News


NovaGold Funds work in Alaska

Vancouver — NovaGold Resources (NRI-T) will raise $25 million by issuing common shares and share purchase warrants in order to finance exploration of the Rock Creek and Nome properties in Alaska.The …


Banro looks to Twangiza project

Vancouver — Some eight years after gaining a foothold in the politically unstable but mineral-rich Democratric Republic of Congo and five years since the government took its exploration projects away…


A sure cure for depression

— The following is the second of two excerpts from Wesley Earl Dunkle: Alaska’s Flying Miner, recently published by University Press of Colorado. The 274-page book was written by Charles Caldwell Haw…


Jacobina restart economic: study

A feasibility study on the Jacobina gold mine in Brazil indicates it would be economic for operator Desert Sun Mining (DSM-T) to put the deposit back into production.The study by SNC Lavalin indicated…


Diamond smuggling crackdown in Sierra Leone

Authorities in Sierra Leone have launched a series of raids on illegal diamond offices operating in the eastern part of the gem-rich West African country.In mid-September police and officials from the…


When negligence costs

Every month, hundreds of claims come to this desk. Some of them are phonies. And I know which ones. How do I know? Because my little man tells me . . . the little man in here [points to abdomen]. Ever…


Pechiney says oui to sweetened deal

French aluminum producer Pechiney has accepted a new sweetened takeover offer from Alcan (AL-T).The new cash-and-share offer is worth 47.50 euros per share and includes a bonus of 1 euro per share, pr…


De Beers funds lab at U of A

A partnership between De Beers Canada and the University of Alberta has given rise to Canada’s first diamond research laboratory.The diamond miner will donate $100,000, which will be used for equipmen…


People (September 22, 2003)

Alcoa — Klaus Kleinfeld appointed director.Corriente — Anthony Holler appointed to board; Catherine Mcleod-Seltzer resigned as director.European Goldfields — Gordon Toll appointed dire…


Odyssey trenches Tavsan

Junior Odyssey Resources (ODX-V) has begun trenching its Tavsan property in hopes of uncovering a near-surface sediment-hosted gold deposit.Situated in western Turkey, Tavsan was first explored by Tec…


Newmont drops Kinross shares

Newmont Mining (NEM-N) has sold 28 million of its 43.2 million shares in Kinross Gold (K-T) to a group of dealers led by Griffiths McBurney & Partners and RBC Dominion Securities for US$218 million, b…


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