Armenian moly producer searching for partner
Armenia’s molybdenum industry is on the rebound , and the country’s largest producer is seeking a foreign partner to help finance and build a new processing plant.Moly in the country is produced chief…
News
Gold industry pulls in its horns — Rating service downgrades producers; Kinross to close QR
The gold price plunged again over the past week, crashing through its Feb.25, 1985, low of US$284.25 on Dec. 9, and causing further concern that gold producers will be forced to close their highest-co…
INT’L CROESUS VENT.
Rafael Alexandri Rionda apapointed director.
Survey business about more than money
On November 28, the banks placed Aerodat, a well-known airborne geophysical surveying firm, into receivership. The extent of the damage to our industry was far-reaching in that people are out of work,…
Plant boosts Armada revenue
Copper sales of $3 million from the Erdenet joint venture in northern Mongolia have boosted revenue for Armada Gold (AAU-T).Armada, which owns 49% of the project, generated $3.6 million in revenue dur…
GOLD CANYON RES.
Bojan Zabev appointed vp exploration.
OBITUARY — William Murray Telford
William Murray Telford, professor emeritus of mining engineering at McGill University, has died. He was 81.Born in Ottawa, Ont., Telford obtaining a degree in physics from McGill in 1939. At the outbr…
EDITORIAL — Westray’s bitter legacy — Safety first and foremost
A predictable and preventable disaster — caused not by a single definable event or misstep, but by “a mosaic of actions, omissions, mistakes, incompetence, apathy, cynicism, stupidity and neglect.” T…
HERA RES.
Bruce Spencer elected director.
GOLDEN TEMPLE MINING
Rafael Alexandri Rionda appointed director.
Phelps Dodge bids for Cobre
Its formal bid now on the table, copper colossus Phelps Dodge (PD-N) is waging a public campaign for control of up-and-coming producer Cobre Mining (CBU-T).Early in November, Phelps Dodge caught Albuq…
Tan Range finds more gold at Itetemia
Drilling by Tan Range Exploration (TNX-A) at its Itetemia gold property in the Lake Victoria gold district of Tanzania continues to return encouraging results.Five core-holes drilled on the Golden Hor…