Minorco eyes properties of Triarx Gold
Resource giant Minorco has entered the Papua New Guinea resource sector by forming a joint venture with a Toronto-based junior holding several projects in the Southeast Asian nation.The recent agreeme…
News
Inter-Rock expands Daisy
Inter-Rock Gold (IRO-T) reports that infill and extension drilling on the northern part of the Mother Lode deposit at its Daisy gold mine near Beatty, Nev., may eventually boost the mine’s tonnage and…
Underground program proceeds at Beaver Brook — Exploration aims to expand reserves
With mill construction now complete, Roycefield Resources (RYC-T) expects to begin processing antimony ore next month at its Beaver Brook project in central Newfoundland.The company spent $4.6 million…
Legislation aids mining ventures
Mongolia’s resource sector is expected to benefit from a series of amendments to the country’s investment laws.The legislation was enacted following an international investors conference sponsored joi…
Cumberland reports strong grades at Meliadine
The latest results from the Meliadine West gold project in the Northwest Territories bode well for equal partners Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T).The project is under option…
PRODUCER & DEALER PRICES (July 14, 1997)
Aluminium: LME settlements US$1,545.50 per tonne, alloy $1,410 per tonne (July 8/97).Antimony: Composite free market, US$2,025 per tonne (July 7/97).Bismuth: Composite free market US$3.85 per lb. (Jul…
STOCK MARKETS — Gold drops like a brick as western markets stumble — Junior explorers hit hardest, despite good news for some
Gold tumbled to a 12-year low during the report period ended July 8, with western markets following close behind. The Vancouver Stock Exchange composite index lost 60.86 points, or 7.03%, to close at …
PEOPLE — EMPEROR GOLD (July 14, 1997)
James Askew appointed president and chief executive officer.
GREATEST VALUE TRADED (July 14, 1997)
ExchgValue($000s)HighLowCloseChangeBarrick GoldT2…
Mongolian mining still in infancy
Mongolia is a vast highland country, land-locked between Russia to the north and China to the south. The breakup of the Soviet Union in 1989 ended some 70 years of influence over Mongolia, which has e…
DIAMOND NEWS ROUNDUP — United Reef plans to market more diamonds
In June, a newly commissioned recovery plant at the MBala project in the Central African Republic enabled United Reef (URP-T) to recover 486.48 carats of diamonds from the processing of 7,907 tonnes o…
Mining companies urged to note differences in laws
Failure by mining companies to understand the differences between anglophone and francophone legal systems in Africa countries can prove costly, according to a study by Price Waterhouse.African countr…