Phelps Dodge picks up Brazilian unit
Taking advantage of the fast growing market in carbon black, Phelps Dodge (PD-N) will acquire a Brazilian carbon black manufacturing business from Luxembourg-based major Minorco (MNRC-Q).The Arizona-b…
News
St Andrew uncovers more gold at Stock mine
Junior St Andrew Goldfields (SAS-T) has discovered three gold prospects near its past-producing Stock gold mine near Matheson, Ont.Each prospect was found while drilling induced-polarization (IP) anom…
BASE METALS — Feasibility gives thumbs-up to Varvarinskoye gold-copper project
With a positive feasibility study now in hand, Kazakhstan Minerals (KMC.U-T) plans to seek financing for its 86%-owned, past-producing Varvarinskoye gold-copper deposit.The study outlined a minable re…
GUEST COLUMN — Facing the future of mining
The author is Canada’s Minister of Natural Resources. He has written this article at the request of Mining Works for Canada, a grassroots campaign designed to increase awareness of the importance of m…
BASE METALS — TVI aims to finance Canatuan project in the Philippines
Low prices for gold and base metals have resulted in a moderate first-quarter loss for TVI Pacific (TVI-T), hampering the company’s efforts to advance the Canatuan project on the southern Philippine i…
Corrections (June 29, 1998)
The 10-oz. Silver Maple Leaf coin recently pressed by the Canadian Mint has a face value of $50 and retails for $199.99. The coin is the largest legal tender coin ever produced in Canada. Incorrect in…
Gitennes defines Rio Suro with underground drilling
Junior Gitennes Exploration (GIT-T) has launched an underground drilling program on the Rio Suro zone at its Virgen property in northern Peru in an attempt to outline a proven reserve to a vertical de…
Falco, NAR drill targets in Zimbabwe — Program defines zone of massive sulphides
Drilling by partners Falconbridge (FL-T) and NAR Resources (NRL-M) at their Maramba project in northeastern Zimbabwe has defined a 4.5-km alteration zone containing significant copper-zinc-silver mass…
MINING MARKETS & INVESTMENT NEWS — Payment deferred
Olympus Pacific Minerals (OYM-V) has inked a deal with Indochina Goldfields (ING-T) to defer, for 12 months, $541,000 of a $641,000 payment due Sept. 11. The payment relates to Olympus Pacific’s acqui…
NEWS ROUNDUP — JNR sizes up Black Lake
Two spectrometers are being used to assess drill results from the Black Lake-Newnham Lake uranium project in Saskatchewan’s Athabasca basin.The project, part of a joint venture between JNR Resources (…
High River hits new gold zone at Taparko
A drill program to test for buried mineralization at the Taparko property in northeastern Burkina Faso has paid off for High River Gold (HRG-T).Thick lateritic cover had previously prevented explorati…
BASE METALS — Drill program in Peru aims for Antamina lookalike
Major companies rarely bother exploring properties unless they see potential for mineral deposits big enough, or rich enough, to make an important contribution to their bottom line. That, in a nutshel…