Barrick opts for Peruvian project
Having scoured Latin America and Southeast Asia, American Barrick (TSE) has taken its first major step outside North America by buying a piece of a Peruvian project. The company has committed US$20 mi…
News
Copper mines staging comeback in British Columbia
Several shutdown copper mines in British Columbia will re-enter production this year, largely because their economics have been improved by higher copper prices and a weaker Canadian dollar. The reope…
Feasibility study for Bolivian project
By late August, results are expected from a preliminary feasibility study of the Amayapampa and Capa Circa gold properties in Bolivia. Da Capo Resources (VSE) retained Kilborn Engineering to calculate…
EDITORIAL PAGE — Stay tuned
The week has been full of surprises in the bidding war over Lac Minerals. Just as the precocious upstart, Royal Oak Mines, which originally put the Lac ball into play, seemed to be winning over frustr…
Denison plans restructuring
As a first step toward restructuring, Denison Mines has reached an agreement with the federal and Ontario governments, corporate lenders, the Canadian Mortgage and Housing Corp. (CMHC) and the Ontario…
Sutton drilling in Tanzania
Tribal conflict in Rwanda is not affecting the pace of work on the Kabanga and Kagera projects in neighboring Tanzania, reports Sutton Resources (TSE). Partner BHP Minerals is carrying out a US$4-mill…
NEWS ROUNDUP — Canmine drilling continues
Three holes, drilled on 100-metre centers, have been completed on Canmine Resources’ (ASE) Fer base metal property in northern Manitoba. A fourth, 100-metre stepout hole is under way. The three holes …
NEWS ROUNDUP — High River Gold raising $10-m
Toronto-listed High River Gold Mines is selling 4.2 million special warrants at $2.40 each to raise $10 million. The underwriters have an option to acquire another 840,000 special warrants at the same…
NEWS ROUNDUP — Echo Bay in Bolivian venture
Echo Bay Mines (TSE) will finance exploration of an extensively mineralized district in Bolivia where several gold occurrences were recently identified. The major can earn a 51% interest in the Altipl…
ODDS’N’SODS — Conditioning comes in handy
Late on a December evening in 1946, while I was deeply involved in study in the basement of our house, I received a phone call from H.L. Batten, managing director of Canadian Exploration Ltd. Batten a…
Boart amalgamates Canadian holdings
South African-based Boart International has amalgamated three Canadian companies: Boart Canada, Longyear Canada and N. Morrissette. Boart Canada, with head offices in Mississauga and Lively, Ont., ser…
LETTERS TO THE EDITOR — Requiem for a mining legend
Recently, I had to say goodbye to a good friend whose untimely death shocked everyone who knew him. He was a true entrepreneur who had the courage and foresight to expand his business during recession…