Gov’t to spend millions at Kam Kotia
The Ontario government will spend $3 million to clean up the former Kam Kotia mine, a copper-zinc producer near Timmins, Ont., that operated in the 1940s and 1960s.The work is part of a $27-million pl…
News
Namco profits soar
Stronger production and higher realized prices enabled marine diamond miner Namibian Minerals (NMR-T) to post a tidy profit in 1999.Earnings topped US$17.1 million (or 43 per share) on 1999 revenue o…
Majors hot for Ashanti’s stake in Geita project
Ashanti Goldfields’ (ASL-N) fire sale of a 50% joint-venture interest in its promising Geita mine project in the Lake Victoria Goldfields of northwestern Tanzania has attracted the attention of a half…
No Headline (March 05, 2000)
Diversity key to Southwestern Gold’s strategy
Southwestern Gold (SWG-T) has dealt itself an enviable hand in the resource sector. In addition to exploring for gold, silver and base metals in Peru, Chile and China, the Vancouver-based junior is hu…
Channel Resources keeps hopes alive in Burkina Faso
Five years ago, Channel Resources (CHU-T) was one of many Canadian juniors exploring in the West African nation of Burkina Faso. Today, it’s one of the few still on the trail of bulk-tonnage gold depo…
Deposits augur new era for Nunavut
A trio of deposits in the newly created Canadian territory of Nunavut is inching closer to becoming the cornerstone for a new era of mining in the region, where most of the existing mines are close to…
Partners explore Ecuador
Corriente Resources (CTQ-T) has joined forces with Arizona-based Lowell Mineral Exploration and London-listed Billiton to explore for porphyry copper deposits in southeastern Ecuador.The area of inter…
Newmont boosts Yanacocha
Denver — Exploration drilling by Newmont Mining (nem-n) at its 51%-held Yanacocha gold mine in northern Peru increased reserves by 60% in 1999, over and above the 50% increase reported for the previo…
Altoro tables rhodium results from Pedra Branca
Junior Altoro Gold (ATG-V) has tabled encouraging rhodium assay results from drill core pulled from the Pedra Branca platinum-palladium project in Brazil.Half of the samples were derived from the Esba…
Gold Fields aims to compete globally
Gold Fields (GOLD-Q), the world’s third-largest producer of the yellow metal, is taking steps to expand its asset base, according to statements made by the senior vice-president of exploration.Speakin…
Seahawk advances Piteiras property
Preliminary results from 4,000 metres of core drilling at the Piteiras emerald property in Minas Gerais state have expanded the size of the deposit by roughly a third.Using results from the first half…