A drill hole on Bre-X Minerals’ (ASE) Busang prospect in East Kalimantan, Indonesia, has intersected gold mineralization. BRH-4A, the first hole in a program of 10, returned 4 grams gold per tonne ove…
At the annual meeting in Toronto, shareholders of Sikaman Gold Resources approved management’s proposal to convert all Series A, B and C preference shares into common shares. A total of 2.4 million pr…
An underwriting commitment from Barclays Bank and Banque Paribas will help Dayton Mining (TSE) bring its Chilean gold project to production. The two banks agreed to lend the company US$50 million, sub…
Producer Rio Algom (TSE) generated revenue of $22.1 million in 1993 from the combined disposition of its interests in El Condor Resources (VSE), St. Philips Resources (VSE) and two other portfolio inv…
London-listed Monarch Resources has filed a preliminary prospectus for shares valued at $US30 million. About US$20 million will be offered to Canadians and the remainder will be offered to existing sh…
The poor price of copper has prompted Crew Natural Resources (VSE) to drop its interest in the Red Dog copper-gold project on northern Vancouver Island. The decison was also influenced by BHP Minerals…
Prospects for the Yanacocha district of northern Peru are looking up on news that American Barrick Resources (TSE) is meeting with drilling success at its Corona project. The property features a large…
With 10-15 new copper projects scheduled to start up by the year 2000 and several major gold projects waiting to be exploited, Chile is one of the most attractive countries for mining investment. Last…
North America’s largest producer of natural graphite, Stratmin (ME), has reported a 6% increase in sales. The company sold $12 million worth of graphite in 1993, compared with $11.3 million in 1992. M…
Diamonds appear to be the primary attraction in Brazil. KWG Resources (ME) is producing diamonds from its Charneca property in the east. Previous estimates put the grade of the alluvial deposit in the…
Southern Peru Copper has raised US$250 million of a US$300-million investment program to expand production and improve environmental protection. The program includes a 41,000-ton-per-year solvent extr…
Larry McLean appointed director.
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