Breakwater clears hurdle
Agreements between Breakwater Resources (BWR-T) and its lenders will allow an 85.8-million-share issue to go ahead, providing the financially troubled base metal miner with a cash infusion of $30 mill…
News
Severin to address CIM
Paul Severin, vice-president of exploration for Toronto-based Noranda, will be the featured speaker at the next luncheon meeting of the Toronto branch of the Canadian Institute of Mining, Metallurgy a…
Funding scheme saves coal jobs in UK
More than 4,000 coal-mining jobs in the U.K. will be secured and 300 more jobs created as part of a 52-million investment package for 12 mines in England and South Wales.Twelve projects at mines in N…
SouthernEra advances Messina, raises C$77m (December 08, 2003)
Toronto-based SouthernEra Resources (SUF-T) is using a staged approach to develop its Messina platinum assets, 250 km northeast of Johannesburg on the eastern limb of South Africa’s Bushveld igneous c…
Gold index reaches new high
In late November, the Toronto Stock Exchange’s gold share index hit its highest level since the overhauled barometer was launched, driven by a gold price rose above US$400 for only the second time sin…
First Quantum profitable (December 08, 2003)
The third quarter of 2003 was a good one for First Quantum Minerals (FM-T), as its Bwana Mkubwa operation in the Zambian copper belt produced 8,862 tonnes copper at a cash cost of US$925 per tonne (US…
Anooraq, Amplats team for Bushveld hunt
Anglo American Platinum (AAPTY-Q) has agreed to join forces with neighbour Anooraq Resources (ARQ-V) to search for platinum group elements, gold and nickel on the northern limb of the Bushveld igneous…
Golden Star joins with Mano River, GSI
Reaching beyond its major asset base in Ghana, Denver-based producer Golden Star Resources (GSC-T) has struck two separate deals to explore for gold in Sierra Leone and Mali.The first joint-venture ag…
Ontzinc bids on remains of Pasminco (December 08, 2003)
Administrators of the Australian zinc and lead producer Pasminco have rejected a bid by Venture-listed developer Ontzinc (OTZ-V) to take over the insolvent company’s assets for A$1.7 billion.Ontzinc h…
Gabriel expands Rosia Montana
An updated resource estimate has added 1.5 million oz. gold and 6.4 million oz. silver to the advanced Rosia Montana gold project in Romania.Recently, 80%-owner Gabriel Resources (GBU-T) tested previo…
Hot holes for European Goldfields
Drilling at European Goldfields’ (EGU-V) Certej and Sacaramb projects in western Romania has resulted in several long, gold-rich intersections.Highlights from the first four reverse-circulation holes …
Canarc cuts more gold at Benzdorp (December 08, 2003)
Vancouver — Canarc Resource (CCM-V) is encouraged by the latest batch of drill results from the JQA prospect at its Benzdorp property in Suriname.Benzdorp, which comprises 1,380 sq. km, is 300 km sou…