CMCA announces new directors
The Canadian Mining Contractors Association has announced a new board of directors. The members were elected at the organization’s annual meeting in Edmonton, Alta.The board now includes: Robert Brown…
News
COMMENTARY — The Helms-Burton Act, Part 1
The U.S. Congress recently enacted the Cuban Liberty and Democratic Solidarity (Libertad) Act, also known as “Helms-Burton,” after its sponsors Senator Jesse Helms and Congressman Dan Burton. The Act …
STOCK MARKETS — Juniors take beating as resource markets struggle
Disappointing results deflated the resurgence of Labrador explorers, helping drag down the broader resource market over the report period ended May 21. The Vancouver Stock Exchange resource index lost…
PEOPLE — FIRST DYNASTY (May 27, 1996)
Marcus Randolph appointed president and director; Johannes Kotjo appointed chairman; T. Haddon, Marcus Randolph and Myron Goldstein appointed directors.
SOUTHEAST ASIA SPECIAL — Teck teams with Aussie partner
In Indonesia, six new contracts of work (CoWs) totalling 11,405 sq. km.have been awarded to Teck (TSE) and its Australian partner, Meekatharra Minerals.The companies hold a 90% interest in five of the…
Rupert and Glencairn shed 40% of Crocodile Tears
Partners Rupert Resources (VSE) and Glencairn Explorations (ASE) are vending a 40% interest in their Crocodile Tears property in northern Quebec to First Western Minerals (VSE).First Western can earn …
Etruscan expands Samira gold deposit in Niger
Diamond drilling on the Samira gold project in Niger has enabled Etruscan Enterprises (TSE) to trace the Samira sedimentary horizon over a strike length of 2.7 km.Geophysical surveys indicate that the…
Caldera earns into Aussie diamond play
A subsidiary of Caldera Resources (ASE) has formed a joint venture with an Australian junior to examine a diamond property in South Australia.Subject to regulatory approval, Caldera Resources NL can e…
Eden Roc reports profit from African gold mine
Annual earnings for Eden Roc Mineral (TSE) are finally in the black, following three years of unprofitable operations at its gold mine in Ivory Coast.For the year ended Dec. 31, Eden Roc earned $567,0…
Iamgold poised to become African producer
The coming year promises to be busy for Toronto-listed International African Mining Gold, otherwise known as Iamgold. Construction has started at its 38%-owned Sadiola Hill gold mine in western Mali, …
De Beers renews sales contract with Russian diamond producers
Following more than a year of difficult negotiations, De Beers Consolidated Mines and Russia have signed a contract for sales of Russia’s rough gem diamonds.The deal renews a 35-year relationship betw…
SOUTHEAST ASIA SPECIAL — BHP, Stellar work Philippine nickel project
While due diligence work continues on its Palawan nickel property in the Philippines, Stellar Gold (VSE) is proceeding with a prefeasibility study for the export of saprolite nickel ore.BHP Minerals i…