Aquiline buys Calcatreu project
Aquiline Resources (AQI-V) is acquiring Newmont Mining’s (NEM-N) Calcatreu gold project in Argentina.In return it must pay more than US$2 million over three years, with US$100,000 due on the deal’s cl…
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NovaGold eyes more gold at Donlin (February 10, 2003)
NovaGold Resources (NRI-T) expects the final round of 2002 drilling on the Donlin Creek project in Alaska to expand current resources and boost five high-grade zones to the status of measured and indi…
Higher output from Diamond Fields
The recovery of 4,700 carats of gem-quality diamonds from the Marshall Fork deposit has prompted Diamond Fields International (DFI-T) to add a second mining vessel to its Luderitz Blue Bay grant off t…
Melville yields diamonds for Northern Empire, Stornoway
Vancouver — The cloak of secrecy under which Northern Empire Minerals (NEM-V) and Stornoway Ventures (SWV-V) acquired more than 5,200 sq. km in Nunavut has proved efficacious: the partners have disco…
Ontario spends $10m on mine rehab
The Ontario government will spend $10 million this year on a program designed to rehabilitate abandoned mines.The work is being carried out under the $27-million Abandoned Mines Rehabilitation Program…
Gold demand slows in India, Pakistan
Consumer demand for gold in India was 8% lower in the third quarter of 2002 than a year earlier. However, the decrease was less severe than the 44% drop between the first half of 2002 and the first ha…
Phelps Dodge
Rio Tinto (RTP-N) and Anatolia Minerals (YMC.U-V) will resume drilling on the Copler (Cukurdere) prospect in Turkey.The partners’ objective is to confirm and expand the shallow, oxide component of the…
America Mineral Fields still keen on Kolwezi cobalt
Although hopes for better days are routinely crushed in the Democratic Republic of Congo, London-based America Mineral Fields (AMZ-T) is optimistic recent peace negotiations will finally allow its Kol…
Morila shapes up as money-spinner for AngloGold, Randgold; Kolwezi; Diamond Fields
Mine proves to be a company-maker for RandgoldThe Morila mine in southern Mali is clearly a mine with a problem.The operation, which poured its first gold in the last quarter of 2000 and its millionth…
U of T, SEG offer diamond course
The University of Toronto chapter of the Society of Economic Geologists will present a short course on diamond exploration on March 7 and 8.The event coincides with the annual convention of the Prospe…
Monroe soars on London diamond find
The recovery of seven gem-quality diamonds from the London alluvial diamond project in South Africa sent shares in Monroe Minerals (MMX-V) soaring 20, to 45, in early trading in Vancouver on Feb. 5….
Kinross jumps to senior ranks as gold soars
Although it came as no surprise, Kinross Gold made headlines over the Jan. 28-Feb. 4 report period by concluding its long-awaited 3-way merger with TVX Gold and Echo Bay Mines to become Canada’…