The Canadian subsidiary of Ashanti Goldfields (AHD-T) has purchased most of the shares of Samax Gold in order to acquire that company’s Geita property in Tanzania.Ashanti nabbed 26.4 million Samax sha…
Regarding your editorials “NWMA vs. Babbit” (T.N.M., Sept. 21-27/98) and “Tuning out” (Nov. 2-8/98), I would like to point out the serious and perilous position in which we in the mining industry find…
The Vancouver Stock Exchange composite index edged up 3.3 points to close the report period ended Dec. 1 at 393.08. The mining index remained steady at 290.89, gaining only a hundredth of a point from…
Management of TVI Pacific (TVI-T) is scaling back production plans for the Canatuan polymetallic project on the Philippine island of Mindanao.About a year ago, TVI was drawing up plans to mine Canatua…
Resource drilling by WMC International, the North American unit of Australian metals giant Western Mining Corp., is offering hope for an increase in the resource at the F zone of the Meliadine West go…
Val d’Or, Que.-based Xemac Resources (XEM-M) has acquired the Arenoso porphyry-copper project in Baja California, Mexico.In return, Xemac must pay Idaho-based Fischer Watt Gold, the vendor, a total of…
SPECIAL TO THE NORTHERN MINERAlmost five years after being released from jail, three Australian prospectors have lodged an appeal over their conviction for the $A6-million Karpa Springs gold fraud.Cla…
Environmental groups and bureaucrats from Parks Canada have launched a frontal assault on aboriginal Canadians lobbying for a minor adjustment to the boundaries of a proposed national park in order to…
Sulliden Exploration (SUE-M) has signed an agreement with Altius Minerals (ALS-A) to earn a half-interest in that company’s Mustang gold property in central Newfoundland.Mustang covers 1,850 ha of the…
Although economic conditions have deteriorated in 1998, demand for platinum, at 5.1 million oz., will be only 40,000 oz. below last year’s record level. Continued growth in demand for platinum jewelry…
ExchgVal ($000s)HighLowCloseChangePlacer DomeT920…
The final feasibility study for the Diavik Diamond project in the Northwest Territories, originally scheduled to be completed in the fourth quarter of 1998, is now not expected until the second quarte…
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