News


Terneras feasibility study on track

In the late 1500s, Spanish explorers began finding high-grade polymetallic mineralization in the San Lorenzo mountains in north-central Mexico. More recently, Canadian joint-venture partners William R…



Pouliot appointed Ontario’s acting mines minister

Ontario Premier Bob Rae has appointed Gilles Pouliot as acting minister of northern development and mines. He replaces Shelley Martel, the Sudbury East representative who recently resigned from cabine…



DIAMOND PAGE — New player in N.W.T. diamond hunt

WMC International, a subsidiary of Australian mining giant Western Mining Corp. Holdings, has become a player in the search for diamonds in the Northwest Territories. WMC recently signed a deal with L…


London Metal Exchange — Metal prices

Spot closing prices in $US per tonne Date Oct 18 Oct 17 Oct 14 Oct 13 Oct 12 Copper 2485.5-2486.5 2481-2482 2483-2485 2490-2491 2511-2513 Lead 643.5-644.5 640-641 641.5-642.5 634-635 634.5-635.5 Zinc …


STOCK MARKETS — Debt-related fears unsettle TSE

Tough deficit talk by Finance Minister Paul Martin failed to inspire investors, the result being that the Toronto Stock Exchange remained flat over the 5-day report period ended Oct. 18. The composite…


Inco outlines new deposit

Nickel giant Inco (TSE) has discovered a high-grade deposit near Thompson, Man. Known as Pipe Deep, the deposit is 20 miles south of Inco’s Thompson processing facilities and 1 mile from the Pipe 2 mi…


EDITORIAL PAGEA — One step forward, two back

Several years ago, Venezuela took steps to revitalize its near-dormant mining sector by adopting a more favorable tax structure and promising to reform its mining laws. Optimism was high that the coun…


NEWS ROUNDUP — Garde, Diabior find gold zone

Chip samples from a 30 sq.-mile property in the James Bay Lowlands of Quebec have led to the discovery of a gold-bearing zone. The discovery was made as Montreal-listed partners Garde Societe d’Explor…


MINING IN MEXICO — Asarco completes Grupo deal

Base metal producer Asarco (NYSE) recently completed its transaction with Grupo Industrial Minera Mexico (Gimmex), combining Mexico Desarrollo Industrial Minero (Medimsa) into a new public company kno…


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