Caldera earns into Aussie diamond play
A subsidiary of Caldera Resources (ASE) has formed a joint venture with an Australian junior to examine a diamond property in South Australia.Subject to regulatory approval, Caldera Resources NL can e…
News
Eden Roc reports profit from African gold mine
Annual earnings for Eden Roc Mineral (TSE) are finally in the black, following three years of unprofitable operations at its gold mine in Ivory Coast.For the year ended Dec. 31, Eden Roc earned $567,0…
Iamgold poised to become African producer
The coming year promises to be busy for Toronto-listed International African Mining Gold, otherwise known as Iamgold. Construction has started at its 38%-owned Sadiola Hill gold mine in western Mali, …
De Beers renews sales contract with Russian diamond producers
Following more than a year of difficult negotiations, De Beers Consolidated Mines and Russia have signed a contract for sales of Russia’s rough gem diamonds.The deal renews a 35-year relationship betw…
SOUTHEAST ASIA SPECIAL — BHP, Stellar work Philippine nickel project
While due diligence work continues on its Palawan nickel property in the Philippines, Stellar Gold (VSE) is proceeding with a prefeasibility study for the export of saprolite nickel ore.BHP Minerals i…
SOUTHEAST ASIA SPECIAL — Diadem, partners explore gold projects
Drills are turning on the Belitung Island lead-zinc-tin property of Diadem Resources (ME).Bre-X Minerals (TSE) geologist John Felderhof recently accompanied Michael Bird, his Diadem counterpart, to th…
STOCK MARKETS — Metals miss out on TSE’s rise
The Toronto Stock Exchange was up a modest 31.66 points over the report period ended May 21, closing at a record 5,238.25. The manufacturing, oil and gas, and financial services sectors drove the adva…
SouthernEra and RTZ team up
RTZ Mining & Exploration can earn a 51% interest in SouthernEra Resources’ (TSE) diamond exploration properties in Uruguay by spending $2 million over four years.The properties host kimberlite diatrem…
METALS COMMENTARY — Demand for gold offsets hedging activity
Gold 1996, the latest annual survey of the gold market from Gold Fields Minerals Services, shows that the hedging of future mine production reached a record level in 1995. Even so, the report shows th…
Diavik sampling confirms grade
A consistent grade of 4.53 carats per tonne is reported from sampling of the A-154 South pipe at the Diavik diamond project in the Northwest Territories. To date, processing has been completed on just…
TVX, Battle Mountain join up in Brazil
Two Toronto-listed companies — Battle Mountain Gold and TVX Gold — have formed a joint venture to develop the latter’s Volta Grande gold property in Brazil’s Para state.The property consists of 15,1…
RJK picks up ground in Brazil
Junior RJK Explorations (ASE) has agreed to acquire a gold concession along the Gurupi trend in Brazil in exchange for US$450,000 cash.Gold mineralization within the 10,000-hectare concession appears …