An agreement with an Indonesian company sets the stage for Minorca Resources (ME) to acquire a 70% interest in 6% of production from the Busang gold deposit in Kalimantan, Indonesia.Minorca’s agreemen…
Mining equipment companies from various countries are preparing to head to Ghana to explore opportunities being presented by that country’s resurgent mining industry.The focus of their attention is th…
London has served as a major crossroads of bullion trading for more than three centuries. The oldest member of the market, the Mocatta Group, traces its history back to 1671. The Bank of England, whic…
The settlement of an arbitration hearing and the sale of subsidiary NorthWest Gold have enabled Northgate Exploration (TSE) to post its best financial results since 1989.In 1995, Northgate earned $7.2…
Two companies with existing mines in North America have decided to join forces to create a growth-oriented company that would produce about 200,000 oz. gold by 1998.Atlas (NYSE), a Nevada-based gold p…
Drill results from the A-418 kimberlite pipe at the Diavik project in the Lac de Gras area of the Northwest Territories suggest the structure may have comparable potential to the nearby A-154 South pi…
Montreal-listed West African Mining Exploration has started a 4,000-metre program of reverse-circulation drilling on its 51.3-sq.-km Teleku-Bokazo property in Ghana.The program follows 1 km of trenchi…
A survey prepared by Price Waterhouse shows that mining companies make significant use of derivatives to create positions in the commodities of their primary and co-products.A total of 41 North Americ…
Adrian Resources (TSE) estimates that the Petaquilla project in Panama could produce substantial amounts of copper and gold for at least 38 years.Assuming a daily throughput of 12,000 tonnes, the open…
Drilling at the Soledad Mountain project near Mojave, Calif., has boosted proven and probable reserves to 27.8 million tons grading 0.025 oz. gold and 0.42 oz. silver per ton.Golden Queen Mining (TSE)…
Based on results of a preliminary review, Globex Mining Enterprises (ME) has decided not to pursue plans to acquire Royalstar Resources’ (TSE) controlling interest in Gold Capital (NASDAQ).Gold Capita…
The Wolverine deposit in the southeastern Yukon is estimated to contain 3 million tonnes grading 12.99% zinc, 1.27% copper and 1.43% lead, as well as 1.87 grams gold and 350.2 grams silver per tonne.P…
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