NEWS IN BRIEF (January 26, 1998)
Terragold Exloration (tgr-v) has changed its name to Terramin Resources (tgr-v).
News
AFRICA — Hartley mine ships PGM’s
The Hartley platinum mine in Zimbabwe is expected to reach full production by the end of 1998, reports operator Broken Hill Proprietary.The Australian-based company made its first shipment of platinum…
METAL PRICES (January 26, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJan. 20Jan. 19Jan. 16Jan. 15Jan…
PEOPLE — DONNER MINERALS
Harvey Keats appointed president, CEO.
PEOPLE — TKO RES. (January 26, 1998)
Robert Burton appointed president; Saverio Loria, Rashid Aziz and Nicholas Temple appointed directors.
PEOPLE — AMERICA MINERAL FIELDS (January 26, 1998)
Charles Pitcher appointed president, CEO.
AFRICA — Nigeria seeks mineral investment
Nigeria is seeking foreign investment to revitalize its mineral sector.The West African nation is considered to be a single-product economy, with oil accounting for 90% of its gross domestic product. …
AFRICA — Top ten exploration spenders continue to invest in Africa
African projects were not ignored by the ten largest spenders of exploration dollars in 1997.A study by Metals Economic Group shows that 10 companies — BHP Minerals, Rio Tinto, Placer Dome (PDG-T), N…
Placer Dome to suspend construction at Las Cristinas
Placer Dome (PDG-T) has announced that its operating company, Minera Las Cristinas (Minca), has decided to suspend mine construction at the Las Cristinas gold property in Venezuela until an ownership …
AFRICA — Poplar eyes diamond project
Poplar Resources (PPX-V) intends to begin a bulk-sampling program at the Aardvark and Barkly West kimberlite fissures in South Africa.The company can earn up to a 60% interest in the diamond projects,…
Pegasus crash-lands under debt load
Pegasus Gold (PGU-X) has lost its fight against the dwindling gold price and filed for bankruptcy protection after unsuccessful appeals for clemency to its major creditors.The company had been in nego…
Anvil Range shuts Faro again — Company granted protection from creditors
Financially troubled Anvil Range Mining (ARO-T) has been granted court protection from its creditors by the Ontario Court (General Division).The company will be protected, until Feb. 16, under the Com…