Prospex adds to African portfolio
Prospex Mining (PRM-V) had added a smattering of early-stage exploration projects to its growing West African portfolio.With the addition of the four new properties — Nimini West, Samalofila, Kindia …
News
INVESTMENT COMMENTARY — Gold Mining: Value Found Among The Ruins
A newly released study by Canaccord Capital has found value among the ruins of the gold mining industry, even though the firm believes that this beleaguered sector may be in for further weakness in th…
Sampling planned for ATW property
A prominent indicator mineral anomaly is the focus of new work being done on the ATW Mackay Lake diamond property in the Lac de Gras region of the Northwest Territories.Kennecott Canada, a division of…
Eastmain acquires BHP’s prospects
Eastmain Resources (ER-T) is acquiring BHP Minerals International’s interests in a portfolio of gold and base metal exploration projects in Eastern Canada.In return, BHP will receive a 3% net smelter …
Phelps Dodge makes nickel-cobalt discovery in Madagascar
In its first foray into the nickel business, Phelps Dodge (PD-N) has discovered a potentially significant nickel laterite deposit in central Madagascar.Over the last two years, the Phoenix-based coppe…
Leach tests return unexpectedly high values for Northern Crown
Column leach tests have returned higher-than-expected values from Northern Crown Mines’ (NCW-T) Guadalupe de los Reyes project in Mexico.The metallurgical testwork, which was performed by McClelland L…
Dark days for Russian coal mines — Privatization not a quick fix for ailing industry
The Russian government has announced that it will sell or close about one-third of its operating coal mines in 1998 in an effort to unload unprofitable operations and encourage the privatization of th…
Vista unwinds hedge to improve cash position
Vista Gold (VGZ-X) has improved its cash flow by unwinding its gold hedge and suspending mining operations at the Hycroft gold mine in Nevada.The company liquidated its hedging position, which had cov…
DIAMOND NEWS ROUNDUP — New discovery in Sweden
Vancouver-based Poplar Resources (PPX-V) has signed an agreement with two prospectors who are reported to have made the first-ever diamond discovery in Sweden.The diamonds were found in a till boulder…
LETTER TO THE EDITOR — World’s governments can’t print gold
The comments made by David Gulley (“An historic juncture for gold,” T.N.M., Jan. 5-11/98) provide useful ammunition for those of us trying to persuade skeptics that gold has not had its day. Quite the…
EDITORIAL — Local residents defend mine proposal — Who CARES? Atlin does
The small community of Atlin, perched in a remote corner of northwestern British Columbia, was established in 1898 during the Klondike gold rush. Gold seekers, on their way to Dawson City, were divert…
DIAMOND NEWS ROUNDUP — Namibian Minerals begins commercial mining
Having completed sea trials and testing late last year, Namibian Minerals (NMR-T) has started commercial mining of diamonds at a concession off the coast of Namibia.The capital cost of the project was…