Development fund for Latin America
A US$60-million capital development fund is being formed to provide financing to small-to-medium-sized mining companies in Latin America. To be known as the Oroya Mining Development Fund, it will be m…
News
Queen’s MinEX hosting workshop
A workshop entitled “Structural Geology for Exploration and Mining Geologists” is planned for May 29-June 4 at Queen’s University, Kingston, Ont. The course, sponsored by QMinEx, will review methods u…
Int’l Platinum shares nosedive on TSE findings
The shares of International Platinum Corp. (IPC) plunged 87 cents from its pre-halt high of $1.20 following release of the Toronto Stock Exchange’s findings from an investigation into the company’s Ar…
Debate to focus on environment
A public debate on May 19 at the Royal Ontario Museum (ROM) in Toronto will assess the way mining relates to the environment. Members of the mining community, environmental groups and academia will ai…
Bre-X continues drilling Indonesian prospects
Having rebuffed several interested majors, Bre-X Minerals (ASE) intends to continue exploring and advancing several projects in Indonesia. A key project is the Busang prospect in East Kalimantan provi…
THE EDITORIAL PAGE — The future of mining
It was quite a sight. At a console, set up in a hall at the Metro Toronto Convention Centre, sat an Inco employee, his eyes fixed on a video monitor in front of him, his hands working the joy sticks o…
Drilling increasing fortunes of La Fortuna
Drilling by San Fernando Mining (VSE) has increased both the strike and dip length of the established zone on La Fortuna, a gold-silver-copper project in Mexico’s Durango state. Work by previous opera…
LAST BUT NOT LEAST — EMF posts profit for fiscal 1993
The investment firm of European Mining Finance (EMF) is out of the red and into the black. The company, based in London, England, and registered in Bermuda, made a net profit of $751,175 in fiscal 199…
Mexican government’s initiatives bear fruit — Eldorado
The opening of a major open-pit gold mine in this historic mining village is expected to pay big dividends in the local economy. It is the first mine to open in the district since 1916 and, to celebra…
OECD output bolsters markets
Strong industrial production in most member nations of the Organization for Economic Co-operation and Development continues to bolster base metal markets, while uneasiness over social issues in Russia…
Atlas purchases Granges shares
Australian miner MIM Holdings plans to sell its 12.7 million shares of Granges (TSE) to Atlas (NYSE) at a cash price of $4 per share. The shareholding represents a 37% interest in Granges, which, in t…
ODDS’N’SODS — Mine financing in the 1800s
Most of the mines now abandoned in the hills and mountains of Arizona, as well as those that are a part of open-pit operations, required outside financing to operate. Few miners had the money to opera…