MINING IN CANADA — Harmony buys Bissett mine
Harmony Gold Mining of South Africa has purchased the Bissett gold mine from the receivers handling the bankruptcy of Rea Gold.For most of its corporate life, Harmony was a unit of Randgold. By the en…
News
NEW MINES ROUNDUP — Noranda looks to 1999 start for Bell Allard
Operator Noranda (NOR-T) is looking to start production at the Bell Allard zinc-copper mine in Quebec’s Matagami region by the second quarter of 1999.Capital costs for the 2,000-tonne-per-day operatio…
NEW MINES ROUNDUP — Royal Oak forges ahead at Kemess
A recent US$120-million financing is enabling Royal Oak Mines (RYO-T) to complete construction of the Kemess gold-copper mine in north-central British Columbia.The open-pit mine is scheduled to come o…
geology 101
Banded iron formation-hosted gold deposits, Part 2Banded iron formation-hosted gold deposits are important in terms of Canadian and U.S. gold production, as illustrated by mines such as the Lupin and …
MINING IN CANADA — Goldcorp finds new gold zone at Red Lake mine
Underground drilling at the Red Lake mine in northwestern Ontario has expanded one gold zone and led to the discovery of another, Goldcorp (G-T) reports.The company recently completed 135 diamond dril…
Plata tests zone in Peru
Preliminary exploration by Plata-Peru Resources (PPU-A) has confirmed the presence of base metal mineralization near its Pachapaqui mine in Peru.Work included ground geological mapping and sampling of…
Index (May 04, 1998)
CareersClassifiedDiamond PageDrillersEditorialFacts’n’FiguresGeologyInsider TradingInvestment CommentaryMetal PricesMining Markets and Investment NewsObituaryPeopleProfessional DirectoryStock MarketSu…
Production on rise for Greenstone
Production at the Central American gold mines of Greenstone Resources (GRE-T) is on track to reach 233,000 oz. gold in 1998, a substantial increase from the 63,563 oz. produced in 1997.For the first q…
LME WAREHOUSE LEVELS (May 04, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Apr.28/98 (change from Apr. 21 in brackets):MetalStock(tonnes)Change…
NEW MINES ROUNDUP — Diavik mine proposal moves forward
With more than $80 million spent to date on environmental and technical studies, Aber Resources (ABZ-T) and Diavik Diamond Mines have submitted a mining proposal for their Diavik project 300 km northe…
NEW MINES ROUNDUP — Echo Bay defers plans for Aquarius
Low gold prices have prompted Echo Bay Mines (ECO-T) to defer construction at the Aquarius gold project near Timmins, Ont. Echo Bay owns 100% of the project, which, at last report, hosted reserves of …
Ecuadorian consolidates holdings at Gaby
Zappa Resources (ZPA-V) is set to deal its interest in the Gaby gold deposit in southern Ecuador to Ecuadorian Minerals (EMC-T).In a deal valued at US$1.6 million, Ecuadorian would take sole interest …