Ghanaian gold producer Ashanti Goldfields (ASL-N) maintained its profitability in the third quarter, while the pressure of near-term debt continued to subside. Ashanti made US$22.5 million (or US18 p…
Vancouver — St. Jude Resources (SJD-V) has launched a drilling campaign designed to trace the strike and downdip extension of high-grade zones at the Subriso and Hwini-Butre prospects in Ghana, West …
Vancouver — Initial results from ongoing drilling by Ariane Gold (AGD-T) have confirmed that high-grade zones occur in a broad gold resource at the Camp Caiman project in French Guiana.The infill pro…
The African Development Bank (ADB) has approved a US$12.5-million loan to La Socit des Mines du Liptako (SML) to finance the Samira Hill-Libiri gold mining project in Niger.SML is 80%-held by Africa…
The revised South African mining charter calls for 26% of every mine to be under black ownership within 10 years and for white-owned companies to help raise the R100 billion needed to achieve this obj…
With prestripping well under way following dewatering of the A-154 open pit, construction and commissioning of the Diavik diamond project in Canada’s barren north is on budget and ahead of schedule.Th…
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 29Oct. 28Oct. 25Oct. 24Oct. 23Al Alloy1255/126…
ExchgVol(000s)HighLowCloseChangeNelson ResT333440.650.550.60+0.05…
Noranda (NRD-T) intends to cut staff at its CCR refinery in Montreal by about 15%, citing revenue losses caused by striking workers at its Horne copper smelter in Rouyn-Noranda, Que.The smelter normal…
A study recently presented to the Department of Industry concludes that the energy industry is finding it difficult to raise investment capital, and that there is some danger the industry will cut bac…
Palladium producer Stillwater Mining (SWC-N) has endured another disappointing quarter, pocketing less than US$5 million in the three months ended Sept. 30.The US11-per-share profit comes on revenue …
Redstar Resources (RST-V) has changed its name to Redstar Gold (RGC-V) on a 1-new-for-6-old-share basis.Seine River (SRO-V) has changed its name to Trinity Plumas Capital…
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