Producer Prices (April 11, 1994)
ALUMINUM: MW U.S. market US62.75-63.75 cents per lb. (Mar. 24, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
News
Espalau, Bachelor Lake directors OK merger
Amalgamation of Espalau Mining (ME) and Bachelor Lake Gold Mines (ME) has been approved by corporate directors. They also approved the issuance of Espalau shares to Bachelor shareholders in the ratio …
Miners call B.C. budget `step in right direction’
The British Columbia government has unveiled a $100-million, 5-year program to stimulate mineral exploration and enhance the mining industry’s ability to compete internationally. Gary Livingstone, pre…
Blue Falcon inks Zimbabwean deal
Privately owned Blue Falcon Mines has signed a deal with Development Trust of Zimbabwe whereby it can earn a 49% interest in 1 to 2 million acres of mineral lands held by the Trust. Blue Falcon Presid…
Tiomin produces synthetic rutile
Synthetic rutile has been produced in bench-scale tests on ilmenite concentrates collected from the Natashquan heavy mineral sands property on Quebec’s north shore. Tiomin Resources (ME) developed the…
Cyprus acquires Cerro Verde mine
Cyprus Climax Metals, a wholly owned subsidiary of Cyprus Amax Minerals (NYSE), has acquired 91.5% of a government-owned company which operates a copper mine in Peru. The 20-year-old Cerro Verde mine …
LATIN AMERICAN SPECIAL — Guyana, Suriname, French Guiana —
The current interest in South America’s gold potential owes much to the pioneering activities of Golden Star Resources (TSE) at at time when foreign projects were usually discounted by investment anal…
Wheaton reports income for 1993
Toronto-listed Wheaton River Minerals has reported a consolidated net income of $1.8 million or 17 cents a share for 1993, compared with a loss of $520,000 or 7 cents a share in 1992. Almost $1 millio…
LATIN AMERICAN SPECIAL — Free-trade pacts popular throughout
Free-trade agreements are catching on across Latin America. Mexico, Colombia and Venezuela have been negotiating a trading zone which, once in place, could attract new members such as Peru, Bolivia an…
LATIN AMERICAN SPECIAL — Colombia attracts Canadian miners
Long known as one of the world’s leading emerald producers, Colombia is now emerging as a location for renewed gold exploration. This is due to two factors: one is that little of the country has been …
Green light for Eskay Creek
The British Columbia government has awarded a mine development certificate to Prime Resources Group (TSE) for its Eskay Creek gold project 80 air-km north of Stewart. The project was given a full tech…
South Australia invites exploration
An increase in exploration in South Australia has prompted that state’s government to commit funds for a further work program. About A$1 million of the A$5-million program will finance airborne geophy…