Martin speaking at Toronto ’94
Federal Finance Minister Paul Martin will address a May 4 joint luncheon during the Toronto ’94 mining show. The luncheon will be part of the Minerals Outlook Conference, a 1-day event sponsored by th…
News
LAST BUT NOT LEAST — Bre-X hits gold in Indonesia
A drill hole on Bre-X Minerals’ (ASE) Busang prospect in East Kalimantan, Indonesia, has intersected gold mineralization. BRH-4A, the first hole in a program of 10, returned 4 grams gold per tonne ove…
LATIN AMERICAN SPECIAL — Brazilian diamonds draw foreign
Diamonds appear to be the primary attraction in Brazil. KWG Resources (ME) is producing diamonds from its Charneca property in the east. Previous estimates put the grade of the alluvial deposit in the…
North American diamond hunt puts De Beers in spotlight
The increase in diamond exploration in North America and the advanced stage of several projects in Canada’s North have triggered interest in De Beers Consolidated Mines and its marketing arm, the Cent…
LETTERS TO THE EDITOR — Cartoon not in good taste
We wish to convey our disappointment with the March 7, 1994, editorial page cartoon. As we view it, your newspaper, to which we subscribe, is trying to make fun of someone who has difficulty with the …
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. …
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…