Placer closes takeover
Placer Dome (PDG-T) has received US$97 million in return for selling the non-Porgera assets acquired in its takeover of Highlands Gold.Highlands Gold owned 25% of the Porgera gold mine in Papua New Gu…
News
Rux Resources signs agreement for Russia’s Vorontsovsk gold deposit — Junior must complete scoping study and examine social aspects
A letter of intent with two Russian companies sets the stage for Rux Resources (RUXR-c) to acquire a 49% interest in the Vorontsovsk gold deposit situated 400 km north of Yekaterinburg, Russia.Previou…
PEOPLE — CALLIOPE
Cecil Bond appointed director.
Redaurum, Auridiam settle dispute
Having settled a legal dispute, partners Redaurum (RRK-T) and Auridiam Consolidated plan to increase production at their River Ranch diamond mine in Zimbabwe.In order to settle a dispute related to th…
PEOPLE — ELDORADO (June 09, 1997)
Antonio Zini appointed director of exploration for Brazil.
PEOPLE — CONS. VISCOUNT
Eckhardt Koppen appointed director.
PEOPLE — ALDA INDUSTRIES
Stewart Jackson appointed president and director; Kelvin Dushnisky appointed director.
LETTER TO THE EDITOR — Streamlining works for industry
I feel I must respond to the article “Ontario’s regulatory process a source of frustration for miners,” (T.N.M., May 12/97).The source for this excerpted material was a report entitled “The Economic a…
DIAMOND NEWS ROUNDUP — Tandem finds rubies
Further analyses by Lakefield Research has confirmed the presence of rubies in a kimberlite pipe discovered by Tandem Resources (TDM-T) in Guibord Twp.in northern Ontario.The company previously report…
Refugio mine adds fuel to Bema’s quarter
Operations at its 50%-owned Refugio gold mine in central Chile contributed to first-quarter earnings of US$198,000 for Bema Gold (BGO-T), compared with US$514,000 for the same period in 1996.Refugio p…
Drilling outlines gold zone at Asuadai
A 19-hole drill program at the Asuadai prospect in Ghana has outlined potentially economic mineralization for joint-Venture partners Golden Knight Resources (GKR-T) and Leo Shield Exploration.The 1,51…
Toronto Stock Exchange Indices (June 09, 1997)
1997June 3June 2May 30May 29May 28HighLowComposit…