Cambior fights for survival
With creditors breathing down its neck, Cambior (CBJ-T) has been granted a one-month extension to turn in a plan outlining how it will repay or refinance the balance of its bank loan by the end of thi…
News
IMA finances Argentine exploration
Junior IMA Exploration (IMR-V) has arranged a private placement of up to 1 million units priced at 65 apiece, with proceeds earmarked for general exploration. Each unit will consist of one share and …
Partners find high grade beneath low grade
A hole drilled by Normandy Mining (NDY-T) at the advanced Ntotoroso gold property in Ghana suggests the presence of higher-grade tonnage beyond the current pit outline.Situated near Kumasi, in the cou…
Starfield hits more sulphides
Drilling by Starfield Resources (SRU-V) at the Ferguson Lake property, 230 km west of Rankin Inlet, Nunavut, has encountered long intersections of sulphide mineralization about 300 metres west of the …
Bema closes financing for Julietta project
Through its 79%-owned Russian subsidiary, Bema Gold (BGO-T) has closed a US$35-million financing agreement for the construction of the Julietta mine in that country’s far eastern region.The financing …
Metallurgical breakthrough key to Howards Pass
Tails do not wag dogs, or at least not for very long, and trends in the exploration business ultimately follow the forces that are driving the metals and mining business further downstream.Metal marke…
Conflict in DRC a black cloud over mining
Helped by Rwanda, rebel leader Laurent Kabila toppled larcenous dictator Mobutu Sese Seko in 1997 and became president of the Democratic Republic of Congo (DRC), formerly Zaire. A year later, Rwanda a…
Stellar results from Ekati mine drive Dia Met Minerals
Explorer-turned-producer Dia Met Minerals (DMM-T) doubled its earnings for the six months ended July 31, 2000, on the back of strong global demand for its 29% share of rough diamonds produced at the E…
Conquest gains CDNX listing
Conquest Resources will test its mettle on the Canadian Venture Exchange under the new symbol yqr.The Toronto-based junior holds gold exploration properties in Zimbabwe and Tanzania, as well as intere…
Viceroy expands resources
In the process of completing the first phase of drilling at its wholly owned Bounty mine in Western Australia, junior Viceroy Resource (VOT-T) expanded resources by 167,000 oz., or 30%.Situated 360 km…
Sulliden drilling at Mario
Sulliden Exploration (SUE-T) has begun a 7-hole, 800-metre drilling campaign on the Mario base metal property in the Peruvian department of Junin, some 50 km southwest of Huancayo.The new holes will t…
Los Frailes expansion on hold
Continued losses at the Los Frailes zinc-lead mine in southwestern Spain have forced Boliden (BOL-T) to apply for court protection for operating subsidiary Boliden Apirsa.Apirsa, which had been losing…