Chile’s Escondida set to produce
About eight months ahead of schedule and under budget, the huge Escondida copper mine in northern Chile is scheduled to enter production in December. Output of refined copper in 1991 is expected to to…
News
Hendrick named `Copper Man of the Year’
The Copper Club of New York recently named Keith Hendrick “Copper Man of the Year.” Currently president of Noranda Minerals, Hendrick is honored for his more than 30 years of service to the mining and…
Montreal Exchange VSM is confident
The latest drilling results from near Quevillon, Que., have project partners VSM Exploration and Serem-Quebec confident they will be able to add to their already impressive preliminary zinc-copper- si…
New Kelore senior management resign
As part of the recent resignations at RFC Resource Finance (TSE), New Kelore Mines (TSE) has also lost its chairman, president and two directors. Chairman Carl Ashenhurst and President Douglas Nichols…
Alban, Noranda plan drill sites at Mitzi
As Noranda (TSE) completes an additional IP survey over the Mitzi gold-copper property, 19 km west of the Mount Milligan project in central British Columbia, joint venture partner Alban Explorations (…
Toronto Stock Exchange Echo Bay issue suffers from market jitters,
When the going gets tough, trigger-happy investors tend to over- react to the slightest hint of bad news. That may explain the US$1.38 drop today, Nov. 21, in the price of Echo Bay Mines shares. The p…
Marshall sees more reserves in Ivory Coast gold project
Marshall Minerals (ASE) says new drill results from a large concession on West Africa’s Ivory Coast have expanded the reserve potential on the project’s largest deposit by about 15%. The latest assays…
Low feed at nickel refinery still haunts Sherritt Gordon
Sherritt Gordon (TSE), the Edmonton-based fertilizer and speciality metals manufacturer, continues to suffer the cost of being unable to fill its nickel refinery in Fort Saskatchewan, Alta. The compan…
Hecla, Agnico confirm previous results from Meadowbank gold bet
Lucky Eagle Mines, jointly owned by Hecla Mining (NYSE) and Agnico-Eagle Mines (TSE), has received encouraging results from a 27-hole program on the Meadowbank property, 60 miles northwest of Baker La…
Westmin slips into the red
Results took a turn for the worse for Westmin Resources (TSE) with the company reporting a loss of $3.2 million for the third quarter ended Sept. 30. This compares to earnings of $1.1 million in the t…
Downturn, soft prices take toll on exploration budgets, staff
Caught in a cycle that repeats itself every few years, dozens of industry geologists — victims of yet another downturn in exploration spending — are packing up their hammers and compasses. Although …
Drilling commenced on Lakewater
Drilling has commenced on the Lakewater property located five kilometres southwest of the Eskay Creek deposit in northwestern British Columbia. The Lakewater property is equally owned by Akiko-Lori Go…