Coal, trona output on rise in Wyoming
Wyoming’s production of coal and trona increased in 1995, according to figures released by the state’s geological survey. Trona, or soda ash, is a widely used industrial chemical. Trona increased to 1…
News
Asarco sells its stake in MIM
In an attempt to reduce its debt, Asarco (NYSE) has sold its 15% stake in Australian-based MIM Holdings.The sale generated US$331.2 million, which will result in an after-tax gain of US$39 million (or…
Royal Oak foresees growth after startup of Kemess
Toronto-listed Royal Oak Mines expects its annual gold-equivalent production to escalate to 1.2 million oz. by 2001, up from 371,000 oz. in 1995.The dramatic increase reflects the proposed Kemess gold…
Holmer Gold boosts exploration budget
The exploration budget for a portfolio of properties that stretches from Ontario to Cuba has been increased to $2 million, reports Holmer Gold Mines (ASE).Work is under way on Holmer’s gold property i…
Meetings (May 27, 1996)
MeetingsMay 27, AfrioreMay 27, DiabiorMay 28, Baja GoldMay 28, CopperstoneMay 28, IncoMay 28, Inter-Rock GoldMay 28, Loki GoldMay 28, Mongolia GoldMay 28, Peruvian GoldMay 28, Platinova A/SMay 29, Aca…
ANNUAL REPORT REVIEW — Trillion expanding exploration in West Africa
In exchange for 1 million treasury shares, Trillion Resources (TSE) is acquiring a 51% interest in CMC (West Africa), a subsidiary of Consolidated Mining Corp. of South Africa.CMC’s main assets are th…
SOUTHEAST ASIA SPECIAL — International Pursuit spans three nations
Toronto-listed International Pursuit (TSE) has interests in three separate countries in Southeast Asia, both directly and through ownership positions in three other companies.Pursuit is best known for…
AfriOre takes reins in Botswana
Having renegotiated the terms of its joint-venture agreement with Gencor, Toronto-based AfriOre (VSE) will now manage six diamond projects in South Africa and Botswana.AfriOre will have the right to e…
SOUTHEAST ASIA SPECIAL — Altai adds to property portfolio
Toronto-based Altai Resources (TSE) has added another gold project to its Philippine portfolio.The junior acquired the Bulan project, comprising 3,285 hectares in the province of Sorsogon, southern Lu…
Lawsuit may delay takeover — Inco shareholders give nod to Voisey’s Bay
Lawyers working for Inco (TSE) are reviewing a lawsuit which could stall, if not stop, the company’s imminent takeover of Diamond Fields Resources (TSE).Shareholders of Diamond Fields Resources (DFR) …
SOUTHEAST ASIA SPECIAL — Companies must learn political ropes
Mining operations in Southeast Asia must cope with some of the most difficult conditions in the world. But whereas obstacles created by thick jungle, mountainous terrain and swamp- land can, for the m…
SOUTHEAST ASIA SPECIAL — Pacific Amber tests Tujang property
An exploration program by Pacific Amber Resources (VSE) has identified three prospective zones on the Tujang property in Kalimantan, Indonesia.The junior has a 90% interest in the 25,000-hectare prope…