Despite troubles at home and a depressed nickel market, Inco (N-T) is making strides in expanding its Soroako nickel operations on the island of Sulawesi in Indonesia.Inco has been in commercial produ…
Having raised $4.5 million in a private financing, Princess Resources (PRL-V) has renewed a drill program at the Da Fang gold-silver property in China’s Hunan province. The program is expected to tota…
While some companies are licking their wounds after an unhappy Indonesian experience, Borneo Gold (BNO-V) has started a 5,500-metre drilling program on its Bunut gold prospect with cautious optimism.B…
Neither weak markets nor the effects of El Nino could deter Rio Tinto (RTP-N) from increasing gold production at its Asian gold operations in 1997.The company’s 90%-owned Kelian gold mine, in Kalimant…
A drill program by International Dunlap Minerals (IDZ-V) is testing volcanogenic massive sulphide (VMS) prospects identified during the junior company’s 1997 exploration program on Indonesia’s Flores …
Rex Diamond Mining (RXD-T) has raised US$3 million in a debt financing with a group of European investors.The deal consists of a US$2-million interest-free note that can be converted into 2 million Re…
Ditem Explorations (DIT-M) has made a private offering consisting of 500 units priced at $1,000 apiece. Each unit consists of 333 flow-through shares priced at $2.40 each; 84 common shares at $2.40 ea…
A June 29 article concerning the feasibility study completed at Niocan’s (NIO-M) niobium project near Montreal incorrectly stated that SNC-Lavalin owns the Met-Chem Pellemon Consortium. SNC-Lavalin ha…
The coal division of Cyprus Amax Minerals (CYM-N) has sold 11 of its Midwestern, and Appalachian coal mines in a transaction aimed at relieving long-term liabilities.Cyprus sold the operations to Kent…
Junior Millstream Mines (MLSM-C) has picked up a 50.5% interest in the past-producing Tamarack gold property in southwestern Montana.To earn its interest, the company must fund undisclosed exploration…
Asia Pacific Resources (APQ-T), which is in the midst of reviewing a bankable feasibility study of the Udon Thani potash project in Thailand, has made several recent developments at the project.The Va…
Noranda (NOR-T) subsidiary Magnola Metallurgy is responding to recent negative media reports over its $700-million magnesium processing facility, now under construction in Asbestos, Que.Scheduled to b…
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