News

Diamond sector enters 2000 on bullish note ( Part1)

Underlying market sentiment for the diamond mining sector, from a sales perspective, remains positive going into the new year.De Beers Consolidated Mines (dbrsy-q) announced record diamond sales in 19…


Tahera funds work at Jericho (January 10, 2000)

A private placement will enable Tahera (TAH-T) to fund exploration and development of its Jericho diamond project in Nunavut, 420 km northeast of Yellowknife, N.W.T.The deal, which will see 5.6 millio…


Quebec creates research group

Quebec’s Ministry of Natural Resources has joined with several mining companies to create Corem, a mineral research consortium related to the government’s Centre de recherche minerale (CRM) in Ste-Foy…



The Northern Miner North American Mining Index (January 10, 2000)


Barrick, Rio Narcea to JV ground

Barrick Gold (ABX-T) has gained a foothold in the gold districts of northwestern Spain following a joint-venture agreement with regional gold producer Rio Narcea Gold Mines (RNG-T).The agreement, whic…



McWatters plans expansion

To pay down debts and expand its Sigma operations in Val d’Or, Que., McWatters Mining (MCW-T) intends to raise more than $15 million via a rights offering to its sharehlders.The gold miner has already…


Russians blindside Pan American Silver

A month-old Russian company that describes itself as a machinery and aircraft builder has succeeded in its US$12-million bid for surface assets at the huge Dukat silver mine in Eastern Russia.The succ…


Three-pronged merger gets nod from regulators

Shareholders of three companies — Crew Development (CRU-T), Botswana Diamondfields (BWD-V) and Norwegian-based Mindex — have approved the establishment of an internationally listed, multi-commodity …


Francisco Gold boosts resource in Mexico

Junior Francisco Gold (FGX-V) has increased the minable resource at El Sauzal, its project in northern Mexico.Situated 13 km west of Batopilas in Chihuahua state, the property contains a reserve of 20…



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