PEOPLE — P&H MINING EQUIPMENT
Stephen Light appointed vice-president of operations; Scott Alexander appointed vice-president and general manager of MinePro Services (International Group).
News
Quebec plans review of investment practices
In the wake in the Bre-X Minerals scandal, the three major organizations that represent the mining sector in Quebec have banded together to re-evaluate mining investment practices in that province.The…
ASIAN EXPLORATION — Exploration on the rebound in PNG — Yamana revisits deal with Union Mining
According to foreign-based juniors active in Papua New Guinea, the recent political turmoil in that country is subsiding, as are the associated adverse affects on early-stage exploration programs ther…
EDITORIAL AND OPINION — Will Zaire’s conversion bear fruit? — Sizing up Kabila
Put a few optimistic businesspeople in a room full of cynical journalists and watch the sparks fly. That’s what happened in Lubumbashi, a city in the heart of Zaire’s copper belt, in the aftermath of …
Greatest Value Traded, May 14-20
Exchg.Value ($000)HighLowCloseChangeBarrick GoldT…
ASIAN EXPLORATION — Freeport fights suit
Freeport McMoRan Copper & Gold (FCX-N) will file motions in U.S. courts that seek to dismiss a US$6-billion lawsuit over alleged human rights abuses near the Grasberg gold mine in Irian Jaya, Indonesi…
LETTER TO THE EDITOR — Untruths surround Tulsequah Chief
The David Suzuki Foundation has gone too far in its blind opposition of Redfern Resources’ Tulsequah Chief mine, a project the organization publicly attacked before the company had even completed its …
STOCK MARKETS — Western markets soured by reports of tampering — Diamond hunters, golds stumble; mixed bag for foreign-oriented juniors
Western markets continued to take it on the chin over the report period ended May 20 as reports of sample salting and tampering caused investors to back away from junior gold exploration stocks (see p…
ASIAN EXPLORATION — Vietnamese laws lure junior financing — Canadian firms show newfound interest
In 1995, foreign investors poured an estimated US$750 million into Vietnam, largely as a result of a series of free market reforms. And yet, despite this and other other economic improvements (diminis…
Delgratia stung by salting
Another scandal rocked the mining industry this week as Delgratia Mining (DELGF-Q) reported that someone had tampered with samples from its Josh property in Nevada.Situated south of Las Vegas, the 9,0…
ASIAN EXPLORATION — Colony forges ahead in Indonesia
Like many Canadian juniors exploring in Indonesia, Colony Pacific Explorations (CYX-T) is struggling to withstand the fallout created by the Bre-X Minerals scandal.The company’s share price has taken …
ASIAN EXPLORATION — Steppe Gold expands presence in Kazakstan — Focuses on oxide resources in Central Mizek and Suzlik deposits
At the same time that it works toward completing a feasibility study on the heap-leach potential of its 59%-held Mizek gold project in Kazakstan, Steppe Gold Resources (SPE-V) is acquiring other joint…