PEOPLE – ALTO
Michael White elected director of exploration.
News
Anglo forms top gold company
For decades, South Africa-based mining house Anglo American has been a huge, complex organization in which dozens of mines were held by dozens of publicly traded operating companies. This is no more.P…
Centurion plans merger with Royal Silver
Centurion Mines (CTMC-Q) and its former subsidiary, Royal Silver Mines (RSMI-O), have agreed to combine.The restructured entity will generate production revenue from a new copper mine in Utah, while a…
EXPLORATION ROUNDUP — ProAm funds drilling at Golden Boy project — Cons. Venturex earning 10% stake
Two Canadian mining companies have agreed to fund a work program managed by ProAm Explorations (PMX-V) at the Golden Boy project near Winnipeg, Man.Consolidated Venturex Holdings (CVA-V) and Pizay Inv…
Mineral Res. commissions asbestos project
British Columbia is once again an asbestos-producing province.Mineral Resources (MIC-T) has commissioned the Cassiar chrysotile asbestos project in northern B.C. Because the project was a few months l…
Macraes scales back expansion at New Zealand’s largest mine
Dunedin, New Zealand — The slump in gold prices has curtailed the expansion plans of Macraes Mining, owner and operator of New Zealand’s largest gold mine, some 60 km from this city in the eastern Ot…
Martha poised for expansion
Waihi, New Zealand — Tourists passing through this scenic community on the North Island are told that the most popular attraction is the Martha mine, a historic gold producer once known as Martha Hil…
TVX closes financing
The proceeds of a recently completed US$180-million financing will be used by TVX Gold (TVX-T) for general working purposes and project development.The financing syndicate was led by the Chase Manhatt…
Venezuelan court upsets Gold Reserve
A ruling by the Venezuelan Supreme Court suspending the issuing of mining concessions in the Imataca Forest Preserve could frustrate Gold Reserve (GLR-T) in its efforts to obtain hardrock mineral righ…
EXPLORATION ROUNDUP — Inmet, Altavista drill at Wild Mick
Partners Inmet Mining (IMN-T) and Altavista Mines (AIA-M) have intersected gold and silver mineralization at the Wild Mick property in central Zimbabwe.Seventeen holes, totalling 3,996 metres, were dr…
LME WAREHOUSE LEVELS (December 01, 1997)
Metalstocks (in tonnes) held in London Metal Exchange warehouses at Nov.24/97 (change from previous week in brackets):MetalStock(tonnes)Change…
Nelson sustains Tajikistani output
Nelson Gold (NLG-T) has maintained production levels at its partially owned Jilau gold mine in Tajikistan while decreasing its losses in the third quarter.The company is also a partner in the Taror co…