Financing arranged for Lomas Bayas
Debt financing to the tune of US$140 million has been arranged for development of the Lomas Bayas oxide copper mine project in northern Chile.The project has been delayed since early July, when Gibral…
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LITERATURE REVIEW SPECIAL — Cyprus Amax produces copper at El Abra mine
In northern Chile, Cyprus Amax Minerals (CYM-N) has started producing copper at the El Abra mine, seven months ahead of schedule.The first cathode was produced from the solvent extraction-electrowinni…
Quebec gov’t stakes nickel as private sector looks on
Traditionally, in Canada, provincial and federal geologists assist the mining industry by mapping virgin areas and releasing information about prospects and showings that often point the private secto…
LITERATURE REVIEW SPECIAL — Freegold sets sights on Alaska’s placer territory
Since 1902, nearly 10 million oz. gold have been pulled from alluvial gravels in the Fairbanks district, where miners worked their way up-stream in search of the lodes that fed the placers. The old-ti…
LITERATURE REVIEW SPECIAL — Romarco picks up more gold at Midas property in Nevada
At its Midas property in Elko Cty., Nev., Romarco Minerals (R-T) has intersected additional gold mineralization.Earlier reverse-circulation drill holes there intersected mineralized zones with grades …
LITERATURE REVIEW SPECIAL — NEWS ROUNDUP — Echo Bay to fix wall at McCoy-Cove
Ground movement of the pit wall at the McCoy-Cove gold mine in Nevada has prompted Echo Bay Mines (ECO-X) to remove the unstable block.The company will spend US$30 million to remove 30 million tons of…
LITERATURE REVIEW SPECIAL — NEWS ROUNDUP — Newmont adds ground near Rain
Newmont Gold (NGC-N) has bought Quest International Resources’ (QIX-T) stake in the Tess gold property in Elko Cty., Nev.The major will gain complete ownership of the 3.5-sq.-mile property, near the R…
LITERATURE REVIEW SPECIAL — Inco names Gendron president of VBN
Nickel giant Inco (N-T) has announced that longtime Inco executive A.S.Gendron has been appointed president of Voisey’s Bay Nickel Co. (VBN), a subsidiary.Gendron will lead a new team to develop the V…
LITERATURE REVIEW SPECIAL — Dynacor explores Acari mine
A new mill is under construction at the Acari gold project in Peru, reports Dynacor Mines (DYN-M). The crushing circuit is being tested with a 50-ton bulk sample that will enable the company to estima…
LITERATURE REVIEW SPECIAL — Getchell ups gold resource for Turquoise Ridge deposit
With the headframe up and the hoist installed at the Turquoise Ridge gold project in northern Nevada, operators are turning their attention to sinking a ventilation shaft.Getchell Gold (GGO-X) chose t…
Wheaton hits zone at Golden Bear
A wildcat hole on the Golden Bear property in northwestern British Columbia has returned a 4.6-metre intersection grading 7.9 grams gold per tonne, report partners Wheaton River Minerals (WRM-T) and N…
Drilling expands Cerro Casale gold-copper deposit
Deep drilling at the Aldebaran property in northern Chile has expanded the width of the low-grade Cerro Casale gold-copper porphyry deposit.The main porphyry zone was previously estimated by partners …