Escondida built on risk-sharing
The Escondida copper mine in Chile started producing copper concentrates in December, 1990, after a two-and-half-year construction period. It was seven months early and US$320 million under budget. Th…
1993
Environmental issues addressed
The Canadian Council for International Business will join Mexican and U.S. business representatives to discuss environmental issues affecting North American industries. The voluntary program promotes …
Toronto Stock Exchange Indices (June 28, 1993)
— Week — Jun 29 Jun 28 Jun 25 Jun 24 Jun 23 High Low Composite “300” 3935.74 3922.43 3906.94 3903.71 3892.42 3935.74 3881.22 Metals & Minls 2997.82 3000.97 2977.30 2935.19 2919.18 3003.53 2899.89 In…
Chile is leader in copper output
The largest producer and exporter of copper in the world is Chile. In addition to copper, the South American nation’s mineral output includes gold, silver, molybdenum, iron and nitrates. State-owned c…
NEWS ROUNDUP — Trans America options iodine project
Earlier this year, Trans America Industries (VSE) optioned a property near Antofagasta, Chile, hosting reserves of iodine and other industrial minerals. The company then acquired $500,000 from the sal…
Princeton plans more work for Rio Lluta copper project
Toronto-listed Princeton Mining is considering joint-venturing a portion of its interest in the Rio Lluta project near Arica in northern Chile. The company drilled 11 rotary holes, intersecting what i…
NEWS ROUNDUP — Top 10′ gold producer
A “top 10” world gold producer the past two years, Chile turned out more than 39 tonnes of the yellow metal in 1992, up 20% from the previous year. Gold Fields Mineral Services of London, in its Gold …
Boron evaluates properties
Private placement funds totaling $500,000 will be used to evaluate boron properties held by the Chilean subsidiary of Boron Chemicals International (VSE) in Chile and Bolivia. The private placements w…
SX-EW plant planned for Tuina
Partners International Mahogany (TSE) and North Lily Mining (NASDAQ) are working to finance installation of a solvent extraction-electrowinning plant at their Tuina open-pit heap-leach project near Ca…
Year-end production start expected for Cerro Colorado
Initial production from the Cerro Colorado porphyry copper deposit in northern Chile is expected to begin by year-end, Rio Algom (TSE) reports. Over an estimated 23-year life, 10,000 tonnes per day wi…
Choquelimpie not quite finished
Mining operations have ceased at the Choquelimpie gold mine in northern Chile, owned 35% by Northgate Exploration (TSE), but more gold may yet be recovered. Northgate and its joint-venture partners un…
Conwest and parent Faraday to merge
Toronto-listed Conwest Exploration (TSE) and parent Faraday Resources (TSE) are amalgating. The company will continue to be known as Conwest. Pursuant to the merger, Faraday shareholders will receive …