MINING IN MEXICO — Asarco completes Grupo deal
Base metal producer Asarco (NYSE) recently completed its transaction with Grupo Industrial Minera Mexico (Gimmex), combining Mexico Desarrollo Industrial Minero (Medimsa) into a new public company kno…
1994
MINING IN MEXICO — Penoles developing La Cienega project
Preparing La Cienega mine in the northwest of Durango state for underground production this year is the Penoles group. The project’s deposits sit in a 4-km-long system of quartz veins and host gold-si…
MINING IN MEXICO — Salinas in running to head WTO
Outgoing Mexican President Carlos Salinas de Gortari and former Italian trade minister Renato Ruggiero are the favorites to head the new World Trade Organization (WTO), diplomats said recently in Gene…
Windy Craggy phantom haunts CIM gathering
Halloween was still weeks away, but that did not prevent the ghost of Windy Craggy from stalking the District 6 annual general meeting of the Canadian Institute of Mining, Metallurgy and Petroleum (CI…
NEWS IN BRIEF (October 24, 1994)
Acheron Resources (ACZ: VSE) has changed its name to Abaddon Resources (ABA: VSE) on a 1-new-for-9-old-sh basis.
STOCK MARKETS — Seasonal doldrums leave western markets
Western markets appear to have slipped into the fall-winter doldrums despite the considerable amount of exploration activity taking place in the Southern Hemisphere. Gold is not helping matters, altho…
Correction (October 24, 1994)
A report in our Oct. 17 issue incorrectly stated that Atlas (NYSE) will combine Granges (TSE), Hycroft Resources & Development (TSE) and Dakota Mining (TSE) into one company. Atlas does plan to initia…
MINING IN MEXICO — Campbell producing gold at pair of Sonora
Having been active in Sonora state for some 30 years, it should come as no surprise that Campbell Resources (TSE) holds interests in a pair of Mexican gold mines. Last July, the company bought its sec…
NEWS ROUNDUP — Kookaburra defines Tacaza reserves
Drilling on the Tacaza project in southeastern Peru has outlined a geological resource of 4.4 million tonnes grading 1.35% copper, based on a 0.5% cutoff. Kookaburra Resources (VSE) has drilled 7,700 …
Conference focuses on global opportunities
In the aftermath of the Cold War and the subsequent collapse of the Soviet Union, countries have to earn their way on to the world stage. As a consequence, many emerging nations are bringing in new mi…
Channel drilling program under way in Burkina Faso
Reverse-circulation drilling is under way on the Bombore and Somita properties in Burkina Faso, West Africa. The work consists of 150 holes over 15,000 metres. The concessions are two of four held in …
ODDS’N’SODS — LHDs a big improvement on hand-mucking of
It is a good thing that mechanization has arrived in mines, as I don’t know where we would find people to muck out by hand today. The comparison of the use of the load-haul-dump machine versus mucking…