MINING IN CANADA — Harmony buys Bissett mine
Harmony Gold Mining of South Africa has purchased the Bissett gold mine from the receivers handling the bankruptcy of Rea Gold.For most of its corporate life, Harmony was a unit of Randgold. By the en…
News
Nevsun Resources eyes ground held by African Selection
Selecting ground near known gold deposits and existing mines, African Selection Mining (AFSM.U-C) has assembled a property portfolio in West Africa. Much of the company’s ground is underlain by geolog…
Ecuadorian consolidates holdings at Gaby
Zappa Resources (ZPA-V) is set to deal its interest in the Gaby gold deposit in southern Ecuador to Ecuadorian Minerals (EMC-T).In a deal valued at US$1.6 million, Ecuadorian would take sole interest …
MINING IN CANADA — VenCan wins mine lawsuit
A judge has dismissed a company’s allegations that VenCan Gold (VCG-M) wrongfully dealt a 50% interest in production from the Edwards gold mine near Dubreuilville, Ont., to River Gold Mines (RIV-T).Ex…
NEW MINES ROUNDUP — Fall opening planned for Ekati mine
Mining history will be made this fall with the official opening of the Ekati diamond mine in the Lac de Gras region of the Northwest Territories.Operated and 51% owned by Broken Hill Proprietary (BHP-…
MINING IN CANADA — Virginia Gold Mines drilling at La Grande Sud
Quebec City-based Virginia Gold Mines (VIA-M) is set to begin a new drill program on the Grande Sud property in the James Bay region of Quebec.Attention is focused on two zones of mineralization, name…
MINING IN CANADA — Hemisphere tests for Territorial treasures
Equal partners Hemisphere Development (HSD-V) and Aber Resources (ABZ-T) report that a new phase of drilling has begun on the Sunrise Lake volcanogenic massive sulphide deposit 70 miles northeast of Y…
INSIDER TRADING — Romarco insiders exercise options
Reports issued by the Ontario Securities Commission show that executives at Romarco Minerals (R-T) were active traders in that company’s stock from December 1997 to February 1998.Judith Robinson, dire…
Base metal exploration comes out of the shadows
After a long period in the shadow of the precious metals, the base metals appear to be regaining some of their past glory in exploration in the Canadian Shield.Three projects in northwestern Ontario o…
MINING MARKETS AND INVESTMENT NEWS — Investment Commentary — Merger merits wait-and-see stance
Roger Chaplin, mining analyst with T. Hoare & Co., is recommending a wait-and-see attitude following the announcement of the mega-merger between Kinross Gold (K-T) and Amax Gold (AU-N), which will cre…
Millstream nabs remainder of Potter property
Toronto-based Millstream Mines (MLSM-C) has acquired the remaining interest in the Potter polymetallic property in Munro Twp., 80 km east of Timmins, Ont.The junior paid a private vendor $3 million an…
NEW MINES ROUNDUP — Plans for Voisey’s Bay slow to a crawl
The government of Newfoundland and management of Inco (N-T) are back at the bargaining table trying to hammer out a deal that would allow development of the company’s Voisey’s Bay nickel-copper-cobalt…