FACTS’N’FIGURES — Iron ore sector remains hot
Australia and Brazil are expected to remain the dominant exporters of iron ore, according to a report conducted by Sydney, Australia-based AME Mineral Economics.The study estimates operating costs for…
News
Inter-Rock pours gold from Daisy mine
Toronto-based Inter-Rock Gold (IRO-T) has poured its first gold from the Daisy mine in Beatty, Nev.The gold, totalling 439 oz., was poured at Rayrock Yellowknife Resources’ (RAY-T) Marigold mill in no…
EDITORIAL PAGE — Coal’s emerging giants
Coal may not be the most glamorous commodity mined in North America, but, in some parts of this continent, it is the most valuable.British Columbia is a case in point. The province’s existing coal ope…
Canadian mining companies curb overall emissions
The Mining Association of Canada (MAC) reports that 31 of its member companies have reduced their emissions of 12 major substances by 68% since 1988.These reductions are close to the 71% target origin…
Gold Funds (January 13, 1997)
Gold Funds as of January 2, 1997BGRCentralNet Value$22.29$6.13Price$16.20…
MOST ACTIVE ISSUES, Dec. 28-Jan. 7
ExchgVol(000s)CloseMaymac ExpV87910.27TVX Gold IncT…
THE DIAMOND PAGE — Botswana Diamondfields secures access at Rovic mine
In South Africa, Botswana Diamondfields (BWD-V) is cleaning up after a mud slide that killed 20 people at its Rovic diamond mine in late November.The Vancouver-based company has launched a recovery pr…
Kinross Gold boosts Goldbanks resource
Infill drilling by Kinross Gold (K-T) on the Main zone of the Goldbanks project, near Winnemucca, Nev., indicates a substantially larger gold resource than previously estimated.The new figure, estimat…
1996: A LOOK BACK — U.S. mining industry remained strong in 1996
A host of new discoveries and mine openings contributed to the overall strength of the American mining industry, and the sector appears poised to remain highly active throughout 1997.While Nevada rema…
Dakota Mining and USMX announce merger proposal
Two Denver-based companies — Dakota Mining (DKT-X) and USMX (USMX-Q) — are expected to merge.Under an agreement-in-principle, shareholders of USMX will receive one share of Dakota for every 1.1 shar…
ODDS’N’SODS — Zambia-bound
I chose to become a mining engineer because I felt it would afford the best opportunity to travel. When, some time ago, I was invited to be interviewed by RST International, which held an interest in …
Highlands to sell Porgera to Placer Dome
Australian-based Highlands Gold has struck a US$250-million deal with Placer Dome (PDG-T) to sell its 25% interest in the massive Porgera gold mine in Papua New Guinea.Highlands, formed under Papua Ne…