Having acquired a prospecting licence for the Dunkwa gold property in Ghana, Birim Goldfields (CDN) is setting its sights on production, possibly within three years. President Stuart Lee says the comp…
Canada’s second-largest nickel producer, Falconbridge (TSE), completed a successful initial public offering about mid-year. The transaction, worth about $1.4 billion overall, was one of the country’s …
A group of former employees of Curragh successfully acquired the Faro zinc-lead mine assets of the bankrupt producer. The operation is situated in the Yukon. Anvil Range Mining (TSE), which became a p…
Several developments are reported from Hendricks Minerals Canada’s (CDN) three base and precious metals projects. Assay results are now available from the last hole of the 1994 exploration project at …
Drilling conducted at the Omai gold mine in Guyana has led to a 40% increase in proven and probable reserves, compared with the estimates contained in the original (December, 1990) feasibility study. …
Partners Sharpe Energy & Resources (VSE) and Freewest Resources Canada (TSE) have drilled their first drill hole in the so-called Wisconsin massive sulphide program. The Sharpe-Freewest program is foc…
Toronto-listed Caledonia Mining has completed transactions to acquire two companies with operating gold mines in South Africa for a total of $49.1 million. Caledonia can acquire a 100% interest in Bar…
There is no single way to build a successful mining company, as two giants on the Canadian scene affirm. In 1923, prospector Ed Horne undertook to work his way east from Kirkland Lake, Ont., and disco…
Exploration and mining developments around the world will be the topic of an address Jan. 19 at the Students’ Night dinner of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Pet…
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 20 Dec. 19 Dec. 16 Dec. 15 Dec. 14 Copper 2974-2975 3002-3007 3054-3055 3038-3040 2957-2960 Lead 632.5-633.5 626-628 639-640 634.5-…
Garnet mining is expected to begin next summer at the Alder property, 60 miles southeast of Butte, Mont. Owner Cominco Resources International (TSE) estimates reserves are sufficient for 30 years. A c…
An affiliate of Kennecott has bought an interest in Colowyo Coal, a surface mine south of Craig, Colo., which produces about 4 million tonnes annually of low-sulphur, high-Btu coal. Kennecott’s deal, …
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