| Business Summary | | Trivalence
Mining
Corporation
is
a
mining
company
based
in
Canada.
The
Company
owns
its
interest
in
the
Aredor
diamond
mine
and
its
Kokong
exploration
licenses
through
its
wholly
owned
subsidiaries,
First
City
Mining
Company
Ltd.
and
Pioneer
Mining
Company
N.V.
which
hold
100%
of
the
Kokong
Licenses
and
85%
of
Aredor
FCMC
S.A.
(a
Guinean
corporation
which
holds
100%
of
the
Aredor
concession).
The
remaining
15%
interest
in
Aredor
FCMC
S.A.
is
held
by
the
government
of
the
Republic
of
Guinea.
Trivalence
Mining
Corporation's
Palmietgat
Project
is
held
through
its
wholly
owned
subsidiaries
Anglo-Canadian
Mining
Corporation
and
Fraser
Mining
Corporation,
which
hold
a
50%
interest
in
North
American
Mining
Corporation
(PTY)
Ltd.
The
Company
maintains
a
subsidiary
office
in
Conakry,
the
capital
city
of
the
Republic
of
Guinea.
This
office
performs
the
supporting
role
for
the
mining
operations
by
supplying
equipment
and
logistics
for
Aredor. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Trivalence
Mining
Corporation
is
currently
mining
its
alluvial
diamond
property
at
Aredor,
developing
its
kimberlite
diamond
deposit
at
Palmietgat
and
exploring
for
kimberlite
pipes
on
its
existing
and
prospective
properties.
For
the
six
months
ended
12/31/00,
revenues
rose
80%
to
C$10.9
million.
Net
income
before
US
GAAP
totalled
C$354
thousand
vs.
a
loss
of
C$2.4
million.
Results
reflect
an
increase
in
diamond
sales
and
a
decrease
in
interest
expense
on
long
term
debt. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Khan Lutfur | Pres,
CEO, Director | Hamish Malkin | CFO | Omair Choudhry | VP
of Fin. and Admin. | Karl Schimann, Ph.D. | VP-Operations | Warren Robb | VP
of Investor Relations |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|