CHILEAN REVIEW — Hefty foreign investment
The Chilean mining industry benefited from about US$1.5 billion in foreign investment in 1992, according to the Chile Copper Commission. Projects with major investments included Cominco’s Quebrada Bla…
News
Sudden drop in nickel inventories
The price of nickel has dropped to US$2.54 per lb. (compared with US$2.61 at the end May) following a sudden decrease in London Metal Exchange (LME) inventories to 90,492 tonnes (95,274 at the end of …
CHILEAN REVIEW –Dayton’s Andacollo open to offers
Toronto-listed Dayton Mining continues to search for proposals or offers for its Andacollo project in central Chile. A funding arrangement with a Malaysian group collapsed earlier this year and the co…
Toronto Stock Exchange Indices (June 28, 1993)
— Week — Jun 29 Jun 28 Jun 25 Jun 24 Jun 23 High Low Composite “300” 3935.74 3922.43 3906.94 3903.71 3892.42 3935.74 3881.22 Metals & Minls 2997.82 3000.97 2977.30 2935.19 2919.18 3003.53 2899.89 In…
Princeton plans more work for Rio Lluta copper project
Toronto-listed Princeton Mining is considering joint-venturing a portion of its interest in the Rio Lluta project near Arica in northern Chile. The company drilled 11 rotary holes, intersecting what i…
Collahuasi a blockbuster that keeps on growing
In its annual review, Falconbridge describes the Collahuasi copper project in northern Chile as the biggest exploration story of 1992. The bold statement illustrates just how important Chile has becom…
Quebrada Blanca project on schedule and budget
Earlier this year, the sights and sounds of mine building in Chile were presented vicariously to shareholders attending the annual meetings of associated Toronto-listed companies Teck, Cominco and Com…
Location favorable to Minera’s Ivan copper project
Analyst Electa Aust, of S.G. Warburg Securities’ Bunting Warburg in Toronto, recently visited the Ivan project of Minera Rayrock in Chile and reviewed the exploration program planned by the company fo…
Escondida built on risk-sharing
The Escondida copper mine in Chile started producing copper concentrates in December, 1990, after a two-and-half-year construction period. It was seven months early and US$320 million under budget. Th…
Environmental issues addressed
The Canadian Council for International Business will join Mexican and U.S. business representatives to discuss environmental issues affecting North American industries. The voluntary program promotes …
Chile is leader in copper output
The largest producer and exporter of copper in the world is Chile. In addition to copper, the South American nation’s mineral output includes gold, silver, molybdenum, iron and nitrates. State-owned c…
NEWS ROUNDUP — Trans America options iodine project
Earlier this year, Trans America Industries (VSE) optioned a property near Antofagasta, Chile, hosting reserves of iodine and other industrial minerals. The company then acquired $500,000 from the sal…