News

For the first time this century, investors are openly challenging the monetary value of gold. Many have proclaimed that gold is just another commodity, void of any real currency value, and therefore i…

The diamond-staking rush in Alberta and northern Canada continues to draw crowds, as shown by strong attendance at a recent conference here in the oil and gas heartland. The Calgary Mineral Exploratio…

Operations at Noranda’s (TSE) Horne smelter in Rouyn-Noranda, Que., were halted for a few days in early March following an explosion in a concentrate bin that feeds the smelter furnace. The smelter, w…

A respected contributor to geology, mineralogy and mining in Ontario, Jack Satterly died recently in Toronto. He was 86. Following his 32 years with the Ontario Department of Mines (ODM), which ended …

ALUMINUM: MW U.S. market US54-55 cents per lb. (Mar. 4, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CAD…

A shipping season of at least five months is commercially feasible for Coronation Gulf, N.W.T., according to a recent study on Arctic navigation. The study looked at access to and from Coronation Gulf…

Breakwater Resources (TSE) has purchased the equivalent of US$9.2 million in Honduran sovereign debt at a substantial discount to face value. The company says it then exchanged the debt for Honduran c…

A memorandum of understanding on developing ties between the mineral industries of Canada and Mexico was signed in Ottawa recently by officials of the two North American countries. The officials met t…

An agreement to manage and market a Sub-Andean Basins petroleum study has been signed by Petroleum Information Canada and ARPEL, the Latin American State Oil Co. Association for Reciprocal Assistance….

Despite its massive copper potential, Panama’s first major mining operation may be gold. The country’s Cerro Colorado project is a major porphyry copper deposit. It is in the western part of the count…

The only Canadian company operating a mine in Colombia is Greenstone Resources (TSE). In a sense, the Toronto-based company was able to benefit from the negative news flowing from the South American c…

The government of Brazil is expelling 10,000 illegal gold prospectors from a reserve on the Venezuelan border belonging to the Yanomami indigenous people. An official from the National Indigenous Foun…