News

Ex-Gold Fields managers run Akiko

Several former senior executives of Gold Fields Mining have taken over the helm of Akiko Gold Resources (VSE). President Stephen Flechner said Akiko intends to pursue projects that will enable it to b…


Fording award for reclamation

Fording Coal has won a mine reclamation award. It was presented in Port Hardy at British Columbia’s annual mine reclamation symposium. Other winners were Noranda Minerals, which was awarded a metal mi…


Glamis builds acquisition war chest

Net proceeds of about $22 million from two recent financing arrangements will be used by Glamis Gold (NYSE) to fund the acquisition of gold properties and augment working capital. James Billingsley, v…



Rock mechanics symposium planned

The University of Texas, in Austin, will be the site of the first North American Rock Mechanics Symposium on June 1-3, 1994. This symposium, a regional meeting of the International Society for Rock Me…



Prof compiles deposit data

An economic geology professor at the University of Manitoba in Winnipeg has set up a library of samples, thin sections, photos and maps from more than 3,000 ore deposits around the world. Dr. Peter La…




INSIDER TRADING — Downey sells Northgate stake

Patrick Downey, chief financial officer for Campbell Resources (TSE) and Northgate Exploration (TSE), sold his holdings in the sister companies in late April. According to the Ontario Securities Commi…



COMMENTARY — Encouraging rough diamond signs

Initial signs (from the rough diamond market) for 1993 are encouraging. The two opening sights were acknowledged officially to be good (and were substantially higher than those of 1992). The March sig…


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