People — BLACK HAWK
Ian Shaw appointed vp of finance and chief financial officer.
News
People — BHP MINERALS
John Grubb appointed senior vice-president for Zimbabwe.
NEWS IN BRIEF (August 11, 1997)
NCC Mining (NC-V) has changed its name to BMA Mining (BMA-V) on a 1-new-for-7-old-share basis.
LME WHSE LEVELS (August 11, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.4/97 (change from previous week in brackets):Aluminium625750(-5925)Copper240675(+20075)Lead119775(+375)Nickel54414(+282…
GOLD FUNDS (August 11, 1997)
Gold Funds as of July 31, 1997BGRCentralNet Value$18.26$5.51Price$13.80$5…
Newmont breaks record in quarter
Newmont Gold (ngc-n) is the first North American gold producer to have produced 1 million oz. in one 3-month period.During the second quarter, the company produced 1.03 million oz. It is now working t…
Kasese Cobalt inks loan plan for plant
As the political situation in central Africa continues to stabilize, more Canadian-based mining companies are advancing projects, which is having the effect of rebuilding the region’s mineral industry…
High Desert Minerals rolls in royalty interests
High Desert Minerals (hdr-v) has entered into a non-arm’s-length letter of intent to merge with Royal Hal, SLH and Gold Trend — private companies owned by Sean and Lee Halavais.The Halavaises are the…
DIAMOND PAGE — Winspear recovers diamonds at Camsell
Winspear Resources (wsp-v) has recovered diamonds from holes drilled into a complex kimberlite breccia at the Camsell Lake project in the Northwest Territories.The first hole drilled on a geophysical …
Exhibition focuses on Zimbabwe
The mining potential of Zimbabwe will be the focus of an exhibition to be held in Harare from Nov. 10 to 13.Entitled, “Zimine ’97,” the conference will showcase the African country’s burgeoning minera…
May output down for most primary minerals
Canadian production of iron ore and potash increased in May, compared with the same period last year. However, output of gold, silver, lead, zinc, nickel, asbestos and copper was down.The statistics s…
DIAMOND PAGE — Namco incurs quarterly loss
British-based Namco (nmr-t) incurred a loss of just over$3 million for the year ended May 31, 1997.The company continued development of its sea-floor diamond project off the coast of Namibia, which is…