News

Southeast zone drilling adds to potential of Busang

Few exploration plays have attracted as much speculative interest this year as the Busang bulk-tonnage gold project operated by Bre-X Minerals (ASE) in the Indonesian province of East Kalimantan.The c…


Fischer-Watt boosts output in Colombia

Gold production at the Oronorte project in Colombia topped 1,045 oz. in October, well above the average monthly figure of 611 oz.All production came from the Limon underground mine, where high-grade o…


Loma de Hierro jumps hurdle

Venezuela’s mines ministry has approved the development plan for the Loma de Hierro nickel deposit, 50 km southwest of Caracas. And Jordex Resources (TSE), owner of a 45% interest, is looking forward …


Bisulphide extraction process patented in Montana

A bio-oxidation and bisulphide leaching process that may compete with cyanidation has been patented in the U.S.Yellowstone Environmental Science of Bozeman, Mont., developed the 2-stage process (T.N.M…


Manitoba cheers New Britannia opening

Second-hand hoists, second-hand mill. The New Britannia mine, which officially opens this week, has both. Scouring the mining industry’s garage sales for bargains is one way to keep capital costs down…


Meetings (November 27, 1995)

MEETINGSDec. 4, Banff Dec. 4, Glen AudenDec. 4, Rangeland Dec. 4, Rosebay Dec. 4, Shakwak COMING EVENTSDec. 5-8 Northwest Mining Association — “Int’l Convention & Exposition.” Spokane Hotel, Spokane,…


Corrections (November 27, 1995)

Incorrect information appeared in the Insider Trading column of our Nov. 20 issue. The reference to TVI Pacific director Clifford James should have read that he was granted 300,000 options at 94 cents…



Stormy weather stalls CSR drilling

Due to “extremely severe” weather conditions, the Canadian States Resources (CDN) drill crew working 80 km northwest of Voisey Bay has discontinued drilling.The company plans to resume drilling as soo…



Hecla writes down Grouse Creek interest

The third-quarter operating results of Hecla Mining (NYSE) include a nonrecurring asset writedown of its entire 80% interest in the Grouse Creek gold mine in central Idaho.Great Lakes Minerals (TSE) o…


PRODUCER PRICES (November 27, 1995)

ALUMINUM: MW U.S. market US76.5 cents-77.5 cents per lb. (Nov. 17, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$4.00-4.20 per lb. (Oct. 13, 19…


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