Chile to dominate copper production
Chile could account for 32% of the world’s total copper production by the year 2000, according to a study by the Center for Copper Studies (CESCO) which was published here recently. CESCO predicted th…
News
Southern Peru to invest US$300m
Southern Peru Copper Corp. (SPCC) will proceed with a US$300-million capital investment program after settling a dispute with he Peruvian government over investment recovery contracts. Under the terms…
Montreal Exchange (January 27, 1992)
Resource issues were in favor the week ended Jan. 21, when the mining and minerals index jumped by more than 44 points. The general market portfolio index headed the other way, closing down by almost …
Queenston, Royal Oak intersect new gold zone at Upper Beaver
Partners Royal Oak Mines (TSE) and Queenston Mining (TSE) have intersected a new zone 2,500 ft. north of the old workings on the Upper Beaver mine property near Kirkland Lake, Ont. Results from hole B…
Perrons put Clenor into new company
The Perron brothers from Kirkland Lake, Ont., say they plan to fund exploration of the Clenor property near Temagami, Ont., through Gwen Resources (ASE). Gwen President Alex Perron says he plans to ta…
Unlisted Trading (January 20, 1992)
Among the active issues during the week ended Jan. 14 was White Star Copper Mines, which traded 100,000 shares in a 68-55 cents range. White Star has a deal with Falconbridge Ltd. which will see the l…
Aluminum use on rise in autos
The use of aluminum in the manufacture of automobiles is expected to increase, says the chairman of major aluminum producer Alcan Aluminum (TSE). At a press briefing in New York City, David Morton sai…
FINANCING (January 20, 1992)
Tenango Explorations Inc – 800,000 shs offered @ $1.25 per sh.
More drilling at Douay project
An $850,000 drilling campaign to test the ground between two known auriferous deposits on the Douay property in Quebec’s Casa Berardi region is under way by joint venture partners Inco (TSE) and Socie…
Barrick, Newmont discuss Post deal
Major North American gold producers and Carlin Trend neighbors Newmont Mining (NYSE) and American Barrick Resources (TSE) are talking again, but not about a corporate merger. Newmont Chairman Gordon P…
New Golden looks at foreign projects
New Golden Sceptre Minerals (VSE) says it is negotiating two joint venture agreements overseas. One involves mining of a modest gold deposit in South America, while the other covers oil exploration an…
Cameco, Glamis on TSE 300, Dickenson dropped from index
Mining companies continue to suffer the effects of weak metal prices and the economic downturn, as indicated by The Toronto Stock Exchange’s decision to drop six issues from its composite 300 index, F…