COMMENTARY — Reforesting Brazilian mine sites
As part of a commitment to sustainable development, Mineracao Rio do Norte (MRN) and Alcan Aluminio do Brasil are participating in a renewal project in the Brazilian Amazon.The Trombetas bauxite mine …
News
DIAMOND PAGE — Hymex sells alluvial diamonds
Vancouver-based junior Hymex Diamond (HMD-V) has sold just under 11,000 carats of diamonds from its properties in Guinea, West Africa.Proceeds of the sale, held in Antwerp, Belgium, amounted to US$808…
EDITORIAL — The legacy of Busang — Tighter rules on foreign projects Regulators and mining industry experts are engaged in much soul-searching, and a good part of this exercise is aimed at finding ways to ensure that a massive fraud such as Bre-X Minerals’ Busang project does not happen again.
While this infamous bungle in the jungle was an extraordinary event, an open discussion on tightening up the rules of the game is taking place in Toronto. Several proposals for reforms have already be…
METAL PRICES — Daily Metal Prices (November 03, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateOct. 28Oct. 27Oct. 24Oct. 23O…
Sampling serves Indomin
Geochemical sampling on two Indonesian properties held by Indomin Resources (IRL-V) has revealed potential areas of gold-bearing mineralization.At the Busang North project in Kalimantan, six of 13 loo…
Blackstone Res. Hits nickel-zinc in Yukon Territory
Reconnaissance drilling by partners Blackstone Resources (BZZ-A) and Glenhaven Resources (GNN-A) has encountered a stratigraphically controlled nickel-zinc horizon on the Taiga property, 100 km northe…
Cameco earnings climb
The first nine months of 1997 saw Cameco (CCO-T) make modest gains in revenues and earnings from operations.Net earnings actually declined, however, as a result of a $44-million deferred income tax ex…
Morning Star returns to production
Nevada Manhattan Mining (NVMH-O) intends to place the Morning Star gold mine back in production after it buys the operation from owner Vanderbilt Gold (VAGO-O).The companies are still negotiating a pr…
Seahawk hits gold in Guyana
Seahawk Minerals (SKM-V) is encouraged by the first round of drilling at its Blackwater gold property in Guyana.The company has drilled 12 angle holes, spanning 1,500 metres, on the Macedonia Creek an…
PRODUCER AND DEALER PRICES (November 03, 1997)
Aluminium: LME settlements US$1,535, alloy US$1,405 per tonne (Oct. 28/97).Antimony: Composite free market, US$1,900 per tonne (Oct. 28/97).Bismuth: Composite free market US$3.40 per lb. (Oct. 28/97)….
Northern Orion and BHP define zone in N.W. Argentina
Drilling in the Filo Amarillo area of the Agua Rica project in northwestern Argentina continues to broaden a newly discovered zone of high-grade copper.Situated in Catamarca province, Agua Rica is a m…
Atapa applies Western thinking to Indonesian property
Cikotok, Indonesia — For the natives living in this village on the southwestern coast of Java, local small-scale mining projects run by state-owned Aneka Tambang (Antam) provide jobs necessary to sup…