Cuban copper project yields gold
While conducting work towards a final feasibility study on the Mantua copper project in Cuba, 50% owner Miramar Mining (TSE) identified three previously unrecognized forms of gold mineralization. One …
News
Minnesota ponders copper-nickel deposits
A subcommittee of the governor’s Task Force on Mining and Minerals, charged with looking at the future of copper-nickel mining in northeastern Minnesota, has recommended that the state fund a $371,500…
METAL PRICES — FREE MARKET (February 27, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 21 Feb. 20 Feb. 17 Feb. 16 Feb. 15 Copper 2884-2885 2880-2881 2887-2889 2886.5-2887.5 2811-2812 Lead 583-584 581-583 573-574 572-57…
PRODUCER PRICES (February 27, 1995)
ALUMINUM: MW U.S. market US94.5-96.5 cents per lb. (Feb. 3, 1995). ANTIMONY: MW New York dealer US$2.40-2.50 per lb. (Jan. 27, 1995). BISMUTH: MW New York dealer US$3.80-4.00 per lb. (Jan. 20, 1995). …
TVX boosts stake in gold projects
Gold-producer TVX Gold (TSE) has increased its ownership in two projects and is considering buying a third. TVX bought a 10.3% interest in the Brasilia mine for US$14 million from a private company co…
TVI forges ahead at Canatuan
With a cash payment of $2 million, TVI Pacific (ASE) has acquired the 5,000-hectare Canatuan property in the Philippines. Situated on the western tip of Mindanao Island, the polymetallic property host…
Historical gold production
The amount of gold produced in the world throughout the ages (to the end of 1994) stands at about 3.7 billion oz., says CPM Group of New York. According to the research and consulting company, some 86…
DIAMOND NEWS ROUNDUP — BHP reports improvement in grade for
Results from diamond evaluations on the N.W.T. Diamonds project near Lac de Gras indicate an improvement in the grade of the Fox pipe. Last year, BHP Diamonds mined a 6,915-tonne sample from a decline…
Mines boost Prime’s bottom line
The Eskay Creek gold mine in northwestern British Columbia is up and running. The initial shipment of crushed and blended ore, destined for smelters in Japan and eastern Canada, was made early this ye…
Ashanti seeks opportunities
Ghana’s major gold producer, Ashanti Goldfields, plans to expand into other African countries via a new subsidiary, Ashanti Exploration. Nick Laffoley, head of Ashanti Exploration, told Knight-Ridder …
Keystone results continue to shine
Production and profits are up considerably at the Keystone gold mine in northern Manitoba. The operation, owned equally by Granduc Mining (TSE) and Black Hawk Mining (TSE), yielded 8,197 oz. in the fo…
LETTER TO THE EDITOR — Time to start talking
The editorial “A voice from the wilderness” (T.N.M., Jan. 30/95) shows that neither the mining industry nor the environmentalists are thinking clearly about land use in wilderness area, a development …