Tanzania opens its doors to foreign investment
Although best known for such scenic wonders as Lake Victoria, Mt. Kilimanjaro and the Serengeti plain, Tanzania is also rich in mineral resources such as gold, diamonds and nickel. Those resources hav…
News
Suntac raises funds for Polaris drilling
Funding for a drilling campaign at the Polaris-Taku project has been arranged by Suntac Minerals (VSE) through a 2.5 million-unit private placement at 20 cents per unit. The units include a warrant to…
WisCan drops Wisconsin option
A joint venture agreement between WisCan Resources (TSE) and Noranda (TSE) to explore the Goodman North and South, Reef and Enterprise projects in Wisconsin has been terminated. WisCan was formed just…
Mineral council remains player in Mexican exploration planning
When the Mexican government decided in 1990 to privatize its mining sector and open the gates to foreign investment, it put its own mineral resource branch in an unfamiliar position. Now that vast tra…
B.C. proposes to change rules on mine development, compensation
British Columbia’s mining industry is expressing a wide range of concerns about the provincial government’s proposed environmental assessment legislation and the establishment of a commission of inqui…
Turnkey contract for acid plant
Two subsidiaries of SNC-Lavalin Inc. of Montreal have signed a lump sum turnkey contract with Compania Minera Disputada de Las Condes SA of Santiago, Chile, for a US$23 million sulphuric acid plant. T…
Precious metal potential of Suriname to be tested
Rapidly joining the ranks of South American countries trying to attract exploration and development dollars is Suriname. The country is squeezed between Guyana on the west and French Guiana on the eas…
Focus on Caribbean and Latin America
The major goal of the Canadian Council for the Americas (CCA) is to further expand the Canadian business communitys activities in Latin American and Caribbean countries. CCA, a non-profit organization…
Greenstone moves into Nicaragua
The right to acquire the Libertad gold mine in Nicaragua has been awarded to Greenstone Resources (TSE) and partners by the government of that country. Greenstone says open pit reserves stand at 9.73 …
Ariel increases Costa Rican output
Output at the Tres Hermanos project of Ariel Resources (VSE) in Costa Rica in the companys latest fiscal year rose to 7,615 oz. gold and 10,164 oz. silver. Gold production more than doubled compared w…
Costa Rica offers opportunities
Gold and silver have been the most significant metals produced in Costa Rica. Production has been primarily from vein-stockwork deposits hosted by tertiary volcanics and sediments related to a still a…
Rising demand for gold jewelry a bullish sign
Despite the recession in North America, demand for gold to fabricate jewelry reached record levels last year and may even have climbed as high as 2,000 tons, according to estimates by the World Gold C…