Asarco resolves issues with EPA
The U.S. Environmental Protection Agency has reached an agreement with Asarco (AR-N) concerning environmental issues at two of the company’s operations.The major has agreed to spend US$61.5 million on…
1998
Mineral economics meeting set for Washington
The seventh annual meeting of the Mineral Economics and Management Society (MEMS) is scheduled for March 25-28 in Washington, D.C.The chairman of this year’s Professional Program and Meeting will be D…
Cameco refinery sets record
For the past eight years, Cameco has operated its uranium refinery in Blind River, Ont., without once experiencing a lost-time accident.In late January, company officials recognized the achievement at…
Murgor drills gold find
Montreal-based Murgor Resources (MUG-M) has entered the first phase of drilling at its Dorset gold property, near Mishubishu Lake in northwestern Ontario.The program is expected to total 1,500 metres,…
GEOLOGY 101 — Carlin-type gold deposits, Part 1
Sediment-hosted disseminated gold deposits consist of fine-grained gold in silty carbonaceous sedimentary rocks. These deposits occur in the Great Basin of the southwestern U.S.Regions in which this s…
Yakutia’s biggest gold company gets axe
The government of Yakutia is chopping up Sakhazoloto, the financial and industrial company that holds the licence to all gold fields in the Russian republic.Sakhazoloto is an amalgamation of Yakutia’s…
GREATEST VALUE TRADED, Jan, 28-Feb. 3
ExchgVol(000’s)HighLowCloseChangeBarrick GoldT417…
DIAMOND PAGE — Study gives Liqhobong project thumps-up
With a positive prefeasibility study in hand, Messina Diamond (MSC.U-T) plans to continue with sampling programs in order to complete a bankable feasibility study for its Liqhobong diamond project in …
Gold production soars in former USSR
Many regions of the former Soviet Union boosted their gold production in 1997.In Kyrgyzstan, 17 tons of the yellow metal were produced, compared with just 1.5 tons in 1996. The jump was sufficient to …
Holloway below expectations
The current slump in gold prices is taking its toll on Teddy Bear Valley Mines (TBY-T), the 15.35% owner of the Holloway gold mine in northeastern Ontario.Operated by Battle Mountain Canada (BMC-T), w…
LME WAREHOUSE LEVELS (February 02, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.27/98 (change from Jan. 20 in brackets):MetalStock(tonnes)Change…
Drilling continues at Vueltas del Rio
Infill drilling at one of the two main zones of the Vueltas del Rio gold project in northwestern Honduras continues to intersect impressive mineralization for property owner Geomaque Explorations (GEO…