Privatization of ZZCM nears completion
First Quantum Minerals (FM-V) and Swiss trader Glencore International have struck a deal with the government of Zambia and Zambia Consolidated Copper Mines (ZCCM) to buy a 90% interest in a new compan…
2000
Tan Range targets Tanzanian greenstone belts
With a portfolio of promising properties in an emerging gold mining camp and the financial backing of three major producers, Tan Range Exploration (TNX-V) is intensifying its efforts to find a major g…
Semafo finds gold in Burkina Faso
Initial drilling by Semafo (SMF-T) at its Nyaf prospect in Burkina Faso has confirmed the presence of significant gold mineralization identified in 1999 through extensive trenching.The prospect is on…
Cambior intersects Seogui gold
A first phase of drilling at the Seogui gold project in Guinea has returned heartening results for Cambior (CBJ-T).The 200-sq.-km property is 75 km southeast of the country’s only producing gold mine …
INDEX (February 07, 2000)
Aur Resources6Barrick Gold3BHP Diamonds5Birch Mt. Res.1Boliden6Breakwater Res.6Broken Hill Prop.5, 13, 16Cambior Res.6Camp…
Sadiola Hill gold mine has banner year
Production exceeded forecasts and production costs came in under budget at Mali’s Sadiola Hill gold mine last year, and partners Anglogold (AU-N), Iamgold (IMG-T) and the Malian government are looking…
Marchmont eyes gold
Calgary, Alta.-based Marchmont Gold (MHM-V) plans to explore four grassroots properties in Eritrea.The junior gained 75% interests in all four as a result of its acquisition of a privately held Africa…
Prairie
Toronto-based junior McVicar Minerals (MVR-V) and Broken Hill Proprietary (BHP-N) will jointly explore for nickel and platinum-group-element deposits in North America, particularly in the Lake Superio…
Azimut Exploration options Kenyan gold properties
Montreal-based Azimut Exploration (AZM-M) is optioning two gold properties in Kenya from LaSource Development, a subsidiary of Australian major Normandy Mining (NDY-T).To acquire a half-interest in th…
Nora sells stake in Otjua Eden Roc seeks share consolidation New Mines Roundup
For just under $1 million, Montreal-based Nora Exploration (NXI-M) has sold its 47% interest in Otjua Minerals back to Elizabeth Bay Pty.Nora acquired the interest from Elizabeth Bay in the fall of 19…
New minerals legislation in sight for South Africa
Since the African National Congress (ANC) came to power more than five years ago, South Africa’s mining industry has been nervous about proposed changes to the country’s mineral policy, including a ma…
The South Africans are coming! (February 07, 2000)
Vancouver-based St. Jude Resources (SJD-V) has intersected more gold at its Hwini-Butre property in Ghana.The latest round of infill and stepout holes focused on the Adoikrom, Father Brown and Dabokro…