Prairie
Toronto-based junior McVicar Minerals (MVR-V) and Broken Hill Proprietary (BHP-N) will jointly explore for nickel and platinum-group-element deposits in North America, particularly in the Lake Superio…
News
Azimut Exploration options Kenyan gold properties
Montreal-based Azimut Exploration (AZM-M) is optioning two gold properties in Kenya from LaSource Development, a subsidiary of Australian major Normandy Mining (NDY-T).To acquire a half-interest in th…
Nora sells stake in Otjua Eden Roc seeks share consolidation New Mines Roundup
For just under $1 million, Montreal-based Nora Exploration (NXI-M) has sold its 47% interest in Otjua Minerals back to Elizabeth Bay Pty.Nora acquired the interest from Elizabeth Bay in the fall of 19…
New minerals legislation in sight for South Africa
Since the African National Congress (ANC) came to power more than five years ago, South Africa’s mining industry has been nervous about proposed changes to the country’s mineral policy, including a ma…
The South Africans are coming! (February 07, 2000)
Vancouver-based St. Jude Resources (SJD-V) has intersected more gold at its Hwini-Butre property in Ghana.The latest round of infill and stepout holes focused on the Adoikrom, Father Brown and Dabokro…
Resource base soars at Sigma mine
A re-thinking of the style of mineralization at McWatters Mining’s (MCW-T) Sigma-Lamaque open-pit gold operations in Val d’Or, Que., has resulted in a swelling of the resource base to at least 1.8 mil…
Newmont posts record production in latest quarter
An improved gold price and record gold production helped Newmont Mining (NEM-N) earn US$46.8 million, or 28 per share, in the quarter ended Dec. 31, 1999.Newmont posted record production of 1.22 mill…
Sulliden cuts narrow gold
A 10-hole drill program by Sulliden Exploration (SUE-M) has failed to replicate previous promising surface results from the Santo Toribio project in west-central Peru. The company will now target a si…
Wheaton posts record profits
Higher grades and recovery rates at the Golden Bear heap-leach mine in northern British Columbia have translated into record earnings for Wheaton River Minerals (WRM-T).In 1999, the company turned a p…
METAL PRICES (January 31, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJan. 25Jan. 24Jan. 21Jan. 20…
CMHF adds six members
At first glance, the six men inducted into the Canadian Mining Hall of Fame during a recent ceremony at Toronto’s Royal York Hotel seem to have little in common.Their accomplishments are diverse, incl…
Banks force Ashanti’s hand
Strapped for cash and with now place left to turn, beleaguered Ashanti Goldfields (ASL-N) has agreed to share its prized Geita gold project in Tanzania in an attempt to raise US$100 million in a separ…