Fields Int’l plans public offering
Diamond Fields International intends to spend $15 million this year to advance its fully owned offshore marine grants in the southern African nation of Namibia.The work program will be partially finan…
AFRICA — Tenke looking to majors for Fungurume funding — Government terminates bid for Kolwezi tailings
Tenke Mining (TNK-T) has opened a library in London, England, to showcase information pertaining to its Tenke Fungurume copper deposit in Africa.The library, or data room, is open only to major compan…
GOLD FUNDS (January 19, 1998)
Gold Funds as of January 8, 1998BGRCentralNet Value$14.47$6.10Price$10.50…
PEOPLE — WAR EAGLE (January 19, 1998)
David B. Hackman appointed director.