News

Orleans receives results from wollastonite survey

A marketing survey headed by SNC-Lavalin has confirmed that several parties are interested in high-quality wollastonite from Orleans Resources’ (ME) St. Onge Twp. property near Lac St. Jean, Que. The …


New reserves for Maude Lake Gold at Beatty Twp.

After re-evaluating data at its gold property in Beatty Twp., Ont., Maude Lake Gold Mines (CDN) has calculated new reserve estimates of 813,414 tons averaging 0.24 oz. gold per ton. Ore has been delin…


Contractor signed for Greenstone’s Santa Rosa

A contractor has been hired to carry out open-pit mining at Greenstone Resources’ (TSE) Santa Rosa gold mine in west-central Panama. Brown & Root is moving men and equipment to the site in preparation…



LAST BUT NOT LEAST — Princeton loss mounts

A drop in copper prices and the resulting shutdown of mining operations at its Similco copper mine in British Columbia left Princeton Mining (TSE) with a 1993 loss of $24.8 million on revenues of $47….




COMMENTARY — Communication and weight reduction

Communicating underground in mines is extremely difficult. Rock densities block out conventional radio signals; telephone lines do not reach more than 20% of a mine’s operating area; and because of th…


EDITORIAL PAGE — Babbitt vs. Barrick

In each of the years between 1980 and 1992, the U.S. Department of the Interior had issued, after proper review, between 28 and 94 mineral patents. Strangely, early in March of last year, the flow of …


Mining opportunities in Latin America featured

The mood was bullish at the third annual “Investing in the Americas” conference, which brings together the mining sectors of North, Central and South America. The 5-day show, staged at an ocean-side h…


Lac drops Chilean El Abra project

Lac Minerals (TSE) has opted to discontinue participation with Cyprus-Amax Minerals (NYSE) in development of the Chilean copper project known as El Abra. Based on technical work carried out by Cyprus …


Deak ups reserves as Cyprus drops option

An option agreement between Cyprus Canada and Deak Resources (TSE) concerning three zones — the Kerr Mill, “G” and South — near Virginiatown, Ont., has been terminated. Deak and its subsidiaries wil…


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