AMT consolidates Copper Creek holdings
Tucson, Ariz.-based AMT International Mining (AAI-T) has arranged to buy out Copper Creek partner Broken Hill Proprietary (BHP-N).To earn the Australian-based major’s 50% stake in a 1,680-acre portion…
Phelps Dodge Corporation
Companies (July 13, 1998)
AGC Americas GoldAlberta Star MiningAllican ResourcesAmblin ResourcesAmerica Mineral FieldsAMT International MiningAntares Mining & ExplorationArcon International ResourcesAsia Pacific ResourcesAtna R…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow tops 9,000; mining stagnates
The Dow Jones Industrial average climbed above the 9,000 mark during the holiday-shortened report period of July 2-7. The Dow gained 87.68 points (or 1%) to close at 9,085.04.There were no fireworks a…
BASE METALS — Junior busy in Buchans
Working on the principle that the best place to find a new mine is near an old one, Buchans River (BUV-A) has added to its already sizable land position in the Buchans base metal mining camp of centra…
Companies (June 29, 1998)
Abacus MineralsAber ResourcesAJ Perron GoldAmbrex MiningAmerica Mineral FieldsAnglo AmericanArimetco InternationalAsarcoAtna ResourcesBaltic ResourcesBarrick GoldBattle Mountain GoldBirim GoldfieldsBl…
Phelps Dodge picks up Brazilian unit
Taking advantage of the fast growing market in carbon black, Phelps Dodge (PD-N) will acquire a Brazilian carbon black manufacturing business from Luxembourg-based major Minorco (MNRC-Q).The Arizona-b…
MINING MARKETS & INVESMENT NEWS — U.S. markets — Mining companies hit new lows
Turmoil in the Asian markets sent the Dow Jones Industrial average down 384.63 points, or 4.2%, during the report period of June 10-16, including a drop of more than 200 points on June 15. The Dow clo…
Kafue consortium shrinks by half — And then there were two.
Majors Noranda (NOR-T) and Phelps Dodge (PD-N) have withdrawn from the Kafue consortium; only South Africa’s Avmin and Britain’s Commonwealth Development remain.Over the past 15 months, the consortium…
Companies (June 08, 1998)
Ag Armeno Mines & MineralsAlberta EnergyAmerican Bullion MineralsAnglo AmericanArchon MineralsAshton Mining of CanadaAsia Pacific ResourcesAvminBlack Hawk MiningBMR GoldBorneo GoldBroken Hill Propriet…
U.S. markets — Dow dips as gold languishes
The Dow Jones Industrial average lost 107.12 points (or 1.2%) during the report period of May 13-19. The average spent the last half of the week in decline before posting a minor gain to close at 9,05…
Companies (May 11, 1998)
Abacus MineralsAfrican Selection MiningArchangel DiamondAur ResourcesBarrick GoldBolidenBreakwater ResourcesBre-X MineralsCaledonia MiningCambiorCimarron MineralsCondor Int’l ResourcesDia Met Minerals…
FACTS ‘N’ FIGURES — Spending peak has passed
Spending on mineral exploration worldwide likely peaked in 1997, according to a report released by Halifax, N.S.-based Metals Economics Group.Entitled Corporate Exploration Strategies: A Worldwide Ana…