MSV, workers in tune at Chibougamau operation
The Copper Rand and Portage mines here were officially opened recently under the ownership of MSV Resources (ME) at a ceremony attended by business and government representatives. “This is a big day f…
News
GIS conference
At a recent conference in Ottawa, people from many countries met to discuss geographic information systems (GIS). The fifth annual GIS conference was organized by the federal government. GIS employ co…
Too much rain for Asarco
A first-quarter loss is expected by Asarco (NYSE), resulting from rain-related costs, lower metal prices and a scheduled 30-day maintenance shutdown at the Hayden smelter. Heavy rains and flooding in …
LATIN AMERICA — Lac encouraged by results from Chilean gold
Encouraging results have been reported by Lac Minerals (TSE) from eight additional holes drilled at the Nevada gold project in Chile. Highlights included a 492-ft. intersection grading 0.29 oz. gold p…
Atlantic rocks
Newfoundland, Nova Scotia and New Brunswick have joined forces to present an Atlantic Canada Rock Room at the annual convention of the Prospectors and Developers Association of Canada, this week in To…
METAL PRICES — FREE MARKET (March 29, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 23 Mar. 22 Mar. 19 Mar. 18 Mar. 17 Copper 1467-1468 1463-1464 1459-1460 1479-14…
LATIN AMERICA — Comprehensive support program for mining,
Mexico’s mining and metallurgical sector has been a major source of foreign exchange through trade. In recent years, Mexico has ranked among the top five countries in production of 12 minerals — main…
INSIDER TRADING — Crown insider buys shares at 52-week low
Shares of Crown Resources (TSE) have slid steadily downhill since late last year, when the junior announced plans to withdraw from the Kettle River gold operation in northeastern Washington. In mid-Fe…
Metall amends Minnova offer
An amended proposal to acquire the outstanding shares of Minnova (TSE) has been made by Metall Mining (TSE). Each Minnova share can be exchanged for one Metall share, $4 cash and half of a warrant to …
LATIN AMERICA — Drilling results mixed at Albino concession
Drilling on the Albino concession in Venezuela’s Kilometre 88 district has returned mixed results for joint-venture partners Eurus Resource (VSE) and Crystallex International (VSE). Drilling was focus…
LATIN AMERICA — Sikaman, partners interested in Argentine
Toronto-based Sikaman Gold Resources (TSE) and partners have been granted an exclusive option to explore and develop gold-bearing gravels along a 150-km stretch of the Neuquen River in western Argenti…
LATIN AMERICA — Gold Vessel in Venezuelan deal
An agreement to acquire an interest in a mineral concession in the El Callao district of Venezuela’s Guiana Shield has been negotiated by Gold Vessel Resources (ASE) with private Venezuelan company Pr…