In a move aimed at cleaning up its balance sheet and financing its overseas projects, TVX Gold (TVX-T) has formed a partnership with Australia’s largest gold producer.The mid-tier producer is selling …
Halfway through a $4.1-million drilling campaign that is testing 30-35 targets on ground shared with Tahera (TAH-T), Kennecott Canada Exploration has made its first kimberlite find.A vertically drille…
Freeport-McMoRan Copper & Gold (FCX-N) has sold its first batch of copper cathode from the Gresik smelter and refinery in Java, Indonesia.The smelter is operated by P.T. Smelting, which is 70%-control…
Asarco (AR-N) has agreed to pay US$5.5 million in environmental penalties without admitting wrongdoing.The company has also committed to spend US$2.2 million for additional cleanup projects at its ope…
Following a $72.3-million writedown on the carrying value of its oil-and-gas assets in Cuba and Italy, Sherritt International ended last year in the red. (After tax, the value of the oil-and-gas write…
Wayne Schigol appointed director.
Gerard Edwards appointed director.
General Minerals (GNM-T) has optioned the Escalones copper-gold project in central Chile to Asarco (AR-N).Subject to due diligence, the major can earn a 60% interest in the project by paying all explo…
I read your editorial “A vicious circle” (T.N.M., March 8-14/98) and must congratulate you on it.Your scenario, I fear, is right on the money in some of the poorer nations. As a caring company that se…
With a major restructuring behind it and several large projects in the pipeline, Noranda (NOR-T) managed to withstand the effects of low metal prices and turn a slight profit in the first quarter.In t…
Junior Valerie Gold Resources (VLG-V), one of the Lang Mining Group of companies, is exploring the formerly producing Estrella property in the western Mexican state of Nayarit, 140 km southeast of Maz…
In our March 15 issue, we incorrectly stated that that certain executives of Kit Resources (KIT-T) had disposed of their options, when in fact they cancelled them.John Zigarlick was actually granted 1…
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