Kwale project one step closer to fruition
A metallurgical flow sheet designed for the Kwale heavy mineral sands project on the coast of Kenya indicates high mineral recovery rates.The pilot-plant study, conducted by Australian-based MD Minera…
News
DIAMOND PAGE — Nora tightens grip on Namibian concession
Montreal-based Nora Exploration (NXI-M) is expanding its interest in the Namibian Gemstones diamond concession off the west coast of southern Africa.Nora can boost its interest to 40% from the current…
MINING MARKETS & INVESTMENT NEWS — Investment Commentary — Analysts see opportunity in slow startup
Mine startups are rarely bug-free, and it appears the newly launched Lihir gold mining complex in Papua New Guinea was no exception. Gold production has been lower than planned since commercial produc…
Jusuf Merukh named in dispute with AG Armeno
Jusuf Merukh, a former partner of Bre-X Minerals at the Busang project in Indonesia, is once again making waves in Canadian mining circles.The Indonesian mining promoter had previously attempted to su…
Payback from Sadiola begins to flow
Third-quarter earnings for Iamgold (IMG-T) show that the Sadiola Hill mine in western Mali has remained one of the best cost performers in the gold-mining world.In the same period, the project’s last …
Careers (November 16, 1998)
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Index (November 16, 1998)
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Homestake wipes slate clean with quarterly writedowns
Depressed gold prices have induced Homestake Mining (HM-N) to reduce to zero the carrying value of its namesake mine in South Dakota. As a result, the San Francisco-based company no longer expects to …
Kennecott finds more Alberta pipes — Additional targets await testing before year-end
Kennecott Canada Exploration has drill-tested five geophysical targets to date on the Legend property in northeastern Alberta, with only one miss — and, weather permitting, a further four targets are…
Meadowbank enters prefeasibility stage
Cumberland Resources (CDB-T) has advanced its Meadowbank gold project in the Northwest Territories to the prefeasibility stage.Over the next five months, Mineral Resources Development Inc. (MRDI) will…
Rio Narcea extends gold zone in northern Spain
Drilling at the El Valle mine in northern Spain is expanding high-grade gold mineralization in the recently discovered Sienna zone.The southernmost of the 13 holes that have penetrated the zone so far…
MINING MARKETS & INVESTMENT NEWS — QUERY — New Golden Sceptre under suspension
I own shares in New Golden Sceptre Minerals but have not been able to learn about that company. In fact, it has been over three years since I received any communication from them. The last address I h…