So far this year, those metal sectors that themselves consume metals seem to have excaped the problems affecting the stock and bond areas. Companies in the steel, alloys and stainless sectors are all …
Trading losses of US$200 million on the futures markets were estimated earlier this year by Chile’s Codelco, the world’s largest copper producer. According to reports, a trader on the London Metals Ex…
The new Chilean government is considering restructuring Codelco to make it more responsive to the markets. A proposal calls for the transformation of Codelco into a holding company and the creation of…
Nebex Resources (ASE) is planning more drilling on its Daigle Lake gold property near Yellowknife, N.W.T. It will focus on the MLT zone, which is part of the Shear 20 structure. MLT is 2,000 ft. long …
A feasibility study by Westmin Resources (TSE) will evaluate the viability of mining the Porcher Island gold deposit near Prince Rupert, B.C. Westmin can earn a half interest in the former producer fr…
Alberta-listed Belore Mines is acquiring a numbered Nova Scotian company which owns 149 claims in the South Brookfield gold district of the maritime province. Belore will issue 400,000 shares and 200,…
North America’s largest producer of natural graphite, Stratmin (ME), has reported a 6% increase in sales. The company sold $12 million worth of graphite in 1993, compared with $11.3 million in 1992. M…
Compania Minera San Jose, a wholly owned subsidiary of Lac Minerals (TSE), is paying US$22 million for a 33.3% equity interest in Refimet S.A., a Santiago-based company which owns and operates a coppe…
Toronto-listed Consolidated Ramrod Gold is poised to acquire all issued and outstanding shares of San Andreas Resources (VSE). According to an agreement in principle, one common Ramrod share plus one …
Denver-based Crown Resources (TSE) plans to list its 85.7%-owned subsidiary, Solitario Resources, on the Toronto Stock Exchange. The company filed a preliminary prospectus for an initial public offeri…
Developing countries produced 127.8 million tonnes of crude steel in 1993, up 9% from 1992, the International Iron and Steel Institute reports. It was the first year in which global production in thes…
Producer Rio Algom (TSE) generated revenue of $22.1 million in 1993 from the combined disposition of its interests in El Condor Resources (VSE), St. Philips Resources (VSE) and two other portfolio inv…
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