Phelps Dodge boosts bid for Asarco and Cyprus
In a bid to become the world’s largest copper producer, Phelps Dodge (PD-N) has boosted the value of its previously announced offers to acquire Asarco (AR-N) and Cyprus Amax Minerals (CYM-N).
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DIAMONDS — Innovation pays for Namco
Using a proprietary technique, Namibian Minerals (NMR-T) is making a name for itself as a profitable miner of alluvial diamonds off the coast of Namibia.Since early 1998, Namco has cranked out more th…
DIAMONDS — Diamond Fields re-emerges to tackle Namibian diamond assets
Understandably preoccupied with the Voisey’s Bay nickel discovery during the mid-1990s, Diamond Fields International (DFI-T) is now re-devoting itself to diamond exploration off the coast of Namibia i…
DIAMONDS — Mano River seeks African diamonds — Properties also deemed prospective for gold
Both Liberia and Sierra Leone have lived through bloody civil wars in the last decade, and are only now emerging from the strife. Soldiers from other West African countries keep the peace as the sides…
DIAMONDS — Partners find kimberlites on Baffin Island in Canada’s North
At the northern tip of Baffin Island, Mountain Province Mining (MPV-T) and Opus Minerals (OPUS-C) have uncovered a new cluster of kimberlite intrusions.The partners followed several boulder trains to …
DIAMONDS — Ashton expects more discoveries in Alberta
Diamond-hunter Ashton Mining of Canada (ACA-T) is in the midst of an aggressive reconnaissance program at its Buffalo Hills joint-venture properties in northern Alberta.Since 1997, the company has ide…
Meridian starts up El Pe-on in Chile
Reno, Nev.-based Meridian Gold (MDG-N) has begun mining its El Pe-on gold-silver deposit in northern Chile.The 2,000-tonne-per-day operation, constructed in 10 months, will combine open-pit and underg…
DIAMONDS — Nora to boost stake in Namibian venture
A $2-million private placement will enable Nora Exploration (NXI-M) to boost to 60% its interest in the Namibian gemstones concession, the second-largest offshore marine diamond concession in southern…
DIAMOND PAGE — More kimberlite at Marsfontein — Exploration program tests geophysical and geochemical targets
Drilling at the Marsfontein property in South Africa’s Northern Province has intersected kimberlite along two fissure systems that lead from the currently producing M1 pipe.The 6,000-metre percussion …
DIAMONDS — Caledonian seeks licence
Caledonian Pacific Minerals (CDN-V) has applied for exploration licences for 600 sq. km. in the Bingara diamond field of New South Wales, Australia, based on geophysical data compiled by the Departmen…
DIAMONDS — Newcomer picks up Kelsey Lake
London-based Redaurum (rrk-t) has signed an agreement to sell North America’s first diamond mine to McKenzie Bay International (MKBY-O).The company will transfer all the shares of its subsidiary, Diam…
No buyouts at Giant, Pamour
The union locals at the Giant and Pamour gold mines have decided not to pursue employee buyouts of the operations, part of the holdings of failed gold producer Royal Oak Mines.Local 4440 of the United…