While some companies are licking their wounds after an unhappy Indonesian experience, Borneo Gold (BNO-V) has started a 5,500-metre drilling program on its Bunut gold prospect with cautious optimism.B…
BASE METALS (London Metal Exchange-Midday official cash/3-month prices in US$ per tonne)DateJuly 7July 6July 3July 2…
Neither weak markets nor the effects of El Nino could deter Rio Tinto (RTP-N) from increasing gold production at its Asian gold operations in 1997.The company’s 90%-owned Kelian gold mine, in Kalimant…
Brush Creek Mining and Development (BCMD-Q) has signed an exclusive option for the Iron Mountain massive sulphide project in California’s Shasta Cty.The company can earn a 50% interest in the past-pro…
The Vancouver Stock Exchange composite index shed 4.21 points, or 0.8% of its value, during the July 2-7 report period, closing at 527.99. The mining index finished at 384.87, down 4.89 points, or 1.3…
A drill program by International Dunlap Minerals (IDZ-V) is testing volcanogenic massive sulphide (VMS) prospects identified during the junior company’s 1997 exploration program on Indonesia’s Flores …
Rex Diamond Mining (RXD-T) has raised US$3 million in a debt financing with a group of European investors.The deal consists of a US$2-million interest-free note that can be converted into 2 million Re…
Ditem Explorations (DIT-M) has made a private offering consisting of 500 units priced at $1,000 apiece. Each unit consists of 333 flow-through shares priced at $2.40 each; 84 common shares at $2.40 ea…
A June 29 article concerning the feasibility study completed at Niocan’s (NIO-M) niobium project near Montreal incorrectly stated that SNC-Lavalin owns the Met-Chem Pellemon Consortium. SNC-Lavalin ha…
Alberta Star Mining (ASC-A) has proposed a private placement of up to 1 million flow-through shares at 20 cents each.Proceeds will be used to cover exploration expenditures incurred on the Mazenod Lak…
The proposed merger of Lytton Minerals (LTL-T) and sister company New Indigo Resources (BDR-A) has been derailed following recent disclosures of the ownership of voting shares.The merger was to have b…
The coal division of Cyprus Amax Minerals (CYM-N) has sold 11 of its Midwestern, and Appalachian coal mines in a transaction aimed at relieving long-term liabilities.Cyprus sold the operations to Kent…
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