Randgold gains stake in Malian gold mine
Randgold Resources, the exploration arm of South Africa’s Randgold group, has acquired the Malian subsidiary of BHP Holdings (International). The deal includes a 65% stake in Syama, a large Malian gol…
News
LITERATURE REVIEW SPECIAL — Great Lakes funds work at Palmarito
Toronto-listed Great Lakes Minerals (GKM-T) has secured US$1 million in financing for its Palmarito silver-gold project in Mexico’s Sinaloa state.Repadre Capital (RPD-T) will provide the funds in retu…
LITERATURE REVIEW SPECIAL — Oroperu drilling gold properties
The acquisition of Arequipa Resources and its Pierina gold deposit by Bar- rick Gold (ABX-T) has cast the spotlight on Peru’s mineral potential. The major is also eyeing other projects in the country,…
ODDS’N’SODS — Scout’s honor
The local Boy Scout troop at Ontario’s Red Lake camp traditionally held their annual campout on a beach on the northern shore of Red Lake. The beach could be reached only by water, and had a reputatio…
Canada’s first wollastonite plant under construction in Quebec
Owner Orleans Resources (OLS-M) has hired Cambior (CBJ-T) to build Canada’s first wollastonite processing plant, in St-Ludger-de-Milot, Que.Orleans Chairman Jean-Guy Masse says the plant is expected t…
NEWS ROUNDUP — Tiomin, Soquem hit nickel near Sept-Iles
Tiomin Resources (TIO-T) and its joint-venture partner, the Quebec Crown corporation Soquem, have discovered several nickel-bearing, disseminated and massive sulphide targets at the Annic project nort…
LITERATURE REVIEW SPECIAL — Battle Mountain and Normandy eye Vera-Nancy gold mine
Equal partners Battle Mountain Gold (BMG-N) and Normandy Mining intend to develop the Vera-Nancy project near the Pajingo complex in Queensland, Australia.The projected capital cost of US$40 million i…
EDITORIAL PAGE — The fall guy
U.S. President Bill Clinton told delegates attending the recent Democratic Party convention that his administration “had saved Yellowstone Park from mining.” Next, he assured delegates that his admini…
METAL PRICES — FREE MARKET (September 02, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateAug. 27Aug. 26Aug. 23Aug. 22Aug. 21…
DIAMOND NEWS ROUNDUP — Lytton, Pure Gold team with Ashton
Ashton Mining of Canada (ACA-T) can earn a 51% interest in the JC claim block in the Northwest Territories.Ownership of the JC block, 120 km north of Lac de Gras, is split equally between Lytton Miner…
MSV reports loss in second quarter
With the shutdown of the Eastmain mine behind it, MSV Resources (MSV-M) is striving to return the company to profitability.The company reported a second quarter loss of $940,138 for the period ended J…
Results add lustre to Santa Anna property
The outlook for the Santa Anna gold deposit in northwestern Quebec looks increasingly rosy as drilling continues.Altavista Mines (AIA-M), owner of the project, recently hit 111 intersections grading m…