Dayton gets bank loan for Chilean play
An underwriting commitment from Barclays Bank and Banque Paribas will help Dayton Mining (TSE) bring its Chilean gold project to production. The two banks agreed to lend the company US$50 million, sub…
News
LAST BUT NOT LEAST — Correction (April 11, 1994)
Producer Rio Algom (TSE) generated revenue of $22.1 million in 1993 from the combined disposition of its interests in El Condor Resources (VSE), St. Philips Resources (VSE) and two other portfolio inv…
Monarch Res. files prospectus
London-listed Monarch Resources has filed a preliminary prospectus for shares valued at $US30 million. About US$20 million will be offered to Canadians and the remainder will be offered to existing sh…
Copper doldrums force Crew to drop Red Dog project
The poor price of copper has prompted Crew Natural Resources (VSE) to drop its interest in the Red Dog copper-gold project on northern Vancouver Island. The decison was also influenced by BHP Minerals…
LATIN AMERICAN SPECIAL — Barrick drills active — Peru’s
Prospects for the Yanacocha district of northern Peru are looking up on news that American Barrick Resources (TSE) is meeting with drilling success at its Corona project. The property features a large…
Latin American Special — Chilean copper, gold projects
With 10-15 new copper projects scheduled to start up by the year 2000 and several major gold projects waiting to be exploited, Chile is one of the most attractive countries for mining investment. Last…
NEWS ROUNDUP — Graphite sales up 6% for Stratmin
North America’s largest producer of natural graphite, Stratmin (ME), has reported a 6% increase in sales. The company sold $12 million worth of graphite in 1993, compared with $11.3 million in 1992. M…
LATIN AMERICAN SPECIAL — Brazilian diamonds draw foreign
Diamonds appear to be the primary attraction in Brazil. KWG Resources (ME) is producing diamonds from its Charneca property in the east. Previous estimates put the grade of the alluvial deposit in the…
Southern Peru raises funding
Southern Peru Copper has raised US$250 million of a US$300-million investment program to expand production and improve environmental protection. The program includes a 41,000-ton-per-year solvent extr…
PEOPLE — FAITH MINES (April 11, 1994)
Larry McLean appointed director.
PEOPLE — INDEPENDENCE MINING (April 11, 1994)
James Komadina appointed vice-president, operations, Cripple Creek district.
North American diamond hunt puts De Beers in spotlight
The increase in diamond exploration in North America and the advanced stage of several projects in Canada’s North have triggered interest in De Beers Consolidated Mines and its marketing arm, the Cent…