MINING IN CHILE — Codelco probe continues
Criminal investigations continued this month into the huge losses, made mainly on the London Metals Exchange, by state-owned Chilean mining company Codelco. The losses of more than US$200 million in f…
News
Repadre hopes for rewards
Shareholders at Repadre Capital’s (TSE) annual meeting learned that their company could reap big rewards from diamond discoveries by Aber Resources (TSE) in the Northwest Territories. Repadre owns a 1…
MINING IN CHILE — Guanaco mine overcoming startup problems
The Guanaco open-pit mine has been in production for more than a year and 90%-owner Amax Gold (NYSE) is still working the bugs out of the system. Situated 145 miles southeast of Antofagasta, the mine …
MINING IN CHILE — Gold exploration spending drops
Spending on gold exploration in the U.S. dropped US$6 million in 1993 as mining companies continued to devote more of their budgets to searching for deposits in Latin America and other countries, says…
MINING IN CHILE — Business travel spending on rise
Canadian companies are spending a record $11.6 billion on business travel, with most predicting that they will spend at least the same or more during the next 12 months. The American Express 1994 Surv…
MINING IN CHILE — Princeton drills Elenita play
A program of 3,000 metres of reverse circulation drilling has been undertaken by Princeton Mining (TSE) on the Elenita copper project near Antofagasta, Chile. The program focused on an oxide-copper de…
PRODUCER PRICES (June 27, 1994)
PRODUCER PRICES ALUMINUM: MW U.S. market US64.5-65.5 cents per lb. (June 9, 1994). ANTIMONY: MW New York dealer US$1.40-1.60 per lb. (May 12, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (S…
Uruguay round lowers tariffs on non-ferrous metals
Canada’s manufacturers of primary, non-ferrous metals and non-ferrous metal products can look forward to new export opportunities, owing to lower tariffs negotiated in the Uruguay round of world trade…
Acquisition may be in works for Royal Oak
A new corporate strategy, a new venture into China and, possibly, a new acquisition will serve as building blocks for the growth of Royal Oak Mines (TSE), President Margaret (Peggy) Witte told shareho…
MINING IN CHILE — La Coipa mine posts record output
Output at La Coipa, an open-pit gold and silver mine in northern Chile, has continued to expand. Production in 1993 — 8 million grams gold (258,200 oz.) and 413.7 million grams silver (13.3 million o…
EDITORIAL PAGE — The SX-EW alternative
For conventional producers of copper, especially those at the high end of the cost curve, SX-EW is a dirty word. Their antipathy toward the process is well founded because, on average, it is much chea…
High River, TVX approve Snow Lake
Shareholders of High River Gold Mines (TSE) have approved a 50-50 joint venture with TVX Gold (TSE), which will lead to development of the Snow Lake gold project in northern Manitoba. The project cons…