MINING IN CHILE — Zaldivar project on schedule
Construction of the Zaldivar copper deposit in northern Chile is expected to be completed in the second half of 1995. Partners Placer Dome (TSE) and Outokumpu Copper Resources project the capital cost…
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MINING IN CHILE — Project opportunities draw Canadian
The lure of large-tonnage, bulk-minable gold and porphyry copper deposits has a large number of Canadian juniors seeking opportunities in Chile. Lacking the financial resources of their major-sized co…
MINING IN CHILE — Codelco probe continues
Criminal investigations continued this month into the huge losses, made mainly on the London Metals Exchange, by state-owned Chilean mining company Codelco. The losses of more than US$200 million in f…
Repadre hopes for rewards
Shareholders at Repadre Capital’s (TSE) annual meeting learned that their company could reap big rewards from diamond discoveries by Aber Resources (TSE) in the Northwest Territories. Repadre owns a 1…
MINING IN CHILE — Phelps Dodge on track at La Candelaria
Development of La Candelaria, a copper-gold mine in northern Chile, remains on schedule for startup in 1995. Phelps Dodge (NYSE) discovered the deposit in 1987 and subsequently sold a 20% working inte…
TORONTO STOCK EXCHANGE INDICES (June 27, 1994)
Composite “300” 4047.55 4088.45 4156.78 4163.45 4166.27 4609.93 3518.31 Metals & Minerals 3620.57 3654.17 3740.52 3724.44 3738.37 3879.59 3273.56 Integrated Mines 3829.68 3852.50 3955.20 3929.55 3955….
MINING IN CHILE — Quebrada Blanca ready to produce
An open-pit copper mine starting up in Chile’s Atacama Desert is about to become the world’s largest solvent extraction-electrowinning operation. Once full production is achieved, Quebrada Blanca is t…
MINING IN CHILE — Arizona Star tests new zone
The discovery of a new gold zone has sharpened the focus of Arizona Star’s (VSE) activities in Chile’s Maricunga district. The company plans further work for the Eva zone, discovered as a result of a …
CanTung assets eyed by suitors
Several mining groups are carrying out due diligence reviews of the assets of Canada Tungsten (TSE), and in particular the company’s advanced copper project near Andacollo, Chile. The company’s larges…
MINING IN CHILE — Cyprus budgets US$1 billion for
An investment of US$1 billion is planned by Cyprus Amax Minerals (NYSE) for mine development of Chile’s El Abra copper project. Chilean state mining company Codelco recently accepted Cyprus’ revamped …
STOCK MARKETS — Gold shines as TSE continues to slide
A 67-basis-point rise in the bank rate, coupled with continuing weakness in the Canadian dollar and selloffs in the global bond market, has driven the TSE 300 index to its lowest level in eight months…
MINING IN CHILE — Gold exploration spending drops
Spending on gold exploration in the U.S. dropped US$6 million in 1993 as mining companies continued to devote more of their budgets to searching for deposits in Latin America and other countries, says…