AFRICA — Etruscan raises Samira funds
A US$3.5-million loan from a South African bank will enable Etruscan Resources (EET-T) to complete a feasibility study at its Samira gold project in Niger.The study, which was begun in September 1998,…
News
AFRICA — NEWS ROUNDUP — Reunion to sell exploration projects
In order to focus on more advanced projects, London-based Reunion Mining is engaged in negotiations to sell its gold exploration projects in Zimbabwe.The company recently closed its exploration office…
Lac Rocher intersection excites market — Nuinsco cuts 10.8% nickel in drill hole
A 3.2-metre drill intersection grading 10.8% nickel has sparked a lively land play in the Lac Evans area, about 120 km northeast of Matagami, Que. Nuinsco Resources (NWI-T) reported on Jan. 20 that a …
AFRICA — Nora explores for Namibian diamonds
Among the ranks of Canada’s diamond producers, one company often overlooked is Montreal-based Nora Exploration (NXI-M), which is mining the rich beach deposits found along the coast of Namibia in sout…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Photo silver a picture of health
Because of its superior quality, convenience and low cost, silver-based photography will continue to edge out digital imaging in use in applications ranging from family snapshots to medical X-rays to …
LETTER TO THE EDITOR — Cartoon exhibits disregard for safety
I am writing to take extreme exception to the editorial cartoon “Chicken Little Underground,” which ran in your Jan. 11-17 issue.The cartoon portrays two miners, one with the cartoonist’s initials, “J…
MINING MARKETS & INVESTMENT NEWS – WESTERN MARKETS — Argentina Gold a mover and shaker on western market
The Vancouver Stock Exchange composite index lost 3.49 points, or 0.8%, to close the week ended Jan. 26, at 418.73. The mining index pushed forward, gaining 2.07 points, or 0.7%, and finished at 310.3…
MOST ACTIVE ISSUES (February 01, 1999)
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Searchgold finds it in Gabon
Drilling by Searchgold Resources (RSG-M) has increased the resource at its Bakoudou gold deposit in southeastern Gabon.Prior to Searchgold’s program, which ended in October 1998, the deposit was drill…
Freeport increases earnings
Record quarterly sales for copper and gold produced at its Grasberg operation in Indonesia enabled Freeport-McMoRan Copper & Gold (FCX-N) to boost earnings during the last three months of 1998.Freepor…
Noveder resumes drilling at Cabot property
With cash in hand from a recent financing, Noveder (NED-M) has resumed drilling at its Cabot copper-cobalt property in the Baie Verte region of northwestern Newfoundland.The junior raised $550,000 in …
AFRICA — South African gold miners compete with North American cousins
Dramatic restructurings at Anglogold (AU-N) and Gold Fields (GLDFY-O) suggest that South African companies are challenging their North American counterparts for dominance in the international gold sec…