Highlands rebuffs takeover bid by Placer
Placer Dome (PDG-T) has been rebuffed in its attempt to take over Highlands Gold, the Papua New Guinea-based company that owns 25% of the Porgera gold mine.The major offered US$340 million (or A70 cen…
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DIAMOND NEWS ROUNDUP — Redaurum to finance mine expansion
A rights offering is expected to generate proceeds of $3.3 million for Redaurum (RRK-T), to be used, in part, to expand diamond operations in North America.The company plans to expand its Kelsey Lake …
Farallon hits pay dirt at Campo Morado
At its Campo Morado property in Mexico, Farallon Resources (FAR-V) has uncovered a new, metals-rich massive sulphide deposit.Dubbed South Naranjo, the deposit was discovered during a drill campaign on…
Quebec releases new geological maps
Quebec’s ministry of natural resources has published 20 new geological maps based on geographical information system (GIS) technology.The System d’information Gominiere a rfrence spatiale (SIGOM) will…
Busang deal still awaited
The Busang gold deposit in Kalimantan continues to interest major mining companies, despite uncertainty related to the status of negotiations between the deposit’s owner, Bre-X Minerals (BXM-T), and s…
NWMA annual meeting underscores exploration strengths in North America
The current success of the mineral industry in the U.S. would not be possible were it not for the co-operation of Canadian financial institutions, according to Douglas Silver, a mineral economist with…
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ODDS’N’SODS — The end of the road
In 1961, I moved from a small town in Nova Scotia to the vibrant community of Red Lake, Ont.On my first morning on the job at the Madsen Red Lake gold mine, I was sent into town to receive a chest X-r…
MEMS prepares for annual conference
The Mineral Economics and Management Society (MEMS) will hold a conference from Feb. 27 to March 1 in Boulder, Colo.Speakers scheduled to address the conference include: Robert Waline of the Environme…
USGS offers CD-ROM packages
The U.S. Geological Survey has compiled a set of eight computer software packages previously released by the now-defunct Bureau of Mines.The software, available on CD-ROM, includes prefeasibility spre…
Calgary to host international coal conference in 1997
The International Committee for Coal Research will host a conference from Sept. 9 to 12, 1997, in Calgary, Alta.The session will examine the latest developments in the production, transportation and u…
DIAMOND NEWS ROUNDUP — Sonora Gold to buy out diamond royalty
A private placement has provided proceeds of $5 million for Sonora Gold (SON-T), a junior company which, through subsidiaries, owns and operates a diamond mine in South Africa.The company will use the…