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…
News
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…
MOST ACTIVE ISSUES, Jan. 7-13
ExchgVol(000s)CloseWestmin ResT77035.40Barrick GoldT…
Guyana hits more gold at Peters mine
Two recent holes drilled by Guyana Goldfields (GGFI-C) have intersected gold at the Peters mine property, a former producer situated in Guyana.From surface, hole 18 returned 122 metres grading 1.41 gr…
STOCK MARKETS — Golds suffer least in sliding market — Asian demand concerns sink base metal issues
The Toronto Stock Exchange composite index fell back 326.67 points during the period Jan. 7-13, closing at 6,329.59. The decline, which included a whopping 220-point drop on Jan. 9, was blamed on furt…
TSE SHORT POSITIONS (January 19, 1998)
Short positions outstanding at December 31, 1997Larger individual positions include:Abitibi-Cons 135,553, down 606,285; Aurado Exploration 204,500, up 190,000; Barrick Gold 10,455,660, down 834,852; B…
LME WAREHOUSE LEVELS (January 19, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.13/98 (change from Jan. 6 in brackets):MetalStocks(tonnes)Change…