Nord Pacific gets green light for mine in PNG
The government of Papua New Guinea has granted Nord Pacific (NORPY-Q) a licence that will allow the company to develop the Simberi gold mine in the Tabar Islands.”This is the first step in the develop…
News
Government privatizes Bakyrchik
The government of Kazakstan has decided to sell its 60% stake in the problem-plagued Bakyrchik mine complex to its joint-venture partner, Bakyrchik Gold of London.Bakyrchik Gold, which has owned 40% o…
Etruscan deals Tiawa option to Placer Dome
An agreement between Etruscan Enterprises (ETT-V) and the African subsidiary of Placer Dome (PDG-T) has given that company an option for a 51% interest in the Samira gold deposit in Niger.The deal cov…
Battle Mountain keen on Vera and Holloway properties
The size of the Vera-Nancy gold deposit in Australia could be significantly increased, according to Battle Mountain Gold (BMG-N).In a presentation before gold analysts in New York City, Karl Elers, Ba…
CIM talk to focus on gold, markets
Gold will be the subject of a special meeting of the Canadian Institute of Mining, Metallurgy and Petroleum, to be held at 5 p.m. on Jan. 16 at Toronto’s Ontario Club.Pierre Lassonde, president of Fra…
PEOPLE — FOOTWALL EXPL.
Nicholas Vlaovich and William Myers appointed directors.
PEOPLE — HYMEX DIAMOND
Georges Maurer appointed chairman.
Highlands drops threat of takeover lawsuit
Highlands Gold has decided not to pursue Placer Dome (PDG-T) to court following the release by the major of more information on its US$340-million takeover attempt.”Although not required by law, Place…
PEOPLE — INT’L BLUE GOLD
Nizar Bharmal appointed president.
PEOPLE — NORTHPOINT RES.
Frank Gigliotti appointed interim president and director.
Adamas Resources ventures into Mozambique’s Niassa province
Vancouver junior Adamas Resources (AMS-V) has signed a memorandum of understanding with Mincor Resources (MIR-A) for a 13,760-ha gold concession in northern Mozambique.In order to earn a 70% interest,…
Bre-X and Barrick submit proposal
Bre-X Minerals (BXM-T) and Barrick Gold (ABX-T) have presented to the Indonesian government a deal that may allow for the development of the Busang gold deposit.The companies submitted a joint proposa…