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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GREATEST VALUE TRADED, Jan. 21-27
ExchgValue(000’s)HighLowCloseChangeBarrick GoldT3…
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.
GOLD FUNDS (January 26, 1998)
Gold Funds as of January 15, 1998BGRCentralNet Value$14.49$5.99Price$11.50…
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 …