Turnkey contract for acid plant
Two subsidiaries of SNC-Lavalin Inc. of Montreal have signed a lump sum turnkey contract with Compania Minera Disputada de Las Condes SA of Santiago, Chile, for a US$23 million sulphuric acid plant. T…
News
FMC to develop lithium mine
Development of a lithium deposit in Bolivia is planned by FMC (NYSE), subject to ratification of an exploration and development plan by the Bolivian government. FMC estimates a cost to production of b…
Canadian investment in Mexico likely to increase
A research study conducted by management consulting firm A.T. Kearney finds that there is strong potential for increased investment by foreign mining companies in Mexico. The study, sponsored by the M…
PRODUCER PRICES (April 20, 1992)
ALUMINUM: MW U.S. market US60-61 cents per lb. (Apr. 2, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CADMIUM: …
Arimetco acquires stake in Bolivian copper properties
Planning to become the first foreign exporter of cathode copper from Bolivia is Arimetco International (TSE). The company recently acquired an 85% stake in three oxide copper properties hosting five m…
Melinga drilling in Honduras
A contract to drill 150 holes, 30-50 metres each in length, in northwestern Honduras was recently entered into with a Guatemalan company, Melinga Resources (VSE) reports. The program is concentrating …
Copper smelter `bottleneck’ likely to continue
Arizona-based Magma Copper (NYSE) plans to increase its smelter capacity by up to 20% to take advantage of a growing worldwide “smelter bottleneck,” vice-president Bradford Mills told the Toronto Soci…
PROJECT ROUNDUP (April 20, 1992)
A contract to develop the Bajo de la Alumbrera copper-gold porphyry deposit in northwestern Argentina has been negotiated by International Musto Explorations (VSE) with a quasi-government mining compa…
Chile an obvious exploration target
The most most striking aspect of Chile, the worlds leading producer of copper, is its geographical shape. A mere 200 km wide (on average), it extends for more than 5,000 km along the coastline directl…
Costa Rica offers opportunities
Gold and silver have been the most significant metals produced in Costa Rica. Production has been primarily from vein-stockwork deposits hosted by tertiary volcanics and sediments related to a still a…
Mine closures outstrip openings
Mine closures outnumbered openings in Canada by almost 2:1 last year as low metal prices and flat markets battered mineral producers nationwide. According to Energy, Mines and Resources Canada, 33 min…
Kookaburra samples Mayflower zone
Recent sampling in an area immediately south of the Longshot Ridge copper-oxide deposit near Hawthorne, Nev., has outlined an additional zone of copper mineralization, owner Kookaburra Gold (VSE) repo…