Southern Peru seeks listing
Peruvian copper producer Southern Peru Copper is going public. The company has filed a registration statement with the Securities and Exchange Commission in Washington, D.C., related to the proposed s…
News
Granges, Cameco exploration initiative
Toronto-listed Granges can acquire a half interest in a 432-claim gold property within the Goldfields mining district of southwestern Nevada. According to a letter of intent signed with a U.S. subsidi…
William resurrects Santa Juana mine
A feasibility study has given the redevelopment nod to the past-producing Santa Juana mine in Durango, Mexico. The mine, owned by William Resources (ME), hosts 2.8 million tonnes averaging 3.6 grams g…
Peace accord should boost Angolan mining
The end of almost 20 years of fighting in Angola should ignite an economic revival in the African country and enable its fledgling mining industry to take flight. The country’s two warring factions me…
MSV increases revenue, earnings
Revenue and earnings were higher, but third-quarter production of 12,439 oz. gold and 3.12 million lb. copper was off slightly from the same period in 1993, MSV Resources (ME) reports. A higher copper…
Sutton resumes Guyana drilling
Drilling is nearing the halfway point of a 40,000-ft., US$1.5 million exploration program for Sutton Resources (VSE) on its Marudi concession in southern Guyana. The drill program is to confirm the re…
Darnley Bay dispute resolved
A dispute has been resolved concerning prospecting permits issued to Darnley Bay Resources by the Department of Indian Affairs and Northern Development (DIAND). A portion of Darnley Bay’s ground lies …
Non-ferrous metal industry set for major turnaround
A study indicates that times can only get better for the non-ferrous metal industry. Resource Strategies Inc. (RSI) of Pennsylvania, in association with Metals and Minerals Research Services of the Un…
Obituary — Sherwin Kelly
A member of the British Columbia and Yukon Chamber of Mines and the first person to be named a “Fellow of the British Columbia Chamber of Commerce,” Sherwin Kelly died recently. He was 99. A native of…
NEWS ROUNDUP — Madsen buys Dona Lake mill
Junior Madsen Gold (TSE) intends to buy the facilities of the Dona Lake mine, near Pickle Lake, Ont. Madsen will pay $820,000 to Dona Lake Gold Mines for the plant, which includes the 500-ton-per-day …
Wrightbar, Charlim get OK for merger
Shareholders of both Wrightbar Mines and Charlim Explorations have approved the merger of the two Montreal-listed companies. Each Wrightbar shareholder will receive one common share of Lithos, the new…
Glimmer Drilling tests Hislop-Beatty
Junior Glimmer Resources (VSE) has released final results from the last hole in a drill program on the Hislop-Beatty property in northeastern Ontario. Hole 142 featured five intercepts, including an u…