Placer bids to acquire PNG company
A takeover bid has been launched by Placer Dome (PDG-T) for Highlands Gold, a Papua New Guinea-based company that owns 25% of the Porgera gold mine, and for the remaining 24.6% interest of subsidiary …
News
FACTS’N’FIGURES — Gold demand stays high
Aggregate gold demands in the markets monitored by the Geneva-based World Gold Council reached 655 tons in the third quarter of 1996, just 2% below the record high of 668 tonnes for the corresponding …
THE DIAMOND PAGE — Guyanor advances Dachine prospect
At the Dachine diamond property in French Guiana, bulk sampling by Guyanor Ressources (GRL.B-T) and Australian-owned BHP Minerals is nearing completion.Since August, the partners have collected 207 to…
THE DIAMOND PAGE — Archangel expands Russian pipe
Junior Archangel Diamond (AAD-V) continues to size up pipe 441 at its 40%-held Verkhotina diamond project in northwestern Russia.The latest results from hole 46 include the recovery of a gem-quality, …
Goldcorp makes new bid for Wharf Resources
Toronto-based Goldcorp’s (G.A-T) bid for subsidiary Wharf Resources (WFR-T) has received a lukewarm vote of confidence from Wharf’s independent directors following a valuation of the company.Wharf’s d…
Drills turn at Riyadh property
The second phase of a 50,000-ft. drill program is under way at the Riyadh gold property in Ghana, West Africa.Operator Intenational Tournigan (ITG-V) says new roads and 15 drill pads have been constru…
THE DIAMOND PAGE — Sonora sells diamond parcels from African mine
A diamond venture in South Africa is providing a new focus for Sonora Gold (SON-T), a junior previously active in gold exploration in California.Sonora recently acquired Windsorton Mining, which, in t…
Breakwater Resources aims to join zinc big-leagues
Having closed the acquisition of the Nanisivik mine in the Arctic, and with the Caribou and Restigouche mines slated for production, Breakwater Resources (BWR-T) expects to be the third-largest zinc p…
Eldorado raises exploration funds
Junior Eldorado Gold has completed its merger with exploration affiliate HRC Development and entered into a $91-million financing agreement.A syndicate of underwriters will buy 10 million special warr…
COMMENTARY — The power of public opinion
When it comes to mining, government is a big player, and the impact it has on our industry is enormous.Land use, land claims, mineral tenure, taxation and the labor code (to name but a few areas) are …
PEOPLE –PATRICIA MINES
Stephen Mlot appointed president and director; John Hill appointed director.
PEOPLE –PANTERRA MINERALS
James Villegas appointed director.