Bolivar takes on Monarch in legal fight
Bolivar Goldfields (BVG-T) has filed a notice of action in an Ontario court against Monarch Resources (MRE-T) in an attempt to hold the latter to its agreement to sell its Venezuelan assets.Among thos…
News
South Pacific forms JV with Teck, MM
Teck (TEK-T) and Australian-based MM Gold, a subsidiary of Meekathara Minerals, will join forces with South Pacific Resources (SHF-A) to explore two gold projects in Kalimantan, Indonesia.South Pacifi…
PEOPLE — ROYAL OAK (November 17, 1997)
Edmund Szol appointed executive VP and chief operating officer.
DIAMOND PAGE — Treatment plant nears completion at Klipspringer
Design work on the 100-tonne-per-day kimberlite treatment plant on the Klipspringer project in South Africa’s Northern Transvaal Procince is well-advanced and on track for completion in early December…
Permit in hand for Soledad Mountain
The U.S. Bureau of Land Management has decided in favor of allowing Golden Queen Mining (GQM-T) to begin construction of the Soledad Mountain mine, 130 km north of Los Angeles, Calif.Construction will…
Strike affects zinc output at Asarco’s Tennessee mines
A 4-week-old strike at three Tennessee zinc mines owned by Asarco (AR-N) has cut production to 30% of capacity.The employees, represented by the International Chemical Workers Union, went on strike Oc…
Exall hits more gold at Glimmer mine — Glimmer Resources poised to take over as operator
Efforts to expand reserves at the Glimmer mine near Matheson, Ont., have borne fruit.In an underground drill hole, Exall Resources (EXL-T) hit an interval assaying 159.09 grams gold per tonne over 8 m…
A few desperate men and a salt shaker — An excerpt from The Northern Miner’s Bre-X: Gold Today, Gone Tomorrow
In March 1993, David Walsh picked up the phone, tracked down John Felderhof and said he wanted to come to Indonesia to look at mineral properties for his latest junior company, Bre-X Minerals.Walsh la…
GOLD FUNDS (November 10, 1997)
Gold Funds as of October 30, 1997BGRCentralNet Value$16.89$5.73Price$13.00…
Flooding seals fate of Potacan mine
Unstoppable flooding has drowned the future of the Potacan potash mine near Sussex, N.B.Water that is believed to have originated in a vast underground reservoir began to seep into the mine in June. C…
Westmin to buy into Chilean copper project
Westmin Resources (WMI-T) is acquiring the right to earn a 51% interest in the Vizcachitas copper porphyry project in central Chile.The vendor, Denver-based General Minerals (gnm-t), will receive US$1…
Echo Bay takes writedown
Echo Bay Mines (ECO-T) took a writedown of US$309.8 million for the third quarter, resulting in a net loss of US$327.5 million (or $2.36 per share).Not including the restructuring charge, the loss amo…