OroGrande interested in Brazil
Alberta-listed OroGrande Resources, formerly known as Trev, intends to acquire an 80% interest in the Princeza gold mine property in Brazil’s Paraiba state. The junior will spend $3.3 million and make…
News
Copper, molybdenum prices boost Cyprus Amax earnings
Higher molybdenum and copper prices last year enabled Cyrus Amax Minerals (NYSE) to report earnings of US$175 million (or US$1.69 per share) on revenues of US$2.8 billion. That compares with earnings …
MINING IN AFRICA SPECIAL — Mali called “Treasure of West
Mali has been called “West Africa’s ancient treasure chest,” and for good reason. Gold made the ancient empire of Mali one of the wealthiest in the world, and three great empires ruled in its territor…
MINING IN AFRICA SPECIAL — Mutual’s land holdings in West
Ghana (1) Tarkwa: 220-sq.-km concession, operating underground mine with exploration in the south for surface mines. An extensive 50,000-metre drilling program is under way consisting of 24 surface ho…
MINING IN AFRICA SPECIAL — St. Genevieve acquires gold
Montreal-based St. Genevieve Resources (TSE) has acquired the Jean-Gobele gold property in Guinea, West Africa. The transaction appears to be a coup for the junior as the property already hosts a pote…
MINING IN AFRICA SPECIAL — African Minerals eyes Zambian
Privately owned African Minerals is planning to go public with mineral projects acquired or optioned in emerging countries of Africa. Zambia and South Africa were chosen as bases of operations because…
Skyline to develop Bronson Slope
Drilling will resume in the spring on Bronson Slope in the Iskut River district of northwestern British Columbia. Bad weather in late 1994 forced International Skyline Gold (TSE) to suspend drilling a…
MINING IN AFRICA SPECIAL — Etruscan upbeat on Koma Bangou
Following reverse-circulation (RC) drilling and trenching on the Koma Bangou gold project in Niger, Etruscan Enterprises (VSE) is optimistic about increasing reserves. The 31,000 ft. of drilling and 9…
COMMENTARY — Watching the `Tequila effect’
We have seen extensive coverage recently in the financial press of the economic — and social — problems in Mexico. In late December, after months of building pressure, the new Mexican government of …
Wiscan to merge with Yamana
A merger between Wiscan Resources (TSE) and privately owned Minera Yamana has been approved. Wiscan will transfer its assets and liabilities to a wholly owned subsidiary, Moss Resources, and the share…
MINING IN AFRICA SPECIAL — Serengeti eyes Kenyan gold
One of the first North American-based companies to take an interest in Kenya’s gold potential is Serengeti Diamonds (VSE), a Toronto-based junior best known for its diamond exploration projects in Tan…
MINING IN AFRICA SPECIAL — ZCCM to sell Chambishi mine
The Chambishi copper mine and associated assets are being offered for sale by Zambia’s state-owned copper miner ZCCM. According to Platt’s Metals Week, tender advertisements will soon invite bidders t…