1997

Lytton Minerals (LTL-T) is undertaking a private placement of 2 million common shares at a price of $3.00 per share.Proceeds will be used to finance ongoing diamond exploration and development program…

Miranda Industries is not the same company as Miranda Mining & Development, which is the company referred to in your issue of Dec. 30, 1996 (“Mexico sizzles for Miranda, Teck”). It is unfortunate that…

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.13/97 (change from previous week in brackets):Aluminium968,500(+11,125)Copper131,475(-3,225)Lead117,650(-750)Nickel47,90…

Recent changes to India’s mining regulations are paving the way for increased foreign investment in that sector and a stronger Indian economy.At a recent conference in London, B.P. Baishya, India’s mi…

Scott and Paul Marshall appointed directors.

Stephen Walters appointed exploration manager of Indonesia.

Edward Schiller appointed director.

Rafik Rashul appointed vice-president of Angolan operations.

Montreal-based Altavista Mines (AIA-M) has announced encouraging drill results from its Santa Anna gold property, 15 km southwest of La Sarre, Que.The new structure, called Zone 8, was first intersect…

Surface sampling by Joutel Resources (JTL-T) has uncovered a new gold zone on the Christina property in the Sierra Maestra region of southeastern Cuba.The new structure has an overall length of 114.4 …

Bypassing the roundabout, acquisitive route followed by most major mining companies, Rio Algom (ROM-T) has made its own substantial grassroots discovery in Chile.The company has outlined a large coppe…

The government of Kazakstan has rejected a proposal made by Teck (TEK-T) and First Dynasty Mines (FDM-T) to develop the Vasilkovskoye gold deposit.Situated in the country’s northern region, the deposi…