SPOT PRICES (January 26, 1998)
Wednesday, January 21, 1998Price (US)Week’s ChangeGold*$291.90+ $6.00Silver*$ 5.80…
News
AFRICA — Global still finding plenty of diamonds in South Africa
San Diego-based Global Diamond Resources (GDRS-O) is forging ahead with two advanced-stage projects and a bulk sample program at its diamond properties in South Africa.Of the three properties, the mos…
Asia Minerals drops Yingezhuang
A clash of business cultures appears to be the main reason why Asia Minerals (AMP-A) has decided to terminate the Yingezhuang gold joint venture with the Zhaoyuan Gold Industrial Group of China.After …
AFRICA — Ashanti options Kraapian gold project
An agreement with London-based Reunion Mining sets the stage for Ashanti Goldfields (AHD.U-T) to earn up to a 65% interest in the Kraapian gold project in Botswana.To earn the interest, Ashanti must f…
Companies (January 26, 1998)
Aber ResourcesAce DevelopmentAdikann GoldfieldsAlberta EnergyAmCan MineralsAmerica Mineral FieldsAnglo AmericanAnglo VaalAnvil Range MiningApex Silver MinesAsarcoAshanti GoldfieldsAshton Mining of Can…
Don Mario advances to feasibility
After studying a variety of development proposals from third parties, management of Orvana Minerals (ORV-T) has decided to retain a 100% interest in the Don Mario gold-copper project in eastern Bolivi…
AFRICA — Zambia nears end of ZCCM privatization — Kafue Consortium snaps up Nchanga-Nkana copper-cobalt complex
Zambia has undergone a remarkable economic transformation during the last few years, as large parts of its economic engine, state-owned Zambia Consolidated Copper Mines, have been broken off and sold …
AFRICA — Banff advances Kasese cobalt project in Uganda
Ugandan officials are counting on Banff Resources (BFF-V) to lead the East African country back to a significant level of metal production.Uganda’s mining industry has spent about two decades in the d…
AFRICA — NEWS ROUNDUP — AmCan completes acquisition
Toronto-based AmCan Minerals (AMF-V) has completed negotiations to acquire 100% of the outstanding shares of Oriole Mining.Oriole’s assets include five major diamond-bearing properties in Angola, thre…
AFRICA — NEWS ROUNDUP — Nora boosts throughput
A new treatment plant installed by Nora Exploration (NXI-M) is operating on schedule and below estimated cost at the company’s diamond project in Ghana.The junior says the plant, which consists of two…
AFRICA — Minorca eyes Ghanaian gold
Best known for its attempt to acquire a stake in the Busang project in Indonesia, Minorca Resources (mar-t) has since shifted its focus to Africa.The Toronto-based junior recently signed an agreement …
Guyanor makes progress in French Guiana
Drilling by Guyanor Ressources (GRL.B-T) has increased the known extent of massive sulphide mineralization at the Paul Isnard project in French Guiana.Guyanor’s objective is to fill in the areas of kn…