BYG to buy YGC from Wheaton River Minerals
Whitehorse, Y.T.-based BYG Natural Resources (BYG-T) plans to acquire a controlling position in Vancouver-based YGC Resources (YGC-V) for $2.3 million.The deal would see BYG acquire Wheaton River Mine…
News
EDITORIAL PAGE — Tackling corruption
Doing business in foreign countries has placed some North American mining companies face-to-face with the problem of how to secure promising projects without taking part in the corrupt business practi…
THE DIAMOND PAGE — DiamondWorks starts mining in Angola
DiamondWorks (DMW-V) has begun mining alluvial diamonds at its Luo project in Angola, following the commissioning of a 120-tonne-per-hour floating dredge.The dredge, airlifted in from South Africa, be…
THE DIAMOND PAGE — Redaurum develops South African mine
The Rooiberg alluvial diamond project of Redaurum (RRK-T) is on its way to minehood.The company has applied to the South African government for a licence to develop its 4,300-ha Rooiberg property, whe…
NEWS IN BRIEF (March 24, 1997)
Consolidated Valley Ventures (CVL-V) has changed its name to CVL Resources (CVL-V).
LME WAREHOUSE LEVELS (March 24, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.17/97 (change from previous week in brackets):Aluminium891,825(+14,150)Copper197,450(-8,075)Lead108,225(-850)Nickel46,54…
GOLD FUNDS (March 24, 1997)
Gold Funds as of March 13, 1997BGRCentralNet Value$23.34$6.15Price$17.90$…
TORONTO STOCK EXCHANGE INDICES (March 24, 1997)
1997Mar 18Mar 17Mar 14Mar 13Mar 12HighLowComposit…
Adex studies production plans for Mount Pleasant
A feasibility study calls for production of tin and indium-copper zinc concentrates at the Mt. Pleasant project in southwestern New Brunswick.Consulting firm Kvaerner Davy conducted the study, which r…
Athlone Resources drill-tests Norteno property in Bolivia
Drill results from the Norteno concession in western Bolivia indicate pyrite mineralization is the cause of a large induced-polarization anomaly.Athlone Resources (AT-V) tested the broad chargeability…
Kinross boosts stake in Goldbanks
Toronto-based Kinross Gold (K-T) has completed its acquisition of the Goldbanks gold-silver project, 56 miles south of Winnemucca, Nev.In June 1995, the company bought a half interest in the property …
Altavista raises Wild Mick funds
Boucherville, Que.-based Altavista Mines (AIA-M) has raised $850,000 from private investors.The financing consists of the issuance of 772,727 units priced at $1.10 each. A unit consists of one share a…