Cyprus, Amax merger approved
Shareholders of Cyprus Minerals (NYSE) and Amax (NYSE) have voted in favor of a merger. The new corporation is called Cyprus Amax Minerals Co. It becomes the second-largest copper producer in the U.S….
Shareholders of Cyprus Minerals (NYSE) and Amax (NYSE) have voted in favor of a merger. The new corporation is called Cyprus Amax Minerals Co. It becomes the second-largest copper producer in the U.S….
The exploration unit of Hudson Bay Mining & Smelting (TSE) has optioned a copper property in northern Saskatchewan from Copperquest (CDN). Previous work at the Knife Lake property outlined a zone of m…
Montreal-listed Orex Exploration (ME) has completed a financing agreement which will garner it $400,000. The company, based in Rouyn-Noranda, Que., will issue a million common shares and a million flo…
Four holes have been drilled by Cross Lake Minerals (VSE) on its Sheraton-Timmins polymetallic project near Timmins, Ont. The first two were drilled to test a 1,200-metre-long electromagnetic (EM) con…
Encouraging results are reported from the first 11 holes of a 31-hole delineation program on the Hislop property in northeastern Ontario. Hemlo Gold Mines (TSE), with a 60% interest, is the operator o…
A new exploration company has been created by three Toronto-listed juniors. Muscocho Explorations, McNellen Resources and Flanagan McAdam Resources will transfer their respective interests in the Magi…
Increased production and a higher realized gold price of US$404 per oz. enabled Viceroy Resource (TSE) to post a 92% increase in net earnings for the 6-month period ended Sept. 30, over results achiev…
While working at the Granduc mine at the Portal Camp in British Columbia in the 1960s, I was surrounded by the vast glaciers: Berenden, Frank Mackie, Little Salmon, Chicomen and the Leducs. Upon viewi…
Scientists from the United Kingdom-based research laboratory of Shell have joined forces with Dutch experts to solve the problem of contamination from the site of one of the world’s most efficient zin…
The American Mining Congress (AMC) has filed a lawsuit challenging the failure of the U.S. Environmental Protection Agency (EPA) to review primary and secondary national ambient air quality standards …
An option agreement sets the stage for Diamond Fields Resources (VSE) to become the first Canadian company to acquire mining assets in South Africa since a new constitution was approved in that countr…
Allegheny Mines (ASE) has optioned two gold prospects, thereby adding to its properties near Atikokan, Ont. The Olcott and Eagle properties were optioned for cash payments of $85,000 and $10,000 each …
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