As a test drive of Zambia’s privatization policy, Zambia Consolidated Copper Mines (ZCCM) has accepted a bid of US$28 million from Cyprus Amax Minerals (CYM-N) for an 80% interest in the Kansanshi cop…
A financing agreement is expected to provide SouthernEra Resources (SUF-T) with funds to develop the Klipspringer diamond project in South Africa.Proceeds of between $7.7 million and $15.5 million wil…
A financial adviser has been retained by Banff Resources (BFF-V) to negotiate US$66 million of debt financing for the company’s Kasese and Kilembe projects in Uganda.An equity fiancing is also being c…
In Burkina Faso, partners Channel Resources (CHU-V) and Solomon Resources (SRB-V) have begun the first phase of reverse-circulation (RC) drilling on their Bombore project.The work is focused on an ano…
Leaders, pioneers and visionaries — these are but a few of the words that apply to the six men recently inducted into the Canadian Mining Hall of Fame.Their contributions to Canadian industry include…
Exploration by partners Orezone Resources (ORZ-M) and Geomaque Explorations (GEO-T) is well under way at the Intidougou gold property in southwestern Burkina Faso.Each of the companies holds a 37.5% i…
An exploration program, including drilling, will be carried out by Auspex Minerals (APJ-V) on the Koulbaga concession in Niger, West Africa.The company recently increased its interest in the gold conc…
The Lluvia de Oro gold mine, wholly owned by Great Lakes Minerals (GKM-T), attained planned production levels in December 1996.The mine, situated in Mexico’s Sonora state, yielded 2,081 oz. gold that …
Gabon is best known for its petroleum, manganese and uranium resources, but it is the country’s gold deposits that have lured Golden Gram Resources (GRA-M).The Montreal-based junior will spend $3 mill…
Diamond sales from North American and African operations generated $8.1 million for Redaurum (RRK-T) in 1996, representing a 219% increase over 1995 revenue of $3.6 million.The Toronto-based company s…
Burnaby, B.C.-based Fancamp Resources (FNM-V) has added a sixth prospecting licence to its holdings in Botswana’s Kalahari Suture area.The 7,400-sq.-mile Okwa licence, which is near the Namibian borde…
An exploration program by Hyder Gold (HGI-V) will test the wholly owned Kampti permit in southwestern Burkina Faso.This year’s program will follow up encouraging results from a sampling program that t…
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