News

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…

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…

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 …

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. …

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…

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….

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…

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 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…

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…

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…

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. …