Commodity index eases slightly
The commodity price index of Scotiabank dipped slightly in June from the previous month. A pickup in the metal and mineral and oil and gas sub-indexes was offset by a decline in the forest product ind…
News
Radisson options O’Brien
A deal has been signed whereby Radisson Mining Resources (ME) can earn a 50% interest in Breakwater Resources’ (TSE) O’Brien gold property in Cadillac Twp., Que. Between 1925 and 1956, the mine produc…
AMERICAS — Expansion in works at Kori Kollo
A 2-phase, US$30-million expansion program of Inti Raymi, the 88% owned subsidiary of Battle Mountain Gold (NYSE), is under way at the Kori Kollo gold mine in Bolivia. The company reported recently th…
AMERICAS — Developing world seeks private funding for new
In the 1990s, infrastructure investment in the developing world is projected to exceed US$200 billion annually, almost one-third of total expected fixed investment. In Argentina, the power, telecommun…
AMERICAS — International challenges for Canadian
The problem with bioleaching of refractory gold ores is that it only works in the Southern Hemisphere — or such is the opinion of a good many Canadian metallurgists who were key to the bioleaching re…
AMERICAS — Bolivia courts foreign mining investment
As increasing numbers of companies join the exodus to South America, opportunities to obtain properties with high mineral potential are decreasing quickly. This development is particularly true of cou…
AMERICAS — SNC-Lavalin buys interest in ByR
Montreal-based SNC-Lavalin recently signed a purchase agreement for 50% of the ByR Ingenieria y Construccion S.A. of Santiago, Chile. ByR is an engineering-construction company with expertise in minin…
Refugio funding finally in hand
Financing for the Refugio gold project in Chile is finally in hand for joint owners Bema Gold (TSE) and Amax Gold (NYSE). Bema has been looking for financing to develop Refugio since early 1991, with …
TSE INDICES (August 15, 1994)
— 1994 — Aug 9 Aug 8 Aug 5 Aug 4 Aug 3 High Low Composite”300″ 4186.82 4175.36 4168.54 4202.09 4206.05 4609.93 3518.31 Metals&Minerals 3902.51 3892.36 3922.46 3982.58 3985.31 3996.08 3273.56 Integra…
New Newmont mine set for Indonesia
Construction of a new gold mine on the Indonesian island of Sulawesi has been approved by joint-venture partners Newmont Gold (NYSE) and P.T. Tanjung Searpung of Jakarta. The US$131-million project wi…
Two Yukon mining groups back Bonnet Plume work
Two territorial mining organizations hope to intervene in a court challenge to existing federal mining regulations. The Canadian Parks and Wilderness Society (CPAWS) is challenging the legality of the…
Camnor drilling provides encouragement at Willoughby
Drilling by Camnor Resources (VSE) is off to a promising start at the Willoughby gold property 26 km east of Stewart, in northwestern British Columbia. The first hole of this year’s program intersecte…