AFRICA — Clear Creek eyes offshore diamonds
Newly listed Clear Creek Resources (CK-V) plans to start operations this year at its Good Hope diamond project, on the west coast of South Africa.Although the company released a resource estimate for …
News
AFRICA — Soil geochemistry spearheads Robex gold search — Surveys in Mali show potential for Sadiola-style mineralization
Much as pioneering mineral exploration in northern Canada relied on the maps drafted by government surveys, the efforts of development agencies to provide a geological data base for West Africa have b…
No savior for Westmin
Having failed to find a white knight, Westmin Resources (WMI-T) has placed its fate in the hands of its shareholders.The Vancouver-based company issued a statement saying it will make no recommendatio…
AFRICA — Billiton on acquisition trail
Since acquiring the mining assets of Royal Dutch/Shell in 1994, Billiton has prospered and grown into one of the world’s largest mining companies. The success of Gencor’s international arm now has som…
AFRICA — NEWS ROUNDUP — JCI completing chrome mine
South African mining house Johannesburg Consolidated Investment (JCI) is constructing a new underground chrome mine at its existing operations at Thorncliffe, near Lydenburg, South Africa.Development …
De Beers opens Canadian office — Launches attempt to market Canadian diamonds
The world’s leading marketer of diamonds, De Beers Consolidated Mines (DBRS-N), is strengthening its presence in Canada by opening an office in Vancouver, an emerging diamond mining centre.Under the m…
AFRICA — Champion Resources ready to drill phosphate deposit in Guinea Bissau
Champion Resources (CHL-V) has completed a private placement financing of 1.7 million units at a price of 65cents each, for total proceeds of $1.1 million.Each unit consists of one common share and a …
Ymir reunion set for summer
Residents, past and present, of Ymir, in south eastern British Columbia, are invited to a town reunion scheduled for Aug. 1-2.Situated south of Nelson, the town was founded in 1897 and named after Ymi…
AFRICA — First Quantum set to produce copper at Zambian mine — Reunion, First Quantum bring Ashanti to Botswanan project
Vancouver-based junior First Quantum Minerals (FM-V) soon will have two operating mines in Africa.First Quantum’s primary project in Africa is the Bwana Mkubwa copper mine, situated within a 5,615-ha …
SPOT PRICES (January 26, 1998)
Wednesday, January 21, 1998Price (US)Week’s ChangeGold*$291.90+ $6.00Silver*$ 5.80…
AFRICA — Global still finding plenty of diamonds in South Africa
San Diego-based Global Diamond Resources (GDRS-O) is forging ahead with two advanced-stage projects and a bulk sample program at its diamond properties in South Africa.Of the three properties, the mos…
Asia Minerals drops Yingezhuang
A clash of business cultures appears to be the main reason why Asia Minerals (AMP-A) has decided to terminate the Yingezhuang gold joint venture with the Zhaoyuan Gold Industrial Group of China.After …