Positive preliminary study for Petaquilla
— A preliminary feasibility study by Kilborn Engineering Pacific recommends the Petaquilla and Botija copper-gold deposits proceed to the final feasibility stage. Adrian Resources (TSE), which can ea…
News
Lac management accepts Barrick offer
In a move that took many investors by surprise, American Barrick Resources (TSE) announced it had signed an agreement with takeover target Lac Minerals (TSE) to acquire all outstanding shares of the l…
First mining co-op students
The first mining co-op students recently received their diplomas as mining engineering technicians from the Haileybury School of Mines at Haileybury, Ont. A co-op system allows students to alternate a…
PEOPLE — ATHLONE RES.
Paul Reynolds appointed director and president.
Nymex plans new trading centre
The New York Mercantile Exchange (Nymex) plans to build a new headquarters and trading floor in Manhattan’s Battery Park City. The commodity futures and options exchange grew recently when the Commodi…
LATIN AMERICA ROUNDUP — Mexico’s PRI returns to power
The Institutional Revolutionary Party (PRI) again claimed victory in national elections this month in Mexico. PRI candidate Ernesto Zedillo was estimated to have captured about 48% of the vote. He wil…
Newmont studies Indonesian project
The contract for the first-phase optimization study of Newmont Gold’s (NYSE) Batu Hijau copper-gold project in Indonesia was awarded to Flour Daniel. The study will determine the best way to develop, …
METALS COMMENTARY — Markets feeling supply pressure
In many jurisdictions, governments are continuing to interfere in commercial trade activities. And while the consequences are not expected to be serious in the long term, metal prices will likely be a…
COMMENTARY — Rising copper consumption
Western world refined copper consumption rose 2% to 10.2 million tons in 1993, the eighth consecutive year of record consumption. In the past three years, we have come through a major Western World re…
Archer Cathro plan spurs controversy
Mineral exploration plans in the Killerman Lakes region of south Yukon have been delayed by concerns about their impact on caribou and other wildlife. But Doug Eaton, exploration project manager with …
NEWS ROUNDUP — Hardrock property portfolio grows
Affiliated companies Hardrock Extension (TSE), Geraldton Longlac (CDN) and Ferau Resources (CDN) have entered into agreements whereby Geraldton and Ferau will vend their interests in mining claims to …
USMX expands Alaskan property deal
A letter of agreement with North Pacific Mining, an Alaskan native corporation, gives USMX (NASDAQ) the right to further explore and develop the Illinois Creek gold-silver property in the interior of …