Dome, Detour expansions approved
Expansion plans have been approved for the Dome and Detour Lake gold mines in northern Ontario. The Canadian unit of Placer Dome (TSE) plans to spend $150 million to increase production and lower cost…
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U.S. MINING REPORT — La Teko acquires True North ground
By acquiring the True North gold property, La Teko Resources (VSE) is expanding its holdings near Fairbanks, Alaska. The junior is gaining 2,800 acres from Amax Gold Exploration by paying $1.6 million…
U.S. MINING REPORT — Carolina Slate Belt draws attention of
The discovery of a 17-lb. gold nugget in Cabarrus Cty., N.C., in 1799 heralded the first U.S. gold rush. It quickly led to the first thriving gold-mining camp of the Slate Belt and the first in the co…
U.S. MINING REPORT — Potential of Latin America attracts
A growing number of U.S. miners are supplementing their domestic production from operations in at least eight Latin American countries. Chief among these are Chile, Mexico, Bolivia, Peru, Brazil, Guya…
El Abra hits snag
A deal that would have Lac Minerals (TSE) and Cyprus Amax Minerals (NYSE) buy a majority stake in the Chilean El Abra copper deposit has hit a snag. The deal will be delayed pending the resolution of …
Chinese gold demand on the rise
Early signs of market instability and economic overheating have triggered another speculative runup in China’s gold demand, revealed by renewed hoarding of gold jewelry in major Chinese cities. Many r…
ODDS’N’SODS — Mine rescue remembered
In the summer of 1993, I was manning a tourist office in our village when an extremely lame man and his wife came in. After exchanging a few pleasantries, he asked, “Do you know a George Wallace who l…
Hemlo ups earnings and Holloway reserves
Underground tests have confirmed the grade, continuity and minability of the Holloway gold project in northeastern Ontario. Geological reserves of the Lightning zone have risen to 5.2 million tonnes a…
Valdez Gold halted
Trading of Valdez Gold shares has been halted as a result of title disputes on the Diana I, II and Marissa claims in Sonora state, Mexico. To re-establish title, the Alberta-listed company was require…
NEWS ROUNDUP — Conductor at Eagle River South
An electromagnetic survey on the Eagle River South property, near Wawa, Ont., has uncovered a discrete conductor. Noront Resources (VSE) believes the conductor is near recently discovered schistose, s…
Ukraine, China supplying silico-manganese market
Ukraine and China are increasing their share of the Western World’s silico-manganese market. In its study The Costs of Producing Manganese Ferro-alloys, CRU International says the two countries more t…
Acid drainage conference set for April in Pittsburgh
The third international conference on the abatement of acid drainage is scheduled for April 24-29 in Pittsburgh, Pa. More than 1,200 delegates are expected to attend the conference, which will feature…