Metallica closes mine purchase
The purchase of a Mexican company provides Metallica Resources (CDN) with exposure to the famous Cerro San Pedro mining district. The Toronto-based junior now holds options to buy 25 concessions, tota…
News
Partners boost Yanacocha stake
Following a court ruling in their favor, Newmont Gold (NYSE) and its Peru-based partner, Buenaventura, will increase their ownership of the Yanacocha gold mine. The move comes after an attempt by Bure…
Cominco, Rio Amarillo test Bolivian silver projects
Partners Cominco Resources International (TSE) and Rio Amarillo (VSE) report that drilling is progressing on their Chachacomiri silver project near Potosi, Bolivia. Two diamond drill holes have been c…
Opawica performs sampling program
In southwestern Ghana, Opawica Explorations (TSE) is carrying out field work on two reconnaissance licences. Soil sampling is under way on the northeastern portion of the 1,500-sq.-km Enchi-Wiawso pro…
Tombstone active in Venezuela
Plans to acquire a copper-gold project in Honduras are not likely to cause Tombstone Exploration (TSE) to shift its focus away from Venezuela. The Vancouver-based junior holds several properties in th…
Fatality reported at Copper Rand
A miner was killed and another injured in an underground explosion involving methane gas at the Copper Rand mine of copper-gold producer MSV Resources (ME) at Chibougamau, Que. Rene Gauthier, 46, died…
Oliver drilling at Fairview
Diamond drilling has outlined a high-grade gold resource at the Fairview property in the southern Okanangan Valley of British Columbia. The 28-hole program, which totalled 12,707 ft., was carried out …
Freeport-McMoRan to divest non-mining assets in Indonesia
As a part of ongoing restructuring, Freeport- McMoRan Copper & Gold (NYSE) is divesting itself of many of its non-mining assets in Indonesia. In doing so, the Reno-based company hopes to be able to co…
INSIDER TRADING — Hemlo Gold senior officers granted stock
Three senior officers of Hemlo Gold Mines (TSE) were granted options in February. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Ian Atkinson was granted 17,500 options …
Placer looks to Central Asia
An agreement with the government of Kazakhstan will see Placer Dome (TSE) branch into Central Asia. Placer, through subsidiary Placer Kazakhstan (PK), signed a binding agreement with the Kazakh govern…
Mining company forms alliance with contractor
An agreement-in-principle sets the stage for a mining company and a contract miner to develop the Peregrino copper-gold project in Chile, as well as other, less advanced projects in that country and P…
Imperial teams with Sumitomo
Development work is being accelerated now that financing is at hand for the Mount Polley copper-gold project in central British Columbia. Imperial Metals (TSE) reached an agreement with Japan-based Su…