News

An explosion that killed as many as 10 people has suspended operations at the Porgera gold mine in Papua New Guinea. The mine is 25% owned by Placer Pacific, a subsidiary of Placer Dome (TSE). Althoug…

Normally, the summer holiday season is a quiet one for metals markets, but this summer is proving less quiet than most. Many customers of the mining industry are being met with an unusual challenge: t…

Semi-monthly reports as of Jul 15, 1994 showed 265,326,185 shares of 901 issues compared with 249,548,306 shares of 870 issues on Jun 30, 1994. Larger individual positions included: Aber 111,500, up 6…

The owners of the Escondida copper mine in northern Chile’s Atacama Desert have expanded production capacity twice since operations started in November, 1990. The partners now plan to spend US$520 mil…

Nickel and copper prices have improved, but Inco (TSE) continues to spill red ink. The company reported a second-quarter net loss of US$7.6 million, compared with a net loss of US$2.2 million for the …

Two mining companies are at odds over a court ruling dealing with property rights in Venezuela. Gold Reserve (TSE) of Spokane, Wash., says TVX Gold (TSE) was incorrect in announcing that a ruling in f…

The United Nations General Assembly has passed a resolution regulating seabed mining, paving the way for ratification of the landmark UN treaty on the Law of the Sea, which has languished for years. T…

The drama surrounding Royal Oak Mines’ (TSE) takeover bid for Lac Minerals (TSE) is overshadowing the startup of the Colomac gold mine 137 miles north of Yellowknife, N.W.T. Royal Oak expects to produ…

Exploration activity in the Lac de Gras region of the Northwest Territories is resulting in more kimberlite discoveries. The latest is the Nicholas Bay kimberlite, discovered last April on the Aylmer …

Investors in International Platinum (TSE) continue to await the results of an independent evaluation of its Black Rock project in Arizona. According to David Powell of IPC’s investor relations office,…

Vector Industries International Inc. (VII:VSE) has changed its name to Vector Diamond Corporation (VII:VSE) on a sh-for-sh basis.

Paul Rose appointed vice-president of exploration.