Management of Mincor Resources of Rouyn-Noranda, Que., is hoping this year to boost the annual rate of production at its Monarch gold mine in Mozambique to 25,000 oz. The company, created recently thr…
An agreement-in-principal calls for the restructuring of an outstanding loan of $1.9 million owed by a wholly owned subsidiary of Nova Gold Resources (TSE). The loan was incurred by Murray Brook Resou…
Junior Sterling Pacific Resources (VSE) is drill-testing four anomalies on its newly acquired Monarch-Zim gold properties near Reno, Nev. Besides the 10-hole program of 2,500 ft. now under way, Sterli…
More than 20 African countries are expected to take part in the African Mining Investment symposium to take place May 24-26 in Toronto. Organized by the Multilateral Investment Guarantee Agency of the…
The increased interest in Africa’s mineral potential has prompted the government of Gabon to consider updating the mining legislation which it had adopted after independence in 1960. Situated on the w…
A subsidiary of Radisson Mining Resources (ME) has gained the right to prospect, extract and sell minerals such as diamonds and gold on a 110,000-acre property in the Central African Republic (CAR). T…
With the acquisition of a 100% interest in two producing kimberlite diamond mines in the Republic of South Africa, Vancouver-based Diamond Fields Resources (TSE) became Canada’s only high-quality gem …
The hunt for diamonds in Africa has taken Canadian mining companies to more than a dozen countries in the western, central and southern areas of the continent. Among the more popular countries, based …
Three former employees of Lac Minerals — Christopher Pegg, Anthony Harwood and William Cavalluzzo — have formed a private company to explore for minerals in Africa. The new entity, known as Sub Saha…
The nation of Zimbabwe takes its name from the ruins of the ancient empire of Monomotapa which thrived there for 1,200 years before European colonization. The ancients created a beehive of mining acti…
A junior company with a broad spectrum of commodity interests, Trillion Resources (TSE) is currently producing gold in Zimbabwe and exploring for base and precious metals, as well as diamonds, in othe…
Gold output in South Africa in 1994 fell to an estimated 587 tonnes, its lowest level since 1958, Gold Fields Mineral Services of London reports. The decline was spread throughout the year, although t…
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