LAST BUT NOT LEAST — Crude steel output on rise
Developing countries produced 127.8 million tonnes of crude steel in 1993, up 9% from 1992, the International Iron and Steel Institute reports. It was the first year in which global production in thes…
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LAST BUT NOT LEAST — Correction (April 11, 1994)
Producer Rio Algom (TSE) generated revenue of $22.1 million in 1993 from the combined disposition of its interests in El Condor Resources (VSE), St. Philips Resources (VSE) and two other portfolio inv…
Geoscientists continue international focus
With domestic work for Canadian geoscientists having diminished over recent years, many individuals and companies are being forced to broaden their horizons and search for opportunities outside the co…
LATIN AMERICAN SPECIAL — New Mexican mines producing
Foreign influence on mining in Mexico continues to be felt with the recent openings of new gold mines. Long-time Mexican producers such as Torrez, whose foreign ownership (30%) today belongs to Homest…
Production planned for Mt. Hamilton
With the recent closing of a $24-million financing, the Mt. Hamilton gold project in eastern Nevada is one step closer to production. Rea Gold (TSE) plans to use the net proceeds ($22.8 million) from …
Exall, Barrick win bid for Mexican play
Joint-venture partners Exall Resources (TSE) and American Barrick Resources (TSE) have acquired El Triunfo, a gold project on the southern tip of the Baja Peninsula. The project, which is contiguous w…
LATIN AMERICAN SPECIAL — Major growth projected for Latin
By the year 2000, the Caribbean and Latin America will provide a market of 600 million persons with purchasing power of US$1 trillion, states a recent issue of CanadaExport. Canadian exports to Latin …
Cypress Amax OKs Refugio
A technical review of the Refugio gold project in Chile is in agreement with the conclusions of the previous feasibility study. The review was carried out by Cypress Amax Minerals (NYSE), the parent o…
Card Lake to make share consolidation
Junior Card Lake Resources (CDN) is set to consolidate its shares and change its name. If shareholders approve the move, 10 shares of the company will be exchanged for one share of Franc-Or Resources….
LATIN AMERICAN SPECIAL — Argentina touted as South America’s
With a new mining law and a geological setting similar to that which hosts most of the major copper and precious metal deposits in northern Chile, Argentina is being touted as South America’s “last mi…
Lac continues work at Red Mountain
The Red Mountain gold-silver project near Stewart, B.C., is the best prospect in Canada for Lac Minerals (TSE), according to Michael Bates of Lac North America. The project was the scene of considerab…
Minera gets prospectus receipt
The Ontario Securities Commission has issued a receipt for a final prospectus of 8 million special warrants of Minera Rayrock (TSE). Proceeds from the sale will be about $20 million, which Minera will…