Newmont studies Indonesian project
The contract for the first-phase optimization study of Newmont Gold’s (NYSE) Batu Hijau copper-gold project in Indonesia was awarded to Flour Daniel. The study will determine the best way to develop, …
News
METALS COMMENTARY — Markets feeling supply pressure
In many jurisdictions, governments are continuing to interfere in commercial trade activities. And while the consequences are not expected to be serious in the long term, metal prices will likely be a…
Crew acquiring tin operation
Control of the owner of the last producing tin mine in Cornwall, England, is passing to Crew Natural Resources (VSE). To acquire a 60% interest in South Crofty, Crew participated in a share offering b…
British Columbia awards grants
Forty-six companies in British Columbia will receive grants totaling $2.2 million from the province’s Mineral Exploration Incentive Program (MEIP). Applications for 201 projects were received during t…
Nuinsco makes rights offering
A rights offering has been made to Nuinsco Resources (TSE) shareholders residing in Ontario, Quebec, British Columbia and Alberta. Deak International Resources Holdings, which holds 8.4 million Nuinsc…
Noranda testing recovery plant for magnesium
Further testing of a process to recover magnesium from asbestos tailings in the Thetford Mines area of Quebec will be pursued by Noranda Minerals. Construction of a $25-million pilot plant will start …
PEOPLE — ATHLONE RES.
Paul Reynolds appointed director and president.
PEOPLE — FARALLON RES. (August 29, 1994)
Robert Hunter appointed director and chairman; Ronald Thiessen and Jeffrey Mason appointed directors.
Gold Funds (August 29, 1994)
BGR Central Net Value $17.10 $6.66 Price $15.63 $7.125 Premium 7.0% Discount 8.65% Value $138,967,000 $128,957,513…
Paredones results encourage Echo Bay
Drill results from the Paredones Amarillos gold property in Baja California Sur, Mexico, are proving encouraging for Baja Gold (TSE) and Echo Bay Mines (TSE). The latter can earn a 51% interest in the…
Metal Prices — London Metal Exchange (August 29, 1994)
Spot closing prices in $US per tonne Date August 23 August 22 August 19 August 18 August 17 Copper 2370-2371 2374.5-2375.5 2391-2392 2411-2412 2399.5-2401.5 Lead 565.5-566.5 564-565 563-565 574.5-575….
Trillion drilling Zimbabwe deposit
A 50,000-ft. drill program has begun at Trillion Resources’ (TSE) 50%-owned Jena Mines complex in Zimbabwe. The objective is to develop new gold reserves on strike with the currently producing Stump, …