Quebec’s mining industry should profit from this year’s projected moderate growth of the world economy. With the forecast increase in mineral consumption in 1993, the total value of mineral shipments …
Native land claims settlements coupled with a government campaign to encourage mining are providing fresh opportunities for exploration companies in Alaska. Environmental constraints remain, however. …
It was not a great year for the chromium industry in 1992, which was characterized by oversupply and declining prices for chromite ore and ferrochromium. The price of high-carbon ferrochromium in the …
Exploration expenditures in British Columbia continue to decline. The major companies at least have a barrage of claims from which to choose and the ready cash to hold tight until political prospects …
African countries, their economies tied to cash-crop production, have watched with despair the collapse for over a decade of international prices for their commodities. According to World Bank project…
Toronto-based Lac Minerals (TSE) has initiated an “odd-lot selling program” to buy shares of Lac and certain predecessor companies from shareholders who hold 99 shares or fewer. For shareholders with …
A hole drilled while testing for electromagnetic anomalies on the Fox Stimson property, 70 km northeast of Timmins, Ont., has intersected three mineralized zones, reports Cross Lake Minerals (VSE). No…
A recalculation of minable reserves at the Goldstream mine near Revelstoke, B.C., has resulted in a 26% increase over estimates made last November. Bethlehem Resources (TSE) and Goldnev Resources (VSE…
Fifty senior managers at Noranda (TSE) have sold 1.6 million common shares at $20.50 per share through the Toronto Stock Exchange to raise $32.8 million. They used about $30 million of the proceeds to…
Calgary-based Bre-X Minerals (ASE) has signed an agreement in principal to earn an 80% interest in an Indonesian gold project. The 57,571-hectare property contains three gold prospects, one of which r…
Toronto-based Citadel Gold Mines (TSE) has terminated the lease on its Surluga gold mill in Wawa, Ont. The lease had been held by Monk Gold & Resources (ASE). Citadel is reviewing its gold property an…
The sale of some gold mining assets is providing Cyprus Minerals (NYSE) with additional funds for capital programs aimed at reducing costs and expanding production. An 80% interest in the Golden Cross…
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