Smelter slated for Mozambique
Montreal-based SNC Lavalin and South Africa-based Engineering Management Services will join forces to build a US$1-billion aluminum smelter in Maputo, the capital of Mozambique.Construction of the sme…
1997
Metallica expands holdings
Metallica Resources (MR-T) is adding two new gold properties to its portfolio, one of which is a recent gold producer.The latter property includes the Mara Rosa mine in Brazil, which the company is ac…
DIAMOND PAGE — Canarc cuts gold values in B.C.
Junior Canarc Resource (CCM-T) has intersected gold during an underground drill program at its New Polaris property in northwestern British Columbia.Canarc’s best hole, 44, returned 112.2 ft. (from 81…
Mirandor drills Railroad
A drilling program by Exploration Mirandor (MIQ-M) will test the Railroad project in Nevada’s Carlin trend.The program will test areas where gold mineralization and alteration are known to occur at or…
DIAMOND PAGE — Diadem launches audit investigation
Management of Diadem Resources (DIR-M) is refusing to make cash-Call payments to Bresea Resources for work performed by Bre-X Minerals at the Belitung Island base metal projects in Indonesia.After an …
DIAMOND PAGE — Bigger is better for Redaurum
Toronto-based Redaurum (RRK-T) has discovered two more large diamonds at the Kelsey Lake mine in northern Colorado.The two gem-quality stones were found in mid-July from the KL2 kimberlite pipe. One i…
LME WAREHOUSE LEVELS (July 28, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 21/97 (change from previous week in brackets):Aluminium646925(-13125)Copper195950(+52650)Lead118000(+700)Nickel54078(+…
GOLD FUNDS (July 28, 1997)
Gold Funds as of July 17, 1997BGRCentralNet Value$18.06$5.36Price$13.70$5…
Nelson prepares to resuscitate Kalana
A feasibility study by Nelson Gold (NLG-T) calls for a 2-stage development program at the Kalana gold project in Mali, in preparation for a return to production.Ashanti Goldfields (AHD.U-T) holds an 8…
PEOPLE — LEH VENTURES (July 28, 1997)
Gerard Dennehy appointed director.
SPOT PRICES (July 28, 1997)
Wednesday, July 23, 1997Price (US)Week’s ChangeGold*$324.35+ $4.85Silver*$ 4.30…
Breakwater Resources acquires two zinc mines
Breakwater Resources (BWR-T) is adding to its portfolio two zinc operations — one in Tunisia and the other in Chile.For a purchase price of US$19.3 million, the company will acquire Societe Miniere d…