News

Aussies launch mining fund

Aussie investment house Bell Potter Securities has launched the Global Mining Investments (GMI) fund, which seeks to raise A$150 million immediately, with room for A$50 million in oversubscriptions. GMI is expected to list on the Australian Stock…



SMC Gold buys miner

Queensland, Australia-based SMC Gold intends to buy a 70% stake in the Chilean company Compania Minera Tamaya (CMT) by issuing up to 200 million shares.


Sparton at Sierra Rosario

Sparton Resources (SRI-V) can earn a 51% interest in the Sierra Rosario gold-silver project in Mexico’s Sinaloa state. To do so, Spartan must pay $130,000 to the vendor, International Northair Mines (INM-V), a…



‘Runaway Ron’ indicted by Nevada Grand Jury

Ronald V. Markham, 76, has been indicted by a U.S. Grand Jury for allegedly defrauding numerous investors of more than US$2 million by selling shares in a Nevada company that claimed to have a major precious metals discovery called “Gold Mountain”…



Steady profits for Rio Narcea

Rio Narcea Gold Mines () says lower stripping costs helped boost cash flow by almost 40% to more than US$6.8 million during the last three months of 2003.



Tajik tempest

The week just past witnessed a trading halt in Gulf International Minerals, owner of a 49% interest in a small gold- and silver-producing operation in Tajikistan. The trading halt, imposed by Toronto Stock Exchange regulators, was lifted after the…



The Explorium board game.

New mining game hits market

Ever wanted to be a mining tycoon exploring Africa for the next Obuasi? Perhaps you already are, but for others, the next best thing may be Explorium, a new board game from New York, N.Y.-based 49th West Games.


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