News

Aristotle hit the nail squarely on the head, sometime back in the third century BC, when he called poverty “the parent of revolution and crime.” The states likely to be well administered, he noted, ar…

Convicted of second-degree murder (T.N.M., Jan. 30/95) in the bombing deaths of nine miners at the Giant gold mine in Yellowknife, N.W.T., Roger Warren was sentenced to at least 20 years in prison bef…

The Ontario government has made six amendments to the Ontario Mining Act, which Mines Minister Gilles Pouliot says will make the legislation fairer, clearer and more effective. The six changes involve…

Partners Sage Resources (VSE) and Australian-based Striker Resources have received encouraging results from their Beta Creek diamond project in Western Australia. The following are highlights of the 1…

Fears that the U.S. economy may be headed for a significant downturn sent cyclical resource stocks into a tailspin, causing the TSE to post a loss during the 5-day report period ended Jan. 31. The com…

The pool keeps getting deeper and deeper as western markets attempt to quantify the “bottom” in the term “bottom fishing.” The Vancouver Stock Exchange resource index plunged more than 62 points to cl…

Week’s Price (US) Change Gold* $376.25 – $5.45 Silver* $4.68 – $0.13 Platinum* $415.50 – $2.40 Nickel** $4.38 – $0.30 Lead** $0.29 – $0.02 Copper $1.33 – $0.06 Zinc $0.51 – $0.03 Courtesy of Scotiaban…

Following a 1-new-for 5-old-share consolidation and a name change, Quebec Explorers has been re-listed as QEX Resources (CDN). QEX holds interests in six properties, three of which have a mineral inve…

A wholly owned subsidiary of VSE-listed Namibian Minerals Corp. (Namco) has met charter terms for a vessel which will be deployed in a diamond bulk-sampling program within Namibian and South African w…

During the past year, one of the foreign regions most attractive to Canadian miners has been West Africa. Senior and junior companies alike have been lured to the area by the prospect of discovering r…

The gold potential of Mali is attracting widespread interest now that Anglo American of South Africa and a Canadian partner plan to proceed with the US$250-million Sadiola Hill mine project in the lan…

An atmosphere of political stability and economic reform, coupled with underexplored and underdeveloped mineral resources, is attracting an ever growing number of Canadian mining companies to Tanzania…