NEWS ROUNDUP — Court rejects Exminesa appeal
The Spanish Constitutional Court has rejected an appeal by Exminesa related to royalties owing to Mount Wright Iron Mines (CDN) from the lead-zinc-silver Rubiales mine in Spain. Exminesa was appealing…
News
Int’l Platinum files financial data
Toronto-listed International Platinum (IPC) has filed its 1993 and year-to-date financial statements with the Ontario Securities Commission (OSC). In late May, the OSC imposed a cease-trading order ag…
Republic acquires Mexican gold prospect
A 6,500-acre, gold-silver property in the Madera mining area of northern Mexico has been acquired by Republic Goldfields (VSE). The property is at the northern end of the Dolores Mining camp and is co…
Diesel spill at Windy Craggy
Diesel oil has spilled from a storage tank at the Windy Craggy property in northwestern British Columbia. Property owner Geddes Resources (TSE) was informed of the spill by the environmental protectio…
Governments sell Cameco shares
The two major shareholders of Cameco (TSE) intend to sell 2 million shares in a secondary issue. The governments of Canada and Saskatchewan say the shares will be sold at $25.50 each, on a bought-deal…
High-purity rare earths grow in demand
High-purity rare earths products represent an important and fast-growing market, says market analyst Roskill. Its report, The economics of rare earths 1994, states that separated rare earths claims ar…
Cumberland buys Asamera royalty
Gold explorer Cumberland Resources (VSE) acquired the 2% royalty against its interests in the Meliadine, Meadowbank and Parker Lake projects in the Northwest Territories. The company paid Asamera Mine…
COMMENTARY — Marketing clean coal technologies
The Energy Information Administration (EIA) in the U.S. expects world coal consumption to increase by 30% between 1990 and 2010, from 5.1 billion to 6.5 billion tons. Five regions stand out as major f…
Russian gold mining sector undergoes major changes
A major world gold producer for many years, Russia now ranks fifth on an international level, behind South Africa, the U.S., Australia and Canada. Russia produced about 65% of the former Soviet Union’…
Kazakhstan tailings get green light
A bankable feasibility study has been completed on the Leninogorsk gold tailings project in Kazakhstan.
Caledonia acquires Spanish gold mine
In a deal retroactive to Jan. 1, 1994, Caledonia Mining (TSE) has increased, to 83.2% from 24.8%, its interest in the Filon Sur gold mine in southern Spain. The mine, which employs 45 people, is in Hu…
MSV prepares Eastmain project for production
The owner of the Eastmain gold project in northern Quebec will receive a $3.4-million grant under a federal-provincial subsidiary agreement on mineral development. MSV Resources (ME) says the recently…