Diavik project enters feasibility home stretch
Having incurred more than $80 million in expenditures on a 2-year prefeasibility study, the Diavik diamond project in the Northwest Territories is entering the formal feasibility and permitting phase….
News
Drilling shows potential of sulphide resource at Sadiola — More drilling required for resource calculation
An 11-hole program, carried out to assess primary sulphide mineralization below the oxide ores at the Sadiola Hill gold mine in western Mali, has confirmed that several broad mineralized zones exist a…
Teck, WC intersect massive sulphides in Mexico
Diamond drilling on the Mexican project known as El Salvador has intersected a 163-metre interval of massive-to-semi-massive sulphides.The 225-sq.-km project, situated in the central state of Zacateca…
Candelaria expanded ahead of schedule
Phelps Dodge (PD-N) has completed expansion of the Candelaria copper operation in northern Chile more than eight months ahead of schedule and US$30 million below budget.The company began the expansion…
DIAMOND PAGE — Cons. Texas adds to NWT holdings
Consolidated Texas Northern Minerals (CXH-V) has added to its MAC claim block in the Mackay Lake area of the Northwest Territories by acquiring 43,900 acres of infill claims from Inukshuk Capital.Earl…
DIAMOND PAGE — Spider targets near Wawa
Partners Spider Resources (SPQ-A) and KWG Resources (KWG-T) report that 231 diamonds were recovered from eight separate outcrops at their Wawa diamond project in Ontario.Of this total, 37 stones were …
Diverse portfolio keeps Placer busy — Major is on track to produce 2.4 million oz. in ’97
Despite significantly lower gold prices, Placer Dome (PDG-T) continued to achieve positive results during the third quarter.The major earned US$11 million (or 3 cents per share) on sales revenue of US…
McWatters cuts mining costs
During the first 19 days of production for new owner McWatters Mining (MCW-T), the Kiena and Sigma gold mines in Quebec’s Val d’Or camp turned out 8,409 oz. gold at a cash operating cost of US$241 per…
Coeur secures permits for Kensington
Coeur d’Alene Mines (CDE-N) has received permission to develop, the Kensington gold project, 45 miles north of Juneau, Alaska.The company is engaged in studies with independent consultants aimed at lo…
Cyprus gives go-ahead for Cerro Negro
Cyprus Amax Minerals (CYM-N) will proceed with the development of the Cerro Negro copper project, adjacent to its Cerro Verde copper mine in southern Peru.The projected cost of developing Cerro Negro,…
Ivanhoe wins bid for Chambishi mine
Privately owned Ivanhoe Capital has been awarded a contract to reopen the Chambishi copper mine in Zambia.The company will become the joint-venture partner of Zambia Consolidated Copper Mines (ZCCM), …
COMMENTARY/GEORGE MILLER — Mining works for Canada
The author is outgoing president of the Mining Association of Canada. On the eve of his retirement from that Ottawa-based organization, he has written the following article at the request of Keep Mini…