News

Collahuasi mine expansion has Falconbridge excited

Definition drilling at the Collahuasi copper project in northern Chile has enabled Falconbridge (TSE) and equal partner Minorco to boost geological resources.The figure now stands at a staggering 3.1 …


Newmont opens heap-leaching JV in Uzbekistan

Standing atop the Muruntau pit in this former Soviet republic, the mind boggles at the immensity of the operation. Indeed, the excavation is on record as being the largest ever created for a mining op…


Agnico buys shares of Sudbury Contact

Toronto-based Agnico-Eagle Mines (TSE) will buy 843,000 shares of Sudbury Contact Mines (TSE) from affiliated holding company Mentor Exploration and Development (TSE).As consideration for the purchase…


Aurex revises acquisition terms

Junior producer Aurex Resources (TSE) has restructured its agreement to acquire a 70% interest in Compania Minera San Esteban Primera.San Esteban owns and operates three producing copper-gold mines in…


Companies (June 12, 1995)

AberAdex MngAG ArmenoAgnico-EglAkiko GldAlmadenAmax GoldAmrcn BullnAmrcn ManorArequipaArielAsarcoAurexAurizonBarrick GldBema GoldBirim GldfldsBitechBruneauBrunswick M&SCaledoniaCamecoC…


Cominco ups Resources offer

Terms of the proposed take-over of Cominco Resources International (TSE) by its parent and 55.6% owner, Cominco (TSE), have been revised upward.Minority shareholders of Cominco Resources recently appr…


Brunswick facility moving

The concentrate-handling facilities of Brunswick Mining and Smelting (TSE) are moving from Dalhousie, N.B., to nearby Belladune next year.The cost of the new facilities in Belladune is estimated at $1…


Refugio beating the clock

Construction of the Refugio gold mine in Chile is six to eight weeks ahead of schedule.Partners Bema Gold (TSE) and Amax Gold (NYSE) began construction in November, 1994, under a fixed-price contract,…


Santa Elina to build new plant

Last year, Brazilian gold producer Santa Elina Gold (TSE) raised over US$36.5 million through an initial public offering and private placement.The funds were used to pay down existing debt, to purchas…


Diamond Fields aims to advance Voisey Bay

Advanced negotiations between Inco (TSE) and Diamond Fields Resources (TSE) could result in an agreement whereby the large nickel producer acquires an interest in Diamond Fields’ Voisey Bay nickel-cop…


Reunion Mining busy in Ghana

Reunion Mining, 30.7% owned by Toronto-based Caledonia Mining (TSE), has acquired rights to earn an interest in two gold prospecting licences near Bibiani, Ghana.Reunion’s agreement with the Placer Do…


Prefeasibility study expected for El Dorado

A drilling program is helping Mirage Resource (TSE) to gain a better understanding of the northernmost prospect on its El Dorado gold project in El Salvador.Drilling has tested the La Coyatera North z…


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