BHP, Dia Met driving decline on third pipe
Partners BHP Minerals Canada and Dia Met Minerals (TSE) have applied to drive a decline and bulk-sample a third kimberlite pipe at their diamond project near Lac de Gras in the Northwest Territories. …
News
LETTERS TO THE EDITOR — Simon Fraser will be missed
Simon Fraser died recently while riding his horse on his beloved grounds in Scotland. I met Simon for the first time during the second half of the sixties. We were both involved in a fund investing in…
STOCK MARKETS — Stocks, bonds and dollar stage a rebound
North American stock markets finished the week on an upbeat note as investors re-entered the fray in search of bargains. On April 5, the Toronto Stock Exchange 300 index rallied 43.19 points to 4,273….
Spot prices at a glance (April 11, 1994)
Week’s Price (US) Change Gold* $385.10 – $1.65 Silver* $ 5.53 – $0.08 Platinum* $407.75 – $0.25 Nickel** $ 2.49 – $0.05 Lead** $ 0.20 – $0.01 Copper $ 0.85 – $0.02 Zinc $ 0.42 – $0.01 Courtesy of Scot…
LATIN AMERICAN SPECIAL — Barrick drills active — Peru’s
Prospects for the Yanacocha district of northern Peru are looking up on news that American Barrick Resources (TSE) is meeting with drilling success at its Corona project. The property features a large…
Southern Peru raises funding
Southern Peru Copper has raised US$250 million of a US$300-million investment program to expand production and improve environmental protection. The program includes a 41,000-ton-per-year solvent extr…
Latin American Special — Chilean copper, gold projects
With 10-15 new copper projects scheduled to start up by the year 2000 and several major gold projects waiting to be exploited, Chile is one of the most attractive countries for mining investment. Last…
STOCK MARKETS — Western markets unfazed by turmoil on TSE
Stormy weather on major Canadian stock, bond and currency markets had only a limited effect on the Vancouver Stock Exchange composite index, which posted a 1.5% drop to 1,122.38. The resource index, o…
Latin American Special — Las Cristinas sparks interest in
Three years ago, a unit of Placer Dome (TSE) formed a joint venture with Corporacion Venezolana de Guayana (CVG) to evaluate Las Cristinas, a group of properties in Venezuela’s Kilometre 88 district. …
LATIN AMERICAN SPECIAL — Opportunities for business
The Inter-American Development Bank (IDB) of Washington, D.C., approved $6 billion in 1993 for projects in Latin America and the Caribbean. Created in 1959, the bank has approved more than $60 billion…
LATIN AMERICAN SPECIAL — Political, economic reform of Latin
The march toward reform, democratic and economic, continues throughout Latin America. The pace of the reform movement may be uneven — the Brazilian economy appears to be standing on shaky legs and Cu…
NEWS ROUNDUP — Applied Carbon seeks partnership
Graphite-producer Applied Carbon Technology is seeking funding to augment working capital. The Toronto-listed company has enlisted an investment banking firm to identify potential merger and acquisiti…