Magma expands with purchase of Peruvian mine
Arizona-based Magma Copper (NYSE) has outbid six international competitors for control of newly privatized Empresa Minera Especial Tintaya, Peru’s second-largest copper producer. Magma paid the Peruvi…
News
NEWS ROUNDUP — Tako options JAG property
Vancouver-listed Tako Resources can earn a half interest in the Malartic Twp. gold property in northwestern Quebec. The property, which is owned by JAG Mines (ME), covers an 11,000-ft. strike length o…
NEWS ROUNDUP — Garde, Diabior find gold zone
Chip samples from a 30 sq.-mile property in the James Bay Lowlands of Quebec have led to the discovery of a gold-bearing zone. The discovery was made as Montreal-listed partners Garde Societe d’Explor…
EDITORIAL PAGEA — One step forward, two back
Several years ago, Venezuela took steps to revitalize its near-dormant mining sector by adopting a more favorable tax structure and promising to reform its mining laws. Optimism was high that the coun…
Conference focuses on global opportunities
In the aftermath of the Cold War and the subsequent collapse of the Soviet Union, countries have to earn their way on to the world stage. As a consequence, many emerging nations are bringing in new mi…
Channel drilling program under way in Burkina Faso
Reverse-circulation drilling is under way on the Bombore and Somita properties in Burkina Faso, West Africa. The work consists of 150 holes over 15,000 metres. The concessions are two of four held in …
ODDS’N’SODS — LHDs a big improvement on hand-mucking of
It is a good thing that mechanization has arrived in mines, as I don’t know where we would find people to muck out by hand today. The comparison of the use of the load-haul-dump machine versus mucking…
Copper recovery method studied
The Bureau of Mines in the U.S. is experimenting with a new in situ method of mining oxide copper from small, low-grade deposits. Advantages over conventional open-pit and underground methods include …
MINING IN MEXICO — Golden News drill program set for San
An initial drilling program of 15,000 ft. was planned by Golden News Resources (TSE) for its San Antonio gold property in Sonora state. Field work has identified two major east-west-trending structura…
Eden Roc into sulphides; gold reserves on increase
Gold reserves at the 68%-owned Afema property of Eden Roc Minerals (TSE) in Ivory Coast have increased to 1.4 million oz. from 804,000 as a result of recent drilling. Currently, deep drilling is being…
MINING IN MEXICO — The ore deposits of the Sierra Madre
The Mexican epithermal precious metal province coincides with the Sierra Madre Occidental that covers western Mexico from the state of Sonora, just below the border with the U.S., south to the Neovolc…
MINING IN MEXICO — Asarco completes Grupo deal
Base metal producer Asarco (NYSE) recently completed its transaction with Grupo Industrial Minera Mexico (Gimmex), combining Mexico Desarrollo Industrial Minero (Medimsa) into a new public company kno…