Cobre advised to reject Phelps Dodge
Financial advisors to Cobre Mining have recommended that the takeover bid by Phelps Dodge (PD-N) be rejected.A special committee of Cobre board members has rejected the bid on the financial advice of …
Phelps Dodge Corporation
Canyon aims to boost economics of McDonald project with new mine plan
Now that Canyon Resources (CAU-X) has 100% control of the McDonald gold property in Montana, it is updating the economics of the project in light of additional data and a lower gold price.The company …
STOCK MARKETS — Bumpy ride for golds as TSE moves higher — No end in sight to gold-price agony; index loses another 6%
The Toronto Stock Exchange made strong gains during the report period Dec.3-9, led by the banks and media stocks. The TSE 300 index composite index closed at 6,766.99 on Dec. 9, adding 99.53 points, o…
Companies (December 15, 1997)
Adrian ResourcesAGC Americas GoldAgnico Eagle MinesAlto MineralsAmax GoldAmbrex MiningAntares Mining and ExplorationAnvil RangeArmada GoldAtna ResourcesAurizon MinesBand-Ore ResourcesBanro ResourcesBa…
Phelps Dodge bids for Cobre
Its formal bid now on the table, copper colossus Phelps Dodge (PD-N) is waging a public campaign for control of up-and-coming producer Cobre Mining (CBU-T).Early in November, Phelps Dodge caught Albuq…
EXPLORATION ROUNDUP — AMT plans Copper Creek development
San Manuel, Ariz. — AMT International Mining (AAI-T) has fulfilled its obligation to earn a half interest in the Copper Creek project of Broken Hill Proprietary (BHP-N) and is waiting for the Austral…
EXPLORATION ROUNDUP — Cyprus benefits from Zambian privatization
Ongoing drilling has enabled Cyprus Amax Minerals (CYM-N) to outline a preliminary resource for the Kansanshi copper deposit in Zambia.The project — the first to have been awarded to a Western mining…
LATIN AMERICA — Phelps Dodge bids adis to Peruvian play
Phoenix, Ariz.-based Phelps Dodge (PD-N) has pulled out of the Cerro Lindo copper-zinc project in Peru.The company gave no reason for its withdrawal..Situated near the southern department of Arequipa,…
LATIN AMERICA — Phelps Dodge joins forces with Corner Bay at Cerro Verde
Partners Corner Bay Minerals (BAY-T) and Phelps Dodge (PD-N) are forming a joint-venture company to explore the Cerro Verde property in Mexico’s Sonora state. Their objective is to outline a bulk-tonn…
EDITORIAL — Investors place premium on growth in mining — Busang slows merger mania
The top brass of the major brokerage firms love them; lawyers love them; and so do accountants. Most important of all, investors love them, forgetting, as many do, that if two plus two can equal five,…
Grayd Resource drills Dry Creek deposit
At the Dry Creek massive sulphide property, 55 miles southeast of Fairbanks, Alaska, Grayd Resource (GYD-V) is busy with a $1.5-Million program of exploration.The company is targeting the Red Mountain…
Phelps Dodge records profit for quarter
With increased earnings per share resulting from an extended share buy-back program, Phelps Dodge (PD-N) reported a profit for the second quarter of 1997.The major earned US$134.8 million (or US$2.16 …