Wiscan to merge with Yamana
A merger between Wiscan Resources (TSE) and privately owned Minera Yamana has been approved. Wiscan will transfer its assets and liabilities to a wholly owned subsidiary, Moss Resources, and the share…
News
MINING IN AFRICA SPECIAL — Serengeti eyes Kenyan gold
One of the first North American-based companies to take an interest in Kenya’s gold potential is Serengeti Diamonds (VSE), a Toronto-based junior best known for its diamond exploration projects in Tan…
MINING IN AFRICA SPECIAL — ZCCM to sell Chambishi mine
The Chambishi copper mine and associated assets are being offered for sale by Zambia’s state-owned copper miner ZCCM. According to Platt’s Metals Week, tender advertisements will soon invite bidders t…
MINING IN AFRICA SPECIAL — Kinross working to expand
Gold output at the Zimbabwean operations of Kinross Gold (TSE) is poised to increase, as a new tailings retreatment plant nears completion at the Blanket mine and underground exploration at the Golden…
MINING IN AFRICA SPECIAL — Ghana’s Ashanti belt famous for
The following are excerpts from a paper co-authored and presented by A.H. Mumin at a recent seminar on the geology and mineral deposits of the West African Shield. The seminar was sponsored by the Uni…
MINING IN AFRICA SPECIAL — Mutual positions itself in West
The chairman of Mutual Resources (VSE) says “Ghana was a sleeper.” Tony Frizelle believes the West African nation, thanks to events triggered elsewhere in Africa and South America, is set this decade …
Results encourage Rio Narcea Gold
Gold mineralization continues to be intersected at Rio Narcea Gold Mines’ (TSE) El Valle and Boinas projects in northern Spain. A fourth phase of stepout drilling on Boinas intersected a new zone of m…
Arequipa adds to treasury
A special warrant financing has raised $2.1 million for Arequipa Resources (VSE). The warrants were issued at 75 cents each and are convertible, at no extra cost, into one additional common share. The…
Good values at Gilt Edge mine
The final hole drilled by Dakota Mining (TSE) at its Gilt Edge gold mine near Deadwood, South Dakota, has resulted in some encouraging values. The longest and highest-grade intercept averaged 0.67 oz….
William to buy interest in Velardena
A wholly owned subsidiary of William Resources (TSE), Bharti-Lammanen, has signed a share purchase agreement allowing the company to buy a 40% interest in BLM Minera Mexican from Minorca Resources (VS…
PRODUCER PRICES (February 06, 1995)
ALUMINUM: MW U.S. market US97.5 cents-98.5 per lb. (Jan. 13, 1995). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.10 per lb. (Dec. 23, 1994). …
NEWS ROUNDUP — Aur repays bank debt
Base metal miner Aur Resources (TSE) has repaid the outstanding bank debt of $28.4 million that was incurred to fund its share of development costs at the Louvicourt copper-zinc-gold mine in Val d’Or,…