Bre-X firms up Busang gold play
Stepout drilling at the Busang project in Indonesia has reinforced the owner’s perception that the Central zone could host a gold resource minable by open-pit methods. Bre-X Minerals (ASE) drilled six…
News
BHP options copper project
Australian mining giant BHP Minerals will join forces with Francisco Gold (VSE) on the Coahuila copper project in Mexico. Exploration to date indicates the presence of a large, sedimentary-hosted copp…
Crude steel output off slightly in ’94
World crude steel production in 1994 totalled 723.3 million tonnes. The International Iron and Steel Institute of Brussels says preliminary figures place output 0.9% below the 1993 level and 8% below …
Commodity index in decline
The commodities index of the Bank of Nova Scotia declined by 1.3% in February after rising for six straight months. A sharp drop in metals and minerals prices and a seasonal fall in agricultural price…
Expansion plans proposed for Division Mountain
Expansion plans may be in order at the Division Mountain coal project in the Yukon. The drill-indicated, undiluted, minable resource is now estimated at 31.7 million tonnes of Volatile Bituminous “B” …
Canarc, Echo Bay team in Guyana
An alliance with Canarc Resource (TSE) gives Echo Bay Mines (TSE) a call on Canarc’s exploration efforts in Guyana and Suriname. The latter will buy a 3-million-share private placement in Canarc at $2…
Waddy Lake and Golden Rule revise Komis reserves
TSE-listed partners Waddy Lake Resources and Golden Rule Resources have taken a closer look at the geology of the Komis gold deposit and, in the process, recalculated the reserve figure. The deposit, …
Quebec mineral shipments rise
Quebec’s ministry of natural resources projects that the improvement in world economic conditions should boost the price of raw materials in 1995, allowing mineral producers in the province to step up…
ODDS’N’SODS — Diamonds in the Appalachians
The occurrence of diamonds in the eastern U.S. has been well documented since 1843, and possibly even earlier. The authenticated diamonds range in size from 0.25 carats to the Punch Jones diamond, whi…
Ottawa said ready to act — `Come home,’ Canadian
Delegates to the annual Investing in the Americas conference were apprised of numerous mineral opportunities throughout Latin America. At the same time, however, they were reminded that the grass is n…
PRODUCER PRICES (April 10, 1995)
ALUMINUM: MW U.S. market US86.5-87.5 cents per lb. (March 24, 1995). ANTIMONY: MW New York dealer US$2.30-2.40 per lb. (Feb. 16, 1995). BISMUTH: MW New York dealer US$3.75-3.90 per lb. (Feb. 24, 1995)…
Monarch spreads its wings in Venezuela
Favorable drill results have enabled Monarch Resources (TSE) to increase gold reserves at its Camorra mine and Canaima concession in the Venezuelan district of El Dorado. At La Camorra, results have b…