Management of DiamondWorks (DMW-T) plans to spend the proceeds of a proposed $20-Million private placement to advance its diamond and mineral properties worldwide.The placement will be in the form of …
Kennecott Canada, a unit of Rio Tinto (RTP-N), has located a new kimberlite pipe on the Ice property of Lytton Minerals (LTL-T) in the Northwest Territories.The pipe, designated LI-201, is entirely la…
Pelangio Larder Mines (PLLM-C) can earn a 40% interest in two properties staked by Battle Mountain Canada (BMC-T) last September in Temagami, Ont.One property is in Tyrrell Twp. and the other in adjac…
A bill before the Russian Parliament could set the stage for increased foreign investment through “production-sharing” in the country’s natural resources sector.The bill is designed to attract foreign…
Copper production and consumption in Russia are poised to increase following years of weakness attributable to the collapse of the Soviet regime.According to a report from London-based Metal Bulletin …
Patrick Mars appointed interim president and chief executive officer.
Robert Sheldon appointed director.
An agreement between Denver-based WM Mining and World Wide Minerals (WWS-T) will give the latter a majority interest in the Dornod uranium mine in Mongolia.World Wide can earn WM’s 58% interest in Cen…
To say this has not been a good year for junior companies exploring mineral prospects in Indonesia would be the ultimate understatement. The onset of spring saw the Busang gold deposit dissolve into t…
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJuly 1June 30June 27June 26Ju…
Cornucopia Resources (CNP-T) has poured its first gold at the Mineral Ridge mine near Tonopah, Nev.The company put the operation on the fast-Track after receiving permits and approvals in July 1996. W…
The cost of operating gold mines in the Western World in 1996 fell to US$250.70, down US$2.50 from $253.2 per oz. in 1995, according to a survey conducted by Sydney-based AME Mineral Economics.Average…
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