LionOre posts writedown
LionOre Mining International (LIM-T), which continues to explore for gold and nickel in Australia and Botswana, has readjusted its books in response to weak gold prices and a decline in the Australian…
News
Kinross eyes stake in True North
Through a private placement in La Teko Resources (LAO-V), Kinross Gold (K-T) has demonstrated its interest in purchasing the majority share of the True North deposit in Alaska, held by Newmont Mining …
MINING MARKETS AND INVESTMENT NEWS — Freeport’s growth plans in Indonesia get nod
Simon Beardsmore, mining analyst with T. Hoare, has given a thumbs-up to the long-term growth plans of Freeport McMoRan Copper & Gold (FCX-N), operator of the huge Grasberg mine in Indonesia.”Grasberg…
Tyranex raising funds to buy Mineral Hill
Tyranex Gold (TXGI-C) is in the process of raising more than US$19 million to finance its acquisition of the Mineral Hill mine in Montana.The financing is being arranged through Union Securities, ABN …
Claude completes friendly takeover of Madsen Gold
Saskatoon-based Claude Resources (CRJ-TA) has successfully acquired a majority ownership in Madsen Gold (MGF-T).The two companies signed a friendly takeover agreement in mid-February that involved the…
MINING MARKETS AND INVESTMENT NEWS — Analyst weighs Tenke’s risk factors in Africa
Without ignoring various financial and political risk factors, the mining division of HSBC James Capel has issued a “buy” recommendation for Tenke Mining (TNK-T), based on the fundamentals of the its …
Black Hawk sells Redstone
Sanca Gold, a private Alberta company, has entered into an agreement with Black Hawk Mining (BHK-T) to acquire the Redstone nickel mine, 22 km southeast of Timmins, Ont.The property consists of 63 cla…
Drilling tests Verde at depth
Exploratory drilling beneath the Verde deposit at the Refugio mine in northern Chile is intersecting potential ore-grade gold mineralization some 250 metres below the planned pit floor of the extended…
ODDS ‘N’ SODS — Sticks and stones
I have read of the passing of Dr. Harry Warren, my professor of mineralogy and mentor in both geochemistry and grass hockey.Dr. Warren was the equal of Jack Magel, the pilot who logged many trips flyi…
Inuit push for infrastructure in Nunavut — Mining symposium aims to ease concerns about regulatory hurdles
Cambridge Bay, N.W.T. — While the new territory of Nunavut (pronounced noon-a-vut) will not gain official status until April 1999, Inuit organizations are already launching programs to attract mining…
AfriOre busy in Botswana
A series of writedowns on exploration properties pushed AfriOre (AFO-V) into the red in the past fiscal year.The company’s loss for the 12 months ended Nov. 30, 1997, amounted to $7.3 million (or 46ce…
GREATEST VALUE TRADED, April 8-14
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