Lihir Gold makes progess in PNG
Lihir Gold (LIHRY-Q) is advancing the startup date for processing of oxide ore at its namesake mine in Papua New Guinea.Construction is nearly 40% complete, and early commissioning of the sulphide pro…
News
Aurizon inks deal to develop Douay West
An option agreement could see the Douay West gold deposit, northeast of Joutel, Que., enter production by mid-1998.Aurizon Mines (ARZ-T) has signed a deal with owner Vior Mining Exploration (VIO-M), w…
EDITORIAL PAGE — The fall guy
U.S. President Bill Clinton told delegates attending the recent Democratic Party convention that his administration “had saved Yellowstone Park from mining.” Next, he assured delegates that his admini…
TSE INDICES (September 09, 1996)
1996Sept 3Sept 2Aug 30Aug 29Aug 28HighLowComposit…
London Metal Exchange Stocks
London Metal Exchange warehouse levels at Sept. 2/96 (tonnes; change from previous week in brackets):Copper275,775(+4,100)Tin10,640(-105)Lead110,875(+8,100)Zinc562,475(+1,350)Aluminium936,300…
Exall Resources raises financing
In northeastern Ontario, development work continues on schedule at the Hislop Twp. gold project of Exall Resources (EXL-T) and Glimmer Resources (GME-V).The former has reached an agreement in principl…
NEWS IN BRIEF (September 09, 1996)
Jackpine Mining (JPM-V) has changed its name to USV Telemanagement (UVT-V).
PEOPLE — CONNECTICUT DEVELOPMENT (September 09, 1996)
Robert Kolt appointed director.
STOCK MARKETS — Mining stocks dip in sluggish market
The Toronto Stock Exchange lost some ground over the trading period ended Sept. 3, with the TSE 300 composite index off 21.99 points to close at 5,151.89. Trading was active in the earlier part of the…
Birim and Battle define gold zone
A reverse-circulation drill program on the Dunkwa property in Ghana, West Africa, has defined a 300-metre-long zone of mineralization for partners Birim Goldfields (BIRM-C) and Battle Mountain Canada …
Randgold gains stake in Malian gold mine
Randgold Resources, the exploration arm of South Africa’s Randgold group, has acquired the Malian subsidiary of BHP Holdings (International). The deal includes a 65% stake in Syama, a large Malian gol…
SouthernEra work yields 2,000 carats
A bulk-sampling program at SouthernEra Resources’ (SUF-T) Klipspringer diamond project in South Africa has yielded more than 2,000 carats.A valuation on the first 1,753 diamonds in the parcel, most of…