Manhattan adds to Mexican portfolio
Toronto-listed Manhattan Minerals has staked an 11-sq.-km gold property in Chihuahua state, Mexico. The land package comprises several large breccia zones hosted in andesite volcanics. One of the zone…
Toronto-listed Manhattan Minerals has staked an 11-sq.-km gold property in Chihuahua state, Mexico. The land package comprises several large breccia zones hosted in andesite volcanics. One of the zone…
The cash cost of the expanding Escondida mine in Chile is in the mid-US40 cents per lb. range. Analysts for T. Hoare & Co. of London, in a recent report, estimate the above production cost for the pro…
Coal has been a basic commodity for the development of industry as we know it today. It has been essential in most European countries for centuries. More than 3 billion tons of coal are mined annually…
Alberta-listed Marum Resources intends to acquire the Wolverine gold property in Madison Cty., Mont., as well as additional ground nearby. Previously, the area was explored for iron ore hosted in an A…
Your editorial “Diamond standard needed” (T.N.M., Feb. 28/94) incorrectly implies that public reporting of Canadian diamond exploration results is not governed by adequate reporting standards. Stock e…
The Homestake mine in South Dakota produced 13% more gold in 1993 than in the previous year. Indeed, at 447,600 oz., the operation enjoyed its highest level of production since 1971. Homestake Mining …
Toronto-listed Teck intends to buy a 51% interest in a property near Timmins, Ont., from Band-Ore Resources (CDN). To do so, it must spend $800,000 on exploration over the next four years and pay $105…
The management of Aaron Oil (ASE) has decided to divide the company’s oil, gas and mining assets into two separate companies. The division is planned to enhance shareholder value and increase financin…
The largest mining company in Peru, Centromin, is up for sale. The sale of Centromin is a large step in the aggressive privatization program started by President Alberto Fujimori in 1992. It will mean…
Federal Finance Minister Paul Martin will address a May 4 joint luncheon during the Toronto ’94 mining show. The luncheon will be part of the Minerals Outlook Conference, a 1-day event sponsored by th…
Glen Dickson appointed president; William McCrindle appointed vice-president and John Greig appointed chairman.
Murray Provost and Bruce Horner appointed directors.
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