Indonesia sells stakes in companies for cash
American brokerage houses Lehman Brothers and Goldman Sachs have reached an agreement with the new government of Indonesia to assist in the partial privatization of 12 state-controlled companies.The g…
1998
Golden Star boosts Guyanor
Golden Star Resources (GSR-X) has agreed to accept shares from Guyanor Ressources (GRL.B-T) as repayment of debt.The transaction increases to 71% Golden Star’s stake in the French exploration company….
DIAMOND PAGE — Trivalence boosts production
With its new 14-ft. commercial pan plant up and running, Trivalence Mining (TMI-V) continues to crank out diamonds at its 85%-owned Aredor alluvial operation in Guinea, West Africa.For the month of Ma…
DIAMOND PAGE — Partners await valuations from AK
A mini-bulk drill sample collected this past winter from the 5034 kimberlite pipe on the AK property in the Northwest Territories has returned results consistent with previous work.Monopros, a subsidi…
Grayd advances Alaskan properties
Slumping metals prices and weak equity markets have not deterred Grayd Resources (GYD-V) from pursuing its impressive portfolio of properties in the Bonnifield and Delta districts of Alaska.”We’ve bee…
NEWS ROUNDUP — Financing benefits Velardena
In a move aimed at accelerating production from the Velardena gold-silver mine in Durango state, Mexico, a group of investors represented by Global Equities has acquired a block of ECU Gold Mining (EC…
BASE METALS — Rio Algom forges ahead in copper quest
Once known principally for its production of uranium, Rio Algom (ROM-T) is steadily earning a reputation as a major producer of copper.Last year, while addressing shareholders at the company’s annual …
BASE METALS — Breakwater resurrects Tunisian mine
After a startup period of less than a month, the Bougrine mine in Tunisia, has begun cranking out zinc and lead at commercial levels.The mine’s owner, Breakwater Resources (BWR-T), reports that mill t…
BASE METALS — Raudin pegs copper resource
Raudin Exploration (RAU-M) has unveiled its first resource estimate for its Vondenbleu copper-silver property in the Mont-Alexandre area of Quebec’s Gasp Peninsula.Based on a 7,800-metre program comp…
Alcan group nixes Venezuelan buyout
The Alcan-Alcoa consortium has declined to submit a bid in the privatization of Venezuela’s aluminum companies, stating that the risks inherent in the current privatization process far outweigh the po…
Sunshine hits new high-grade silver vein
With recent drilling at the Pirquitas silver-tin deposit in northern Argentina having encountered new mineralization, Sunshine Mining & Refining (SSC-N) reports that the final feasibility study on the…
MINING MARKETS & INVESTMENT NEWS — Aurizon Mines raises $7m for Casa Berardi
Vancouver-based Aurizon Mines (ARZ-T) has arranged a $7-million financing, proceeds from which will be used to acquire and explore the Casa Berardi gold mine in northwestern Quebec.The first installme…