Pelangio to explore in Temagami
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…
1997
New bill designed to boost investment in Russia
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…
Russian copper industry still facing hurdles — Use of red metal expected to grow under privatization
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 …
PEOPLE — ANVIL RANGE (July 07, 1997)
Patrick Mars appointed interim president and chief executive officer.
PEOPLE — ALTAIR INT’L
Robert Sheldon appointed director.
World Wide gains interest in Mongolian uranium mine
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…
Prime to explore Kenrich’s Corey claims
The success of the Eskay Creek gold-silver mine, north of Stewart, B.C., has prompted operator Prime Resources Group (PRU-T) to option a nearby property considered to have potential to host similar de…
STOCK MARKETS — VSE composite index continues its downward trend — Indonesian explorers bear brunt of change in investor sentiment
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…
Etruscan reports new discovery at Tiawa
Etruscan Enterprises (EET-T) has discovered a new source of gold mineralization on the Tiawa concession in Niger, West Africa.The junior discovered the Boulon Djounga West zone while trenching a coinc…
METAL PRICES — DAILY METAL PRICES (July 07, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJuly 1June 30June 27June 26Ju…
Mineral Ridge pours first gold
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…
Average cash costs for gold production on the decline
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…