LATIN AMERICA — Canuc to mine in Ecuador
Toronto-based junior Canuc Resources (CANC-C) has signed an agreement with various Ecuadoran groups that will allow the company more secure access to its conflict-ridden Nambija gold property in south…
News
GUEST COLUMN — Avoiding abduction
Recent reports of kidnappings of pipeline workers in Ecuador and a mine technician in Nicaragua have raised concerns over the safety of Canadians working in Latin America.It must be recognized that ho…
PEOPLE — Strathmore
Robert Hemmerling appointed director.
LATIN AMERICA — Southern Peru expands reserves at Toquepala
Southern Peru Copper (PCU-N) has outlined additional copper at its Toquepala mine, near Arequipa.The company, which is 54% held by Asarco (AR-N), has spent the past two years exploring beneath the bot…
INSIDER TRADING — Cambiex execs buy up shares
According to insider trading reports published by the Ontario Securities Commission, three executives of Cambiex Exploration (CBX-T) increased their holdings in that company during the summer.Between …
LATIN AMERICA — Eaglecrest drills San Simon property in Bolivia
Junior explorer Eaglecrest Explorations (EEL-V) is hoping that perseverance, new management and a new geological model will pay off at its San Simon gold property in northeastern Bolivia.Situated 500 …
Eastmain, Soquem find more gold at Clearwater
Partners Eastmain Resources (ER-T) and Quebec government-owned Soquem have discovered three more gold-bearing veins at their Clearwater (Eau Claire) gold project in the Eastmain River greenstone belt …
Minefinders boosts Dolores (October 18, 1999)
Toronto-listed Minefinders (MFL-T) has arrived at a new resource estimate for its wholly owned Dolores gold-silver property in Mexico’s Chihuahua state.Using a cutoff grade of 0.3 gram, Minefinders ou…
Nickel producers suffer growing pains — Problems stem from engineering design, equipment selection
In discussions with delegates at the 1999 Australian Nickel Conference held here recently, the consensus was clear: the most dramatic change facing the nickel industry is the emergence of the Western …
Phelps Dodge wins double-header in copper battle
With its proposed merger with Asarco (AR-N) foiled at every turn, Cyprus Amax Minerals (CYM-N) has accepted an amended takeover bid from copper giant Phelps Dodge (PD-N). A few days later, Asar…
Canyon finances lawsuit
Canyon Resources (CAU-X) has obtained US$3.5 million in financing from Franco-Nevada Mining (FN-T) and restructured its purchase agreement with Phelps Dodge (PD-N) for the McDonald gold project…
DIAMOND PAGE — Twin Gold finds diamonds in Ungava
Toronto-based junior Twin Gold (TWG-T) has discovered diamonds in a grab sample derived from two dykes in the Torngat Mountains, east of Ungava Bay in northern Quebec.The sample, which weighed 10.9 kg…