DIAMOND PAGE — Argyle mine expansion under way
The huge Argyle diamond mine in Western Australia is getting bigger.Argyle joint-venture partners Rio Tinto (RTP-N), Ashton Mining and the Western Australia Diamond Trust, have approved the developmen…
News
DIAMOND PAGE — SouthernEra sells diamond parcels
SouthernEra Resources (SUF-T) has sold several parcels of rough diamonds from its Klipspringer mine in South Africa and its Angolan alluvial operations.Over the past four months, Klipspringer has prod…
Antares bails out of Rappa Holdings
Toronto-based Antares Mining & Exploration (ANZ-T) is selling its 25% indirect interest in South Africa-based Rappa Holdings.Rappa specializes in recovering gold and other precious metals from a varie…
Companies (July 06, 1998)
Altius MineralsAntares Mining and ExplorationAscot ResourcesAshton MiningAteba MinesAur ResourcesBema GoldBreakwater ResourcesCampbell ResourcesCanabrava DiamondChannel ResourcesComaplex MineralsCumbe…
Meliadine West jumps prefeasibility hurdle
An independent prefeasibility study has given the thumbs-up sign to the Meliadine West gold project, situated 70 km north of Rankin Inlet, N.W.T.The Meliadine West project is a joint venture among Cum…
MINING MARKETS & INVESTMENT NEWS — Bema Gold and Arian Res. close merger agreement
The recent takeover of Arian Resources by Bema Gold (BGO-T) has given the latter firm a majority interest in Omsukchansk Mining and Geological, which owns the Julietta gold-silver deposit in Russia’s …
LETTERS TO THE EDITOR — Isolation breeds ignorance — Nature of business contributes to carelessness
The passing of David Walsh, the late president of Bre-X Minerals, closes the final chapter on an individual who orchestrated one of the biggest snowjobs in the history of the exploration industry.He w…
MINING MARKETS & INVESTMENT NEWS — New Altius properties get boost from financing
Proceeds from a private placement by Altius Minerals (ALS-A) will enable the company to fund work programs at several gold properties in Newfoundland.The St. John’s, Nfld.-based company raised $210,00…
MINING MARKETS & INVESTMENT NEWS — Antares buys more of Steppe Gold
After completing a due diligence review, Antares Mining and Exploration (ANZ-T) has exercised its option to acquire a $1.7-million convertible debenture of Steppe Gold (SPE-V).The debenture is convert…
Partners resume program
Partners Prospectors Alliance (PALL-C) (with privately held co-venturer Explorers Alliance), Falconbridge (F-T) and the exploration arm of Minorco (MNRC-Q) subsidiary Hudson Bay Mining and Smelting, h…
Copper looking down a long, dark tunnel — Surpluses, weak demand could depress price for several years
Anyone that cashed out of the copper market around the time of the Sumitomo rogue-trading scandal had impeccable timing.Recent reports on the copper market by two metal trading firms and a Canadian ba…
MINING MARKETS & INVESTMENT NEWS — QUERY — Great Basin financing Nevada projects
In The Northern Miner of March,. 9/98, you carried a story entitled “Great Basin hits bonanza grades at Ivanhoe.” It says that results of the remaining drill test were expected later that month.I have…