First Quantum raises financing
Vancouver-based First-Quantum Minerals (FM-V) has raised additional funds to explore for gold and copper projects in Africa.The company completed a $9-million private placement of 2.5 million special …
News
Chesbar funds Anacoco project
More than $4 million in working capital will be applied by Chesbar Resources (CBI-M) to its Anacoco gold project in Venezuela’s Bolivar state.Chesbar holds a 100% interest in two concessions totalling…
Caledonia cuts cobalt in Zambia
Drilling at the Nama copper-cobalt project in northern Zambia continues to outline additional mineralization.Operator Caledonia Mining (CAL-T) is investigating two anomalies, one of which, Anomaly A, …
Golden Gram Res. to prospect in Gabon
Montreal-based junior Golden Gram Resources (GRA-M) will begin prospecting its Manyima-Bakoudou gold property in the African nation of Gabon.Funding for the work was obtained through a $3-million fina…
Coeur d’Alene sells Indonesian asset
Coeur d’Alene Mines (CDE-N) and Australian-listed Sons of Gwalia are selling the Indonesian asset of Gasgoyne Gold Mines, an Australian-based company they are in the process of acquiring.Gasgoyne will…
MOST ACTIVE ISSUES, Dec. 28-Jan. 7
ExchgVol(000s)CloseMaymac ExpV87910.27TVX Gold IncT…
FACTS’N’FIGURES — Iron ore sector remains hot
Australia and Brazil are expected to remain the dominant exporters of iron ore, according to a report conducted by Sydney, Australia-based AME Mineral Economics.The study estimates operating costs for…
EDITORIAL PAGE — Coal’s emerging giants
Coal may not be the most glamorous commodity mined in North America, but, in some parts of this continent, it is the most valuable.British Columbia is a case in point. The province’s existing coal ope…
1996: A LOOK BACK — U.S. mining industry remained strong in 1996
A host of new discoveries and mine openings contributed to the overall strength of the American mining industry, and the sector appears poised to remain highly active throughout 1997.While Nevada rema…
STOCK MARKETS — New year brings rise in composite index
The Vancouver Stock Exchange composite index managed to rise 16.12 points to close at 1178.39 over the report period Dec. 30-Jan. 7, despite dropping 19.35 points from the resource index, which finish…
THE DIAMOND PAGE — Botswana Diamondfields secures access at Rovic mine
In South Africa, Botswana Diamondfields (BWD-V) is cleaning up after a mud slide that killed 20 people at its Rovic diamond mine in late November.The Vancouver-based company has launched a recovery pr…
Spot prices at a glance (January 13, 1997)
Wednesday, January 8, 1997Price (US)Week’s ChangeGold*$355.80- $13.80Silver*$ 4.66…