News


Zinc mine capacity too high

Zinc mine capacity has risen so high that a “structural” surplus now exists, according to Metals and Minerals Research Services (MMRS). The English firm goes on to say that the market will regain its …


Drilling under way at Jones Hill

Partners Aur Resources (TSE), Thunderwood Resources (TSE) and Champion Resources (VSE) have begun drilling the Jones Hill volcanogenic massive sulphide deposit near Albuquerque, N.M. Nearly 7,000 ft. …


Quebrada Blanca project on schedule and budget

Earlier this year, the sights and sounds of mine building in Chile were presented vicariously to shareholders attending the annual meetings of associated Toronto-listed companies Teck, Cominco and Com…




Option holders cash in on gold rally

The recent gold rally has enabled directors and officers of precious metal producers to profit handsomely on their options. According to the Ontario Securities Commission’s OSC Bulletin, recent inside…


Escondida built on risk-sharing

The Escondida copper mine in Chile started producing copper concentrates in December, 1990, after a two-and-half-year construction period. It was seven months early and US$320 million under budget. Th…


Environmental issues addressed

The Canadian Council for International Business will join Mexican and U.S. business representatives to discuss environmental issues affecting North American industries. The voluntary program promotes …


CHILEAN REVIEW — Hefty foreign investment

The Chilean mining industry benefited from about US$1.5 billion in foreign investment in 1992, according to the Chile Copper Commission. Projects with major investments included Cominco’s Quebrada Bla…


Sudden drop in nickel inventories

The price of nickel has dropped to US$2.54 per lb. (compared with US$2.61 at the end May) following a sudden decrease in London Metal Exchange (LME) inventories to 90,492 tonnes (95,274 at the end of …


Metal Prices (June 28, 1993)

FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne)…


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