Echo Bay says no-no to Kingking
Echo Bay Mines (ECO-T) has decided to not proceed with the acquisition of a 75% interest in the Kingking copper-gold porphyry deposit in the Philippines from Benguet (BE-N).Echo Bay and its 25% partne…
News
Seahawk in Brazil
Seahawk Minerals (SKM-V) has signed agreements with two Brazilian companies to acquire two gold properties in the South American country.The first property consists of three concessions — Lavras, Pal…
Normandy profit jumps
Australian-based major Normandy Mining saw its net profit jump by more than half this past quarter.In the three months ended Sept. 30, Normandy recorded a consolidated net profit of US$32.1 million (u…
MacDonald launches golden takeover
MacDonald Mines (MMP.A-A) has signed an agreement with Mill City Gold Mining (MIV-V) to acquire the latter’s 46.5% controlling interest in Golden Hill Mining (GHMC-C).For each share owned by Mill City…
PRODUCER AND DEALER PRICES (November 03, 1997)
Aluminium: LME settlements US$1,535, alloy US$1,405 per tonne (Oct. 28/97).Antimony: Composite free market, US$1,900 per tonne (Oct. 28/97).Bismuth: Composite free market US$3.40 per lb. (Oct. 28/97)….
Meetings (November 03, 1997)
MEETINGSNov. 3, Red Fox Nov. 7, New Goldcore Nov. 7, Newfields Nov. 7, Slocan Rambler Nov. 9, Sirios Nov. 10, Conquistador Nov. 10, Continental Precious Nov. 12, Argentina Gold Nov. 12, Coleville Nov….
Companies (November 03, 1997)
INDEXAgnico Eagle MinesAlmaden ResourcesArizona Star ResourceArmada GoldAsarcoAtna ResourcesAurizon MinesBarrick GoldBema GoldBenguetBHP CopperBlackstone ResourcesCambiorCamecoCanadian M…
Atapa applies Western thinking to Indonesian property
Cikotok, Indonesia — For the natives living in this village on the southwestern coast of Java, local small-scale mining projects run by state-owned Aneka Tambang (Antam) provide jobs necessary to sup…
LATIN AMERICA — Rio Tinto gains stake in El Acay property
Arizona-based Aranlee Resources (ARB-V) has signed an agreement with Rio Tinto Mining (RTP-N) whereby the latter can acquire a 48-sq.-km gold-copper property in Argentina known as El Acay.Aranlee hold…
LATIN AMERICA — Cambior concludes feasibility study at El Pachn $900-million copper-molybdenum project on road to development
A feasibility study of the Pachn copper-molybdenum project in Argentina has given the green light to manager Cambior (CBJ-T) and its equal partner, the Argentine firm Compania Minera San Jos.The proje…
LATIN AMERICA — Sur American intensifies drilling in Cordillera Occidental
At its wholly optioned Mina Rica property in western Colombia, Sur American Gold (SUR-A) has launched a drill program with the intention of testing the potential for low-to-medium-grade bulk-tonnage g…
LATIN AMERICA — Golden Star searches for kimberlites, gold — Second round of drilling planned
Guyanese diamond explorer Golden Star Resources (GSC-T) is bucking conventional wisdom in its search for a primary source of gems in that South American nation.The company rejects the idea that diamon…