MINING IN MEXICO — Trev to test La Fabulosa
Preliminary exploration work on its La Fabulosa property in the state of Durango has outlined five drill targets, Trev (ASE) reports. The company plans to drill-test the targets in January and the com…
News
MINING IN MEXICO — Corner Bay, Magma in Cerro Verde deal
A subsidiary of Corner Bay Minerals (TSE) has signed a letter of intent with a subsidiary of Magma Copper (NYSE) concerning the Cerro Verde copper project near San Javier in Sonora state. The companie…
MINING IN MEXICO — Amelia exploration planned
The Amelia heap-leach gold mine near the Mexican town of Magdelena in the state of Sonora poured its first gold in January of this year. Owner Minera Roca Roja said that during the first three months …
MINING IN MEXICO — PRI returned; Zedillo is president-elect
A new Mexican president was elected this summer and his party, which has ruled the country for the past 65 years, kept a solid majority in both houses of the General Congress. In the presidential vote…
MINING IN MEXICO — Business centre opens doors
The Canada Business Centre opened its doors Sept. 1 in Mexico City. The Mexican operation is Canada’s first stand-alone trade centre. It provides Canadian business people with a “work place” other tha…
METALS COMMENTARY — Producers planning new capacity
Having taken it on the chin in the recent recession, metals producers — and their customers — are bouncing back in championship style. By shedding non-core assets and reducing costs by remarkable pe…
MINING IN MEXICO — Great Lakes makes discovery at Palmarito
At the Palmarito project in Mexico’s Sinaloa state, Great Lakes Minerals (TSE) has identified an area with significant gold and silver values. The mineralized area has a strike length exceeding 600 me…
MINING IN MEXICO — Mexican silver production projected to
Mexico is projected to produce 65 million oz. silver in 1994. The Silver Institute of Washington D.C., in its World Silver Survey 1994, says mine production in the country fell to 61 million oz. in 19…
Metall expanding Akie discovery
Drilling on the Akie property in northeastern British Columbia continues to expand a zone of zinc mineralization. Metall Mining (TSE) is earning a 60% interest in the property from Ecstall Mining (VSE…
Pouliot appointed Ontario’s acting mines minister
Ontario Premier Bob Rae has appointed Gilles Pouliot as acting minister of northern development and mines. He replaces Shelley Martel, the Sudbury East representative who recently resigned from cabine…
DIAMOND PAGE — New player in N.W.T. diamond hunt
WMC International, a subsidiary of Australian mining giant Western Mining Corp. Holdings, has become a player in the search for diamonds in the Northwest Territories. WMC recently signed a deal with L…
London Metal Exchange — Metal prices
Spot closing prices in $US per tonne Date Oct 18 Oct 17 Oct 14 Oct 13 Oct 12 Copper 2485.5-2486.5 2481-2482 2483-2485 2490-2491 2511-2513 Lead 643.5-644.5 640-641 641.5-642.5 634-635 634.5-635.5 Zinc …