Phelps Dodge Corporation

Columbia-Yukon Explorations' vice-president of exploration John Kowalchuk on a drill pad at the Storie molybdenum project, near Cassiar, B.C.

Is a Cassiar Revival in Sight?

SITE VISIT Cassiar, B.C. — For more than 10 years, Cassiar was a ghost town. The northern B.C. town had thrived on an asbestos mine…

Brabant Lake Looks Strong for Manicouagan

Vancouver — The second phase of drilling at Manicouagan Minerals’ (MAM-V, MCOUF-O) Brabant Lake property, in Saskatchewan, is returning strong grades from an old deposit.

Freeport, Phelps Deal Wins Vote

Freeport-McMoRan Copper & Gold (FCX-N) and Phelps Dodge (PD-N) have completed their merger after shareholders voted in favour of the proposed combination of the two companies.

ALISHA HIYATEIberian Minerals chairman and vice-president of exploration, Norm Brewster (left), and Jim Voisin, the company's investor relations officer, stand in front of a mine ramp portal under construction at Aguas Tenidas, in Andalucia. The company, which is aiming for a mid-2008 reopening, expects to employ about 560 workers during the construction stage, and 310 once operations begin in the economically depressed area of Spain.

Iberian to reopen Aguas Tenidas

Seville, Spain — Iberian Minerals (IBZ-V, IZNFF-O) president and CEO Peter Miller was “in the jungles of Venezuela,” where the junior had acquired a number of gold properties, when he was first appro…

PHELPS DODGEUnder new ownership? -- The copper cathode produced at this tankhouse, currently owned by Phelps Dodge, could be heading directly to the bottom line of copper-gold producer Freeport-McMoRan. The deal -- which has been unanimously approved by the boards of both companies and is anticipated to close in the first quarter of 2007 -- would see Freeport dish out almost US$26 billion in cash and stock for Phelps.

Freeport to swallow Phelps

If shareholders give the go-ahead, Freeport-McMoRan Copper & Gold’s (FCX-N) proposed takeover of Phelps Dodge (PD-N) will create the world’s largest publicly traded copper company and the largest …

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