Philippines lowers taxes on minerals
Philippine President Fidel Ramos recently signed a law reducing taxes on minerals, which he described as a rescue package that would attract foreign investors to his country’s ailing mining industry. …
Articles by Northern Miner Staff
MINING IN CHILE — Guanaco mine overcoming startup problems
The Guanaco open-pit mine has been in production for more than a year and 90%-owner Amax Gold (NYSE) is still working the bugs out of the system. Situated 145 miles southeast of Antofagasta, the mine …
MINING IN CHILE — La Coipa mine posts record output
Output at La Coipa, an open-pit gold and silver mine in northern Chile, has continued to expand. Production in 1993 — 8 million grams gold (258,200 oz.) and 413.7 million grams silver (13.3 million o…
MINING IN CHILE — Financing last hurdle for Refugio
Joint-venture partners Bema Gold (TSE) and Amax Gold (NYSE) have resumed negotiations with banking institutions to finance the Refugio gold project in north-central Chile. The capital cost of placing …
MINING IN CHILE — Lac expanding reserves, output at Chilean
Large gold producer Lac Minerals (TSE) is looking to increase both reserves and output at its Chilean holdings. The company’s Lac South America division holds more than 600 square miles in the Andes (…
MINING IN CHILE — Third Escondida expansion to boost output
If the current feasibility study of Escondida is approved, an expansion project will begin which would increase the copper mine’s annual output to more than 700,000 tonnes copper in concentrate. The e…
Inco plans debenture issue
Nickel giant Inco (TSE) is hoping to raise US$150 million through an offering in the U.S. of convertible debentures. The company has filed a preliminary prospectus with the Ontario Securities Commissi…
MINING IN CHILE — Rio Algom plans expansion for Cerro
The Cerro Colorado project has been producing copper since February and, already, owner Rio Algom (TSE) is talking of expanding. For 1994, output is anticipated to be 60 million lb. copper; for 1995, …
MINING IN CHILE — Collahuasi project at feasibility stage
That the Collahuasi copper project in northern Chile will be large is a given, but equally huge is the impact it will have on the three partners involved. For example, the one-sixth interest of Norand…
MINING IN CHILE — S. Amer. Gold and Copper developing
Hoping to become a 100,000-oz.-plus gold producer within the next three years, South American Gold and Copper (SAGC) is busy developing mining projects in Chile. Targeting “non-grassroots” projects wi…
LAST BUT NOT LEAST — Cliff ups stake in Cassiar property
Junior Cliff Resources (TSE) can increase its ownership in the Cassiar joint venture to 50% from 30% Situated in northeastern British Columbia, the former-producing Cassiar mine site consists of build…
Acquisition may be in works for Royal Oak
A new corporate strategy, a new venture into China and, possibly, a new acquisition will serve as building blocks for the growth of Royal Oak Mines (TSE), President Margaret (Peggy) Witte told shareho…