William accelerates closure
Poor third-quarter results have prompted William Resources (WIM-T) to shut down its Brazilian gold mine earlier than expected.In mid-October, William announced that its problem-plagued Jacobina mine w…
1998
Exall shines in third quarter
Junior producer Exall Resources (EXL-T) enjoyed a profitable third quarter, netting $801,031 in the three months ended Sept. 30, compared with net losses of $148,552 in the comparable period of 1997.T…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Inquiry to report on mine disaster
Work at a kimberlite pipe on the Tswapong property in Botswana has been halted after sampling indicated uneconomic diamond content.Owner Botswana Diamondfields (BWD-V) has since closed its field offic…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Ocean Diamond meeting targets
Production at operations owned by South African-based Ocean Diamond Mining Holdings are expected to meet projections.For the 6-month period ended Sept. 30, the company, produced 31,401 carats from the…
Energold to reacquire 100% of Longyear
Under a proposed agreement with Eldorado Gold (ELD-T), due to close in late November, Energold Mining (EGD-V) will reacquire the Longyear gold concession in the Dominican Republic.Energold currently h…
Careers (November 16, 1998)
Placer Dome North America…
Nord weighs development options for Tritton
Based on the positive results of a feasibility study, Nord Pacific (NPF-T) is weighing the merits of two mining scenarios for its 50%-owned Tritton copper project in New South Wales, Australia.Fortuna…
Magnesium Alloy advances Kouilou project
A letter-of-intent agreement between Magnesium Alloy (MGAC.U-C) and engineering firm SNC-Lavalin paves the way for advanced studies on the former’s Kouilou magnesium project in the Republic of Congo.T…
Mine exceeds targets
Partners High River Gold Mines (HRG-T) and TVX Gold (TVX-T) expect that 1998 production from the New Britannia gold mine will exceed the target of 92,500 oz.The companies each own half of the undergro…
LETTERS TO THE EDITOR — Geostatistics credible, widely used
The editorial “Challenging Geostatistics” (T.N.M., Sept. 28-Oct. 4/98) contains many statements and implications with which I disagree. I restrict my comments here to the title and the general aim of …
LME WHSE LEVELS (November 16, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 10/98 (change from Nov. 3 in brackets):MetalStocks (tonnes)Change…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Voisey’s Bay juniors on move as VSE posts modest gains
For the report period ended Nov. 10, the Vancouver Stock Exchange composite index inched up 3.45 points to 405.15, while the mining index added 5.48 points to finish at 300.55. The combined value of t…