Financing arranged for TNK in Indonesia
A $10-million financing is providing TNK Resources (CDN) with funds to explore and expand its Indonesian property holdings.The junior plans to increase its interest to 50% from 30% in the Marunda Waha…
News
LATIN AMERICAN SPECIAL — Crystallex Int’l upgrades operations at its Albino open-pit gold project
Uncertainty over Venezuela’s mining laws is stalling development of the Las Cristinas gold project of Placer Dome, yet this has not dampened the spirits of next-door neighbor Crystallex International …
Mountain Minerals opens new office in China
Industrial minerals often take a back seat to more glamorous commodities such as gold and diamonds, at least when it comes to investor interest. But one company that believes specialty metals and indu…
Ontario geologists seek to expand registration drive
More than 250 Ontario geologists have applied for membership in the Association of Geoscientists of Ontario (AGO), formed earlier this year to provide a framework for professional registration of geol…
Philippine tailings spill rains on Placer’s parade
It rained, then poured on Placer Dome (TSE) in the first quarter, as production shortfalls at some of its gold mines were followed by a tailings spill in the Philippines.The spill at the San Antonio c…
Bre-X calculation expands Busang resource
A resource calculation for part of the Southeast zone at Bre-X Minerals’ (ASE) Busang deposit has added another 9 million oz. to the project’s potential gold resource, which now stands at 24.9 million…
GREATEST VALUE TRADED — Apr. 10-1
Exch Value($000s)HighLowClose ChangeDiamond Flds T464569 $40 1/238 3/840 1/4+1Inco Ltd T290169 $45 1/442 1/445+2 1/8Placer Dome T191706 $41 1/438 3/838 3/8-7/8Barrick Gold …
Ashanti moves to merge with Golden Shamrock Mines
As part of a strategy to become the world’s fifth-largest gold producer, Ashanti Goldfields (NYSE) has proposed another merger — this time with Australia’s Golden Shamrock Mines (TSE).The deal would …
Rex exposes diamond-bearing fissure at Ardo
Toronto-based Rex Diamond Mining (CDN) says it has exposed a new diamond-bearing fissure that could double production at its Ardo mine in South Africa.The company says the fissure, which is more than …
Spot prices at a glance (April 22, 1996)
Wednesday, April 17, 1996Week’s Price (US)ChangeGold*$391.40-$3.15Silver*$ 5.31-$0.15Platinum*$401.75-$4.25Nickel**$ 3.69+$0.09Lead**$ 0.37-0.01Copper $ 1.17+$0.04Zinca$ 0.47…
Cata Preta drilling fuels trading in Black Swan Gold
The latest drill results from the Cata Preta property in Brazil’s Minas Gerais state have generated a flurry of trading activity in Black Swan Gold Mines (VSE).The trading interest related to complete…
Falco looks toward busy but Voisey-less future
It is not without regret that Falconbridge (TSE) sails from the nickel-plated coast of Voisey’s Bay, Labrador, yet president Frank Pickard is confident there are higher profits to be made elsewhere.Ad…