Pangea raises funds; explores Ontario, Africa
A private placement worth $7 million has been arranged for Pangea Goldfields (CDN). The company received, from European and North American institutional investors, $4.6 million and expects to receive …
News
COMMENTARY — Philippine mining struggles
The glitter is fast fading from the Philippines’ once-thriving mining industry, which is slowly being strangled by excessive taxation, ambiguous policies and sagging prices abroad. “The death bell is …
OBITUARIES — R. Hewton, C. Westerman and Robert Rivera
A helicopter crash on March 24 claimed the lives of Robert Hewton, 47, and Christopher Westerman, 49. The well-known Canadian exploration geologists died in Ecuador where they were evaluating mineral …
Metals, minerals sub-index continues to rise in February
The metal and mineral sub-index of Scotiabank’s commodity price index rose again in February alongside firmer prices for base metals. London Metal Exchange (LME) copper prices have strengthened from a…
LAST BUT NOT LEAST — Minefinders outlines four gold zones
Vancouver-listed Minefinders has outlined four gold zones on its two properties in Randolph Cty., N.C. A 5,000-ft. program of reverse circulation drilling on the Sawyer property confirmed the existenc…
Minera Rayrock discovers three new copper oxide zones
Three new shallow copper oxide zones have been discovered by Minera Rayrock (TSE) on the company’s Sierra Valenzuela copper property in Chile. The Esperanza, Brac and Ancla were discovered with a shor…
Cameco to start production at Contact Lake gold project
After initiating an underground exploration program on the Contact Lake gold project in northern Saskatchewan last July, Cameco (TSE) has decided to put the deposit into production. The Contact Lake p…
NEWS ROUNDUP — Aronos prepares mobile plant
A mobile, self-contained gold-processing plant is set to commence operations this month at the Cumaral property of Aronos Multinational (CDN) in Sonora, Mexico. The company says the plant, designed an…
THE DIAMOND PAGE — Redaurum’s diamond production in Zimbabwe
Toronto-listed junior Redaurum Red Lake Mines, has been setting new production records half a world away. Earlier this month, the company’s 50% owned River Ranch diamond mine in southern Zimbabwe prod…
Canada to stem gold sales from its Central Bank
The Canadian government’s policy of having the central bank of Canada sell off its gold reserves will be wound down, according to Finance Minister Paul Martin. “We have come to pretty near the end of …
American Gem acquires technology to treat sapphires
A deal has been signed allowing American Gem (TSE) to purchase Crystal Research, a private California company that was instrumental in developing a heat-treatment process for Montana sapphires. Sapphi…
NEWS ROUNDUP — New Canamin cements Huckleberry
The acquisition of an outstanding “back-in” right on the Huckleberry copper property near Kemano, B.C., gives New Canamin Resources (VSE) an unencumbered 100% interest in the project. Kennecott had th…