EAG raises $33m to explore Africa
The newest member of the stable of juniors affiliated with St. Genevieve Resources (SGV-T) has raised $33 million to explore greenstone belts in Africa.Emerging Africa Gold (EAGI-C) acquired several g…
News
Consortium will develop Vasilkovskoye
A licence has been issued to a 3-company consortium selected by the government of Kazakhstan to explore and develop the Vasilkovskoye gold deposit.The deal, subject to completion of contract documenta…
PEOPLE — ST ANDREW (July 15, 1996)
Charles Gryba appointed president and director.
Cyprus Amax drills in Indonesia
A drill program by a unit of Cyprus Amax Minerals (CYM-N) is under way at Kalimantan Gold’s (KALG-C) Mansur prospect in Kalimantan, Indonesia.Cyprus has completed five of the seven holes planned for t…
PEOPLE — TRANS ATLANTIC (July 15, 1996)
Arvin Singh appointed director.
Miners head back to work at Doyon
Mining operations at Cambior’s Doyon gold mine, near Rouyn-Noranda, Que., have resumed, following negotiations with workers there.Talks held with the United Steelworkers of America resulted in the ren…
Toronto Stock Exchange Indices (July 15, 1996)
1996July 9July 8July 5July 4July 3HighLowComposit…
Nelson, Tajikistan reach agreement
The government of Tajikistan and Nelson Gold (NLG-T) have reached an agreement on the gold sales, royalties and taxes related to Nelson’s operations in the country.Production from Nelson’s 49%-owned Z…
NEWS IN BRIEF (July 15, 1996)
Consolidated Madison Holdings (KAD-V) and Future Avenir (FAVC.A-V) (FAVC.B-V) have amalgamated to form Ourominas Minerals (OMI-V). Consolidated Madison shareholders receive 0.6 new shares for one old …
BOOK BRIEF
The Canadian Institute of Mining, Metallurgy & Petroleum (CIM) has published a comprehensive reference on porphyry deposits of the northwestern Cordillera.Entitled Porphyry Deposits of the Northwester…
PRODUCER PRICES (July 15, 1996)
ALUMINIUM: LME settlement US$1,471 per tonne (July 3, 1996).ANTIMONY: Composite free market, US$2,875 per tonne (July 2, 1996).BISMUTH: Composite free market US$3.50 per lb. (July 1, 1996).CADMIUM: Co…
Tiomin advances Panamanian prospect
Drilling and construction by a team of more than 100 workers is under way at the Cerro Colorado copper deposit in Panama, reports property owner Tiomin Resources (TIO-T).By mid-August, Tiomin will be …