Freeport ups reserves at Grasberg
Freeport-McMoRan Copper & Gold (FCX-N) has boosted proven and probable reserves by 12% at its Grasberg copper-gold mine in Irian Jaya, Indonesia.The figure now stands at 2.48 billion tonnes grading 1….
News
Triex eyes Sioux Lookout
Vancouver-based Triex Resources (TIE-V) has expanded its land holdings in the Sioux Lookout region of northwestern Ontario.The junior will buy six patented mining claims within the property boundary o…
Greystar revs up Angostura drills
Junior Greystar Resources (GSL-T) has resumed drilling at its Angostura gold-silver project in northeastern Colombia.The 1999 campaign will include 60 infill and reconnaissance holes totalling 20,000 …
NEWS ROUNDUP — Twin Gold executes lease for Atlanta
By executing a mining lease and option agreement, Toronto-based Twin Gold (TWG-T) has slashed a net smelter return royalty to 0.5% from 5% at its 80%-held Atlanta gold mine project in Idaho.Twin Gold …
Auspex, Vestor finance feasibility at Aljustrel
Auspex Minerals (APJ-V) and partner International Vestor Resources (IVS-V) have raised up to US$5 million to finance an ongoing feasibility study of the Aljustrel base metal project in Portugal.Resour…
COMMENTARY — Quebec’s year ahead
The current uncertainty in Asian markets makes it unlikely there will be a significant increase in metal prices in 1999. Only from the year 2000 on can we expect to see a recovery; indeed, the value o…
Companies (March 01, 1999)
Aber ResourcesAfriOreAlberta EnergyAltai ResourcesAmgoldAnglo AmericanAnglogoldArgentina GoldArizona Star ResourceAscot ResourcesAshanti GoldfieldsAshton Mining Of CanadaAshton MiningAtna ResourcesAur…
NEWS ROUNDUP — Altai options project to Barrick
Toronto-based Altai Resources (ATI-T) has optioned its Rodeo gold project in Peru’s Ancash province to a unit of Barrick Gold (ABX-T).The companies agreed to hold the property in a joint-stock company…
Aur to fund feasibility at Tiomin’s Kwale project
The relationship between mid-tier copper producer Aur Resources (AUR-T) and junior Tiomin Resources (TIO-T) has been cemented by Aur’s financing of a feasibility study on Tiomin’s Kwale titanium-sands…
ODDS ‘N’ SODS — The last laugh
The Quebec Ministry of Mines used to publish lists of claims that were about to expire. These were studied by stakers like myself, since one never knew when some hot property was going to come open. P…
PEOPLE — Cons. Tako
Victoria Chen appointed director.
WESTERN MARKETS — Investors hunt for takeover targets
The Vancouver Stock Exchange composite index lost 1.56 points to close the report period ended Feb. 23 at 407.22. The mining index dropped 2.23 points, finishing at 289.46. Meanwhile, the combined val…