AMERICAS — Expansion in works at Kori Kollo
A 2-phase, US$30-million expansion program of Inti Raymi, the 88% owned subsidiary of Battle Mountain Gold (NYSE), is under way at the Kori Kollo gold mine in Bolivia. The company reported recently th…
News
AMERICAS — Developing world seeks private funding for new
In the 1990s, infrastructure investment in the developing world is projected to exceed US$200 billion annually, almost one-third of total expected fixed investment. In Argentina, the power, telecommun…
AMERICAS — International challenges for Canadian
The problem with bioleaching of refractory gold ores is that it only works in the Southern Hemisphere — or such is the opinion of a good many Canadian metallurgists who were key to the bioleaching re…
Aur to deep-drill Mainstreet
A 2-hole, deep-drill program is under way on Beaufield Consolidated Resources’ (VSE) Mainstreet copper-zinc property in Louvicourt Twp., Que., project operator Aur Resources (TSE) reports. The aim of …
World Wide set to resume drilling
A second phase of drilling is expected to begin shortly on World Wide Minerals’ (TSE) Easter project in Nevada. The new program, designed to increase reserves, is a followup to a 21-hole program carri…
AMERICAS — Ancient mining site uncovered in Chile’s Atacama
Of all the deserts in the world, the Atacama in northern Chile is the most desolate. Little or no measurable precipitation is recorded annually. There are vast stretches where not a single blade of ve…
Global theme to CIM meeting
More than 500 scientists from 30 nations are expected to attend the Aug. 21-25 conference in Toronto hosted by the Metallurgical Society of the Canadian Institute of Mining, Metallurgy and Petroleum. …
Record price for Nymex seat (August 15, 1994)
A New York Mercantile Exchange (Nymex) seat sold recently for a record US$555,000. The futures exchange trades oil and gas and platinum and palladium contracts. Meanwhile, the Commodity Futures Tradin…
DIAMOND PAGE — Sampling program for Nicholas Bay pipe
Partners SouthernEra Resources (TSE), Winspear Resources (VSE) and Adex Mining (TSE) plan to carry out a 2-3 tonne mini-bulk-sampling program on their newly discovered Nicholas Bay diamondiferous kimb…
STOCK MARKETS — Disappointing DO-27 results spur western
Disappointing exploration results out of the Northwest Territories helped spur a continued slide in western markets. The Vancouver Stock Exchange resource index took it on the chin, plunging 121.73 po…
METALS COMMENTARY — Summer doldrums rule metal markets
Despite higher-than-normal stainless mill demand, metal prices remain in their seasonal doldrums with only the rumor mills really active. There is massive speculation about 1994 Russian production lev…
AMERICAS — New Stillwater mill should double output
A new mill is being constructed at the Stillwater mine in Montana, which should double its yearly output of platinum and palladium by 1997. Owned by Stillwater Mining, which was originally a joint ven…