Five European shareholders of Imperial Metals (TSE) have filed notices of their intention to sell up to a total of 20 million shares of the company. The holding represents 38% of Imperial’s 52 million…
To finance further exploration in the Philippines, TVI Copper (ASE) hopes to raise $6.4 million from two separate private placements. In the first financing, 4.5 million shares will be issued at $1.10…
TSE-listed San Andreas Resources and some of its shareholders have filed a lawsuit against Consolidated Ramrod Gold (TSE). The litigation concerns an agreement in March whereby Ramrod was to acquire a…
Western companies have recently expressed interest in Russia’s mineral resources and mining industry — interest which is justified in view of the tremendous resource capabilities of that country. Jus…
A new gold-bearing structure has been drilled by Hemlo Gold Mines (TSE) on the Lepine property in northwestern Quebec. The property is under option from Radisson Mining (ME). Gold is hosted within a m…
Highland Valley Copper posted sales of $274.3 million for 1993, down from $373.9 million reported for 1992. The decrease is mainly due to lower copper prices. The open pit, near Logan Lake, B.C., prod…
Resources giant Noranda (TSE) is hoping to raise US$300 million through a 10-year debenture offering. Proceeds from the 818% debentures (to mature June 15, 2004) will be used, in part, to buy addition…
Drilling by Teck (TSE) will test extensions of known copper mineralization, as well as new targets, on the Rainbow claim group optioned from Getchell Resources (VSE). The major can earn a 70% interest…
Gold-producer Echo Bay Mines (TSE) can earn a half interest in the Ghanaian properties of International Gold Resources (TSE), excluding the Bibiani project area. IGR has six concessions totaling 200 s…
The international exploration division of BHP Minerals has started drilling the Agua Rica copper-gold project, owned by American Resource (NASDAQ) and situated in northern Argentina. The program follo…
Construction of the Mt. Hamilton gold project in eastern Nevada is now under way and owner Rea Gold (TSE) expects to be in production by the fourth quarter. Yearly production at the planned open-pit, …
The Quebec Mining Association will be involved in the production of eight half-hour television shows about mining in Quebec and Canada. The series will be shown on Radio-Canada this summer and on Radi…
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