AFRICA — Ashanti ratifies Ghana deal
Semafo (SMF-T) has signed a joint-venture agreement with Ashanti Goldfields (AHD-T) to develop the former’s Ebi/Teleku-Bokazo property in southwestern Ghana.In July, Semafo and Samax Gold, which was s…
News
AFRICA — NEWS ROUNDUP — Crew acquires copper mine smelter
Through an operating arm in South Africa, Vancouver-based Crew Development (CRU-T) has acquired an 81.47% interest in the O’okiep copper mine smelter in northwestern Cape Province.O’okiep comprises a …
AFRICA — NEWS ROUNDUP — Sahelian negotiates production loan
Toronto-based Sahelian Goldfields (SHGI-C) has arranged a US$5-million loan facility to provide working capital for its producing Poura gold mine in Burkina Faso.The loan facility is being provided by…
Kolwezi tailings convention signed in DRC
The Kolwezi tailings project in the copper belt region of the Democratic Republic of Congo (DRC) appears to be inching closer to production. America Mineral Fields (AMZ-T) and Anglo American of South …
Azco options Malian ground
Azco Mining (AZC-T) has enlisted the aid of South African mining house Randgold Resources in exploring the Medinandi and Dandoko gold properties in western Mali.The major can earn a 60% interest in bo…
AFRICA — NEWS ROUNDUP — Mispec seeks JV partner in Africa
Junior Mispec Resources (MPE-M) has retained the South African division of a international merchant bank to help secure a partnership with a South African mining company.The Canadian company is hoping…
AFRICA — NEWS ROUNDUP — Oromonde explores in Victoria goldfields
Exploration by Oromonde Mining (OMP-V) has resulted in the discovery of near-surface gold mineralization at the Bukoli and Mgusu gold projects in the Lake Victoria goldfields district of Tanzania.Rota…
AFRICA — Juniors adopt survival strategies — Orezone, Birim among companies with promising projects
Africa could hardly be described as a hotbed of foreign exploration investment these days, but a few juniors are keeping their projects alive by maintaining the right mix of ingredients to attract wha…
Meetings (February 01, 1999)
Feb. 2, Cotton Valley Feb. 2, Gitennes Feb. 3, Avalon Feb. 3, Vencan Gold Feb. 4, Brigdon Feb. 4, Capco Feb. 4, Palmer Feb. 5, Cons. Fortress Feb. 5, Lyon Lake Feb. 5, Lytton Feb. 5, Torndo Feb. 9, FC…
Index (February 01, 1999)
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MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow stable after mid-week dip
The Dow Jones industrial average dipped more than 200 points during the report period Jan. 20-26, though it recovered most of the loss in the last two days. The average finished down 30.64 points, or …
Sunshine boosts production forecast
Exploration at the Sunshine silver mine in northern Idaho has enabled Sunshine Mining & Refining (SSC-N) to increase production estimates to more than 5.2 million oz. in both 1999 and 2000. The previo…