Partners expand Clearwater resource
Quebec government-owned Soquem and equal partner Eastmain Resources (ER-T) have increased the resource at the Clearwater project’s Eau Claire gold zone in Quebec’s James Bay region.Thanks to two recen…
News
Orko, TNR to explore Argentine properties
Orko Gold (OR-V) can acquire from TNR Resources (TRR-V) up to a 60% interest in three properties in northwestern San Juan province, Argentina.Under a proposed 4-year option, Orko can earn an initial 5…
Homestake gains ground in Argentina
Homestake Mining (HM-N) has agreed to purchase all exploration properties in southern Argentina that are held by Australian-based Western Mining Corp. (WMC).The company will pick up 900,000 acres in R…
Cameco enjoying higher revenues
Even as prices for its two major products, gold and uranium, declined, Cameco (CCO-T) posted higher revenue in the first nine months of 1998 than it did in the corresponding period of 1997.Cameco show…
IOC to reactivate Sept-Iles pellet plant
Steel markets in North America and Europe are weakening as a result of cheaply produced Asian imports. However, Australian major North Limited, confident of a long-term recovery, has announced major c…
LETTER TO THE EDITOR — QP to serve as guardians of procedure, not fall guy after the fact
As someone responsible, to a great extent, for formulating the proposed “Qualified Person” (QP) concept in the mining industry, particularly in exploration and mine development, I would like to respon…
PRODUCER & DEALER PRICES (November 09, 1998)
Aluminium: LME settlements US$1,316, alloy US$1,115 per tonne (Nov. 3/98).Antimony: Representative mid-market US$1,250 per tonne (Nov. 3/98).Bismuth: Representative mid-market US$3.15 per lb. (Nov. 3/…
Juniors report find at Mosomane
Large-diameter drilling by Southern Africa Minerals (SAF-T) has revealed diamonds in a kimberlite dyke on the Mosomane property, 50 km north of Gaborone, Botswana.Vertical drill holes along a 600-metr…
LETTER TO THE EDITOR — Gem studies penned by OGS geologists
I found your diamond issue (T.N.M., Oct. 26/98) full of polished prose highlighting the many facets of this new Canadian commodity.However, the item about pioneers in diamond exploration attributes se…
Marsonfontein diamond farm jump-starts SouthernEra — Diamond miner posts second consecutive profit
Commercial production at the Marsfontein diamond farm in South Africa has enabled part-owner SouthernEra Resources (SUF-T) to post its second consecutive quarterly profit.In the three months ended Sep…
Careers (November 09, 1998)
Placer Dome…
Semafo drops merger talks
A proposed merger between Semafo (SMF-T) and High Desert Mineral Resources (HDR-V) has gone off the rails.The parties were unable to reach an agreement with respect to the terms of their proposed busi…