Ventersdorp gathers steam in South Africa
Partners Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) have inked a $1-million loan agreement with South Africa’s Industrial Development Corp. The funds will be used to develop and ex…
News
SouthernEra tables resource
SouthernEra Resources (SUF-T) and equal partner Mvelaphanda Resources, a black empowerment group, have tabled an independently verified initial evaluation of three recently awarded platinum properties…
Kinross exec at luncheon
Scott Caldwell, chief operating officer of Kinross Gold, will speak at a luncheon of the Canadian Institute of Mining, Metallurgy and Petroleum, slated for Sept. 19, at the Ontario Club in Toronto.Cal…
The dowser
There was a local promoter years ago in Nova Scotia who was obsessed with what he called his “mothers,” or motherlodes, on his gold property, which was in an old mining district famous for its gold de…
Dummett killed in road accident
Geologist Hugo T. Dummett, whose knowledge of diamond exploration made BHP Billiton (BHP-N) a major force in world diamond mining, has died. He was 62.Dummett was killed in a single-car accident on a …
Bema options Salvadoran project
Vancouver — Bema Gold (BGO-T) has an option to earn up to a 75% interest in the high-grade Divisadero gold-silver property in El Salvador. The ground is held by Intrepid Minerals (IAU-V).Initially, B…
GREATEST VALUE TRADED, AUG. 28 – SEPT. 3
ExchgVal($000s)HighLowCloseChangeEcho Bay MinesT67111.661.431.65+0.17…
Aurion sheds stake in Zimbabwe platinum miner
Vancouver — Australian gold miner AurionGold has sold its 21% interest in Australian-listed Zimbabwe Platinum Mines (Zimplats) for A$35.3 million.Impala Platinum Holdings picked up the shares at A$1….
More Aussies trim hedge books
The J.P. Morgan June Quarter 2002 Review, released in late August, reports that hedging by Australian-based gold companies dropped 1.75 million oz. to 22.6 million oz. as of June 2002. The decline of …
Ontario geologists catch last bus
Additional registration applications in August have brought to 679 the number of Ontario geoscientists registered or applying for membership in the Association of Professional Geoscientists of Ontario…
Lending Rates (September 09, 2002)
As of 4 pm ET, Sept. 3, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.78LIBOR US$ 6-month1.75LIBOR US$ 1-year1.81Gold lease 3-month0.28Gold leas…
Nelson sells Tajik assets
Having decided to focus on its oil and gas interests, Nelson Resources (NLG-T) is selling its 44% stake in the Jilau gold mine in Tajikistan.The buyer is London-listed Avocet Mining, which will give N…