News

Cyprus Climax Metals, a wholly owned subsidiary of Cyprus Amax Minerals (NYSE), has acquired 91.5% of a government-owned company which operates a copper mine in Peru. The 20-year-old Cerro Verde mine …

Recent years have seen a major and continuing transition from state control of production facilities to private ownership. This trend has been visible in both industrial and, especially, developing co…

The British Columbia government is offering up to $10,000 for qualified prospectors to explore for deposits on or off existing claims in the province. Prospectors are given half of their approved fund…

Toronto-listed Consolidated Ramrod Gold is poised to acquire all issued and outstanding shares of San Andreas Resources (VSE). According to an agreement in principle, one common Ramrod share plus one …

Having acquired the central portion of the historic Boludo Goldfields district in Sonora state, USMX (NASDAQ) now controls 17,500 acres in one of the principal placer areas of Mexico. Historic gold pr…

Vangold Resources (VN: VSE) has changed its name to Pacific Vangold Mines (PVM: VSE) on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.

Denver-based Crown Resources (TSE) plans to list its 85.7%-owned subsidiary, Solitario Resources, on the Toronto Stock Exchange. The company filed a preliminary prospectus for an initial public offeri…

Developing countries produced 127.8 million tonnes of crude steel in 1993, up 9% from 1992, the International Iron and Steel Institute reports. It was the first year in which global production in thes…

Toronto-listed Minefinders has optioned from Equinox Resources (TSE) a 51% interest in each of five gold properties in the western U.S. Four properties are in north-central Nevada and encompass 3,800 …

Trading losses of US$200 million on the futures markets were estimated earlier this year by Chile’s Codelco, the world’s largest copper producer. According to reports, a trader on the London Metals Ex…

The new Chilean government is considering restructuring Codelco to make it more responsive to the markets. A proposal calls for the transformation of Codelco into a holding company and the creation of…

Nebex Resources (ASE) is planning more drilling on its Daigle Lake gold property near Yellowknife, N.W.T. It will focus on the MLT zone, which is part of the Shear 20 structure. MLT is 2,000 ft. long …