Scandinavia experiences exploration boom
Exploration expenditures in Scandinavia reached record levels in 1994, and the trend continued into 1995.According to Scandinavian Mining and Exploration Annual Review 1995, published by Raw Materials…
News
Survey required at Bismillah
A drill permit for the Bismillah 1 claims west of Nain, Labrador, will not be issued until an archaeological survey has been conducted there and the project is approved by the Newfoundland Department …
Drilling begins on claims near Flin Flon, Man.
Consolidated Callinan Flin Flon Mines (VSE) has started exploratory drilling on the Walter polymetallic property near Flin Flon, Man.The company plans to drill up to 10 previously untested targets, de…
Higher copper prices give Gibraltar a boost
Stronger prices for the red metal enabled Gibraltar Mines (TSE) to earn $3.4 million (or 13 cents per share) on revenue of $100 million for 1995.The figure compares with a net loss of $10 million on r…
Bolivar financing will benefit Tomi
A private placement of 4 million special warrants at $1 each will provide Bolivar Goldfields (TSE) with funding for deep drilling and feasibility work on the Tomi gold project in Venezuela.The special…
Drill programs under way at Argentine gold properties
Drilling is under way on the Veladero, Del Carmen, Rio Frio and Poposa projects in San Juan, Argentina.Argentina Gold (VSE), which holds a 60% interest in the Veladero project, reports that geophysica…
Barrick execs turn options into cash
Five senior officers of Barrick Gold (TSE) exercised options and traded shares of the corporation in December 1995 and January 1996.According to the Ontario Securities Commission’s OSC Bulletin, Louis…
BHP and Centurion form JV in Utah
..LCenturion Mines (NASDAQ) has signed a joint-venture agreement with BHP Minerals, a division of BHP (NYSE), for a project in the West Tintic mining district, 70 miles southwest of Salt Lake City, Ut…
Freeport reports big jump in year’s earnings
With higher earnings and increased reserves, Freeport McMoRan Copper & Gold (NYSE) ended 1995 on a positive note.Income from its operations in Irian Jaya, Indonesia, increased 30% for the fourth quart…
Asia Pacific expands Thai potash potential
Reconnaissance exploration north of the Somboon potash field in Thailand indicates the presence of a new deposit for Asia Pacific Resources (TSE).The company reports that three new sylvinite zones hav…
metal prices
FREE MARKETLondon Metal ExchangeSpot closing prices in $US per tonneDateFebruary 27 February 26 February 23 February 22 February 21Copper2530-2532 2535.5-2536.5 2542-2545 2548-2550 2512-2514Lead7…
Mispec picks up Kalimantan prospect
A company jointly owned by Mispec Resources (ME) and its Indonesian partner, P.T. Hunamas Putra Interbuana, has acquired a large property in the Busang North area of Kalimantan, Indonesia.The 14,776-h…