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Ashanti lays off at Obuasi

Falling gold prices have forced Ashanti Goldfields (ASL-N) to lay off more than 2,000 workers at the Obuasi mine in southwestern Ghana.The move is designed to save the company US$7 million annually, l…


LME WHSE LEVELS (August 16, 1999)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug. 10/99 (change from Aug. 3 in brackets):MetalStocks(tonnes)Change…



Tan Range tests Tanzanian bet

A 320-hole drill campaign is testing gold anomalies at Tan Range Exploration’s (TNX-A) Mnekezi property in the Lake Victoria greenstone belt of Tanzania.The anomalies, which were identified by soil sa…



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