Vengold acquiring Mt. Kare stake
An agreement with an Australian mining company, Ramsgate Resources, sets the stage for Venezuelan Goldfields (TSE) to acquire up to 64% of the hardrock rights of the Mt. Kare gold property in Papua Ne…
1994
EDITORIAL PAGE — Grave influence
That infamous Filipino couple, the Marcoses, held quite different views on investments. Wife Imelda’s portfolio was weighted heavily towards shoes (investment-grade, we’re sure; she reportedly stuffed…
PEOPLE — AQUAMIN RESOURCES
J. Blair appointed chairman and director; Robert Plenge will supervise exploration for the company.
PEOPLE — GOLDEN RAINBOW RESOURCES
Timothy Ryan appointed president and director; L. Hendry appointed director.
First KWG pour from Granada
The first gold brick was poured this month from 3,680 tons of material from the Granada property near Rouyn-Noranda, Que. KWG Resources (ME), which has been custom-milling ore from the No. 1 zone, pla…
Mexican mining industry to benefit from NAFTA
The creation of freer trade among Mexico, the U.S. and Canada will require that mining companies in the Latin American country become more efficient and productive, according to a study. In an analysi…
Gold bugs confident in metal’s fundamentals
Gold bugs have been watching, perhaps nervously, as the price of the yellow metal has drifted down. At presstime, it was trading in the US$380-per-oz. range, off from just below US$400 a few weeks ago…
Ag Armeno plans drill programs in Ecuador
Active in Ecuador since 1985, Ag Armeno Mines & Minerals (VSE) is looking to explore several properties this year. A 10,000-ft. drilling program will get under way soon at the Fierro Urco property, un…
EDITORIAL PAGE — Parliamentary gridlock
The nature of the debate in the House of Commons (we use the term “debate” loosely) during the first week of the new Parliament was not encouraging. For those of us concerned about Canada’s economic w…
William options Transvaal project
Montreal-based William Resources (ME) has an option to acquire the Malmani gold property in the South African province of Transvaal. The deal is with Braeside Investments of the United Kingdom. Willia…
AMR buys another rare earth factory
Having acquired 60% of a rare earth plant in China last year, Advanced Material Resources (ASE) has bought an 80% joint-venture stake in another such factory in the same country. The former project is…
Bema converts debt to equity
By converting its debt to equity, Bema Gold (TSE) significantly improved its financial position in 1993. Convertible debentures totaling $15.8 million were swapped for equity, and a further 1.1 millio…