AMERICAS — Latin America to Canyon’s liking
The search for minerals in South and Central America is by no means restricted to Canadian companies. Colorado-based Canyon Resources (NASDAQ) has exploration offices and staff in Argentina, Venezuela…
News
COMMENTARY — Anglo American tops corporate list
South Africa’s Anglo American Corp. is the world’s most important mining group measured by the value of the non-fuel minerals production controlled in 1992 — it controls 7.7% of the total Western wor…
U.S. Hall of Fame to induct eight (August 15, 1994)
The National Mining Hall of Fame in the U.S. will welcome eight new members at its seventh induction banquet Sept. 18 in Phoenix, Ariz. For the first time since the inaugural banquet in 1988, two of t…
Shareholders of Royal Oak back revised takeover offer
Shareholders of Royal Oak Mines (TSE) voted 95.7% in favor of the company’s revised takeover offer for Lac Minerals (TSE) at a special meeting here. Royal Oak is now offering, for each Lac share, the …
Porgera to resume operations
Management of the Porgera joint venture has started routine recommissioning procedures at the explosives plant at the Papua New Guinean mine site. Placer Dome (TSE), an 18.9% owner of the project, sai…
AMERICAS — Gibraltar advancing project northeast of
Plans for restarting its open-pit mine at McLeese Lake in east-central British Columbia, as well as ongoing feasibility work on the nearby Mt. Polley project, have not kept Gibraltar Mines (TSE) from …
Inco holds interests in wide portfolio of properties
Realizing that there are other prolific areas for nickel and copper mineralization outside Canada, nickel-producing giant Inco (TSE) has acquired interests in a number of international projects. Inco,…
AMERICAS — New deposits fundamental to Falconbridge growth
Armed with a pile of cash from one of Canada’s largest corporate stock offerings, Falconbridge (TSE) can now proceed with two major base metal deposits which should fuel the company’s growth well into…
ODDS’N’SODS — The lure of Chicago
We hired many newly arrived immigrants during the early years of mine development and production at Elliot Lake, Ont., in the fast-developing world uranium centre during the 1950s. Numerous sturdy Ita…
AMERICAS — NEWS IN BRIEF
Nautilus Resources (NUT:VSE) has changed its name to New Leather on a 1-new-for-3-old-share basis.
AMERICAS — Royal Oak puts exploration focus on Porcupine
The Porcupine camp in northern Ontario will eat up the lion’s share of the 1994 exploration budget of Royal Oak Mines (TSE). Of the $6 million that is earmarked for exploration, almost $4 million will…
Steen takes charge at Lac — Royal Oak sweetens Lac offer
The latest round of what has been referred to as an “auction” of Lac Minerals (TSE) saw initial bidder Royal Oak Mines (TSE) increase its offer to $2.4 billion. And million-ounce gold producer Lac too…