Freeport Indonesia expands Grasberg
Drilling by partners Freeport-McMoRan Copper & Gold (FCX-N) and RTZ (RTZ-N) has increased reserves at the Grasberg gold mine in Irian Jaya, Indonesia.The increase was calculated by Freeport Indonesia,…
News
AFRICA SPECIAL — Ghana’s Asankrangwa belt offers gold mining potential
Well to the west of Ghana’s principal gold region, the Asankrangwa greenstone belt is often overshadowed by its neighbors. Although the area has limited placer production and only one hard-rock mine, …
AFRICA SPECIAL — Information a valuable commodity for Emerging Africa
Money may make the world of international business go ’round, but Montreal-based Emerging Africa Gold (EAGI-C) is getting ahead in Africa partly through an older form of commerce.Some of Emerging Afri…
AFRICA SPECIAL — Gold targets overshadow Mali’s geological diversity
Extensive geological work undertaken in Mali over the past few decades has confirmed that the country is prospective for a variety of mineral resources, including gold, diamonds, platinum, uranium, co…
AFRICA SPECIAL — Botswana Diamondfields bids for concessions
Botswana Diamondfields (BWD-V) has enlisted arm’s-length partners (with which it has no relationship) to secure for the company a majority interest in a diamond concession in southern Africa.If their …
AFRICA SPECIAL — Tiomin makes titanium find
Toronto-based Tiomin Resources (TIO-T) has discovered a second titanium deposit in Kenya.The resource, estimated at 1.2 billion tonnes grading 3% heavy minerals, was outlined by a 128-hole drill progr…
AFRICA SPECIAL — International Ballater lured by Central African potential
Central Africa has increasingly become the focus of mining and exploration efforts by International Ballater Resources (IBA-V).In 1996, the Vancouver-based junior acquired a 95% interest in the operat…
AFRICA SPECIAL — Starpoint Goldfields shoots for summer diamond production
Starpoint Goldfields (STS-V) is aiming for a summer startup at the Yetwene alluvial diamond project in northwestern Angola.The company now holds a 52% interest in the 550-sq.-km concession, which stra…
Noranda options Canagau property
Noranda (NOR-T) is optioning the Canagau gold property of Mountain Lake Resources (MOA-V).Situated in Ben Nevis Twp. in northwestern Ontario, the property comprises 143 mining and 13 patented claims t…
Indo Metals-Inco alliance to focus on Indonesia
Junior Indo Metals (IOM-V) will join forces with Inco (N-T) on several of the nickel giant’s polymetallic properties in Indonesia.Under the so-called Maluku strategic alliance, Indo (formerly European…
GUEST COLUMN — Africa and the VSE
Africa’s mineral potential is considerable and, as a result, mining companies are taking to heart the advice offered by John Babsone Lane Soule in the 19th century: “Go west, young man.”Africa, which …
MOST ACTIVE ISSUES, Jan. 22-28
ExchgVol(000s)CloseGoldminco MngV143331.56Pure Gld ResT…