William to buy interest in Velardena
A wholly owned subsidiary of William Resources (TSE), Bharti-Lammanen, has signed a share purchase agreement allowing the company to buy a 40% interest in BLM Minera Mexican from Minorca Resources (VS…
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MINING IN AFRICA SPECIAL — Mincor in production at
Management of Mincor Resources of Rouyn-Noranda, Que., is hoping this year to boost the annual rate of production at its Monarch gold mine in Mozambique to 25,000 oz. The company, created recently thr…
NovaGold reworks subsidiary’s loan
An agreement-in-principal calls for the restructuring of an outstanding loan of $1.9 million owed by a wholly owned subsidiary of Nova Gold Resources (TSE). The loan was incurred by Murray Brook Resou…
Sterling Pacific drills Nevada play
Junior Sterling Pacific Resources (VSE) is drill-testing four anomalies on its newly acquired Monarch-Zim gold properties near Reno, Nev. Besides the 10-hole program of 2,500 ft. now under way, Sterli…
MINING IN AFRICA SPECIAL — African countries featured at
More than 20 African countries are expected to take part in the African Mining Investment symposium to take place May 24-26 in Toronto. Organized by the Multilateral Investment Guarantee Agency of the…
MINING IN AFRICA SPECIAL — Gabon updating mining
The increased interest in Africa’s mineral potential has prompted the government of Gabon to consider updating the mining legislation which it had adopted after independence in 1960. Situated on the w…
MINING IN AFRICA SPECIAL — Radisson secures rights in CAR
A subsidiary of Radisson Mining Resources (ME) has gained the right to prospect, extract and sell minerals such as diamonds and gold on a 110,000-acre property in the Central African Republic (CAR). T…
MINING IN AFRICA SPECIAL — Diamond Fields boosting S.
With the acquisition of a 100% interest in two producing kimberlite diamond mines in the Republic of South Africa, Vancouver-based Diamond Fields Resources (TSE) became Canada’s only high-quality gem …
MINING IN AFRICA SPECIAL — Canadian juniors active in
The hunt for diamonds in Africa has taken Canadian mining companies to more than a dozen countries in the western, central and southern areas of the continent. Among the more popular countries, based …
MINING IN AFRICA SPECIAL — Former executives at Lac create
Three former employees of Lac Minerals — Christopher Pegg, Anthony Harwood and William Cavalluzzo — have formed a private company to explore for minerals in Africa. The new entity, known as Sub Saha…
MINING IN AFRICA SPECIAL — New mines spring from old
The nation of Zimbabwe takes its name from the ruins of the ancient empire of Monomotapa which thrived there for 1,200 years before European colonization. The ancients created a beehive of mining acti…
MINING IN AFRICA SPECIAL — Trillion working in five
A junior company with a broad spectrum of commodity interests, Trillion Resources (TSE) is currently producing gold in Zimbabwe and exploring for base and precious metals, as well as diamonds, in othe…