FACTS ‘N’ FIGURES — Gold sales in perspective
The subject of central banks and gold has become a major issue for the world gold market. One question being widely discussed is “Do recent central bank sales of gold invalidate the role of gold as a …
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FACTS ‘N’ FIGURES — Indian silver imports on rise
Silver imports into India totalled more than 100 million oz. in the first eight months of 1997 — a 50% increase over the same period last year, according to Gold Fields Mineral Services. And with fur…
AFRICA — Golden Knight sees bright future for projects in West Africa — Development at Tarkwa nearly complete
Although its work in the Night Hawk Lake area of Ontario has attracted more attention of late, Golden Knight Resources (GKR-T) holds an impressive portfolio of gold properties in far-off Burkina Faso …
EXPLORATION ROUNDUP — Platexco explores for platinum in South Africa –Drills target Merensky, UG-2 reefs at Winnaarshoek property
Steelpoort, South Africa — Emerging with a victory after years of legal wrangling with South African giant Anglo American, junior Platexco (PGMI-C) has begun an exploration campaign on the Winnaarsho…
Anglo forms top gold company
For decades, South Africa-based mining house Anglo American has been a huge, complex organization in which dozens of mines were held by dozens of publicly traded operating companies. This is no more.P…
GLOBAL SEARCH FOR GOLD — Gold demand rises as prices languish
Reports released by two prestigious precious metals research goups paint rosy portraits of future gold demand.Both New York City-based CPM Group and London-based Gold Fields Mineral Services refer to …
Rio Tinto farms out PNG porphyry
Rio Tinto (rtp-n) has farmed out a minority interest in the Wafi copper-gold porphyry in Papua New Guinea to an Australian firm.The British giant has given Provincial Gold Fields the opportunity to ac…
NEVADA — Newmont, Barrick rise to the top
Several North American companies with operations in Nevada are moving ahead of their South African competitors within the top tier of the world’s gold producers.While Anglo American of South Africa is…
THE GLOBAL SEARCH FOR GOLD SPECIAL — Junior companies converge on West African prospects
The political and economic reforms sweeping the African continent continue to attract an increasing number of North American gold exploration companies.The yellow metal has been mined in West Africa f…
BOOK REVIEW — Book explores world diamond market
Three prominent international mining writers have produced New Frontiers in Diamonds, a book that analyzes the world diamond industry and the dramatic changes expected to take place in the next centur…
Etruscan expands Samira gold deposit in Niger
Diamond drilling on the Samira gold project in Niger has enabled Etruscan Enterprises (TSE) to trace the Samira sedimentary horizon over a strike length of 2.7 km.Geophysical surveys indicate that the…
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…