Southern Peru cuts ribbon on new plant
Southern Peru Copper (PCU-N) has opened a solvent extraction-electrowinning plant near the town of Toquepala in southern Peru.The plant, which was constructed at a cost of US$103 million, represents t…
1996
Consolidated Nevada inks Mexican merger deal
Consolidated Nevada Goldfields (KNV-T) has signed a deal with Mexican miner Grupo Real del Monte that will lead to a six-fold increase in reserves for the American company.The companies are merging th…
Abacus Minerals cuts massive sulphides at Alaska’s Lookout Mountain zone
To date, Abacus Minerals (AMC-V) has drilled 23 holes at the Niblack project in southeastern Alaska, and reported preliminary results from six of them.At the Lookout Mountain zone, drilling has identi…
PEOPLE — SARABAT GOLD (July 22, 1996)
Melvin Reeves appointed director.
Elliot Lake growing independent of mining
Although the last of the ore has been hauled from the last of Elliot Lake’s mines, the task of reclaiming and revitalizing this former one-industry town has just begun.Beginning in 1955, the mining in…
The Cambior drilling at Cameron Lake
Diamond drilling has begun at the Cameron Lake gold property, a joint venture between Nuinsco Resources (NWI-T) and Cambior (CBJ-T).The project lies 80 km southeast of Kenora, Ont. Reserves are estima…
Cominco deals for Peruvian miner
Cominco (CLT-T) has acquired a 25.5% interest in the Peruvian company Inversiones Colquijirca, which holds a 51% interest in Sociedad Minera El Brocal.Minera El Brocal’s principal assets include the 2…
Tiomin advances Panamanian prospect
Drilling and construction by a team of more than 100 workers is under way at the Cerro Colorado copper deposit in Panama, reports property owner Tiomin Resources (TIO-T).By mid-August, Tiomin will be …
Spot prices at a glance (July 15, 1996)
Wednesday, July 10, 1996Price (US)Week’s ChangeGold*$383.40+ $0.90Silver*$ 5.12…
LETTER TO THE EDITOR — Instability abroad threatens Canadian workers
Your obituary for Colin Spence does a disservice to our industry by not mentioning the cause of his death. I understand that he was shot in the leg while riding in a helicopter in the Philippines, and…
Centurion expands OK copper mine
Results from development drilling at the OK copper mine in Utah have increased proven and probable reserves to 5.3 million tons grading 0.48% copper.The property, owned by Centurion Mines (CTMC-Q) and…
Spider Resources finds diamonds in N. Ontario
The discovery of six diamonds in exposed bedrock has prompted Spider Resources (SPG-A) to secure the ground covering the occurrence near the town of Wawa, in northern Ontario.The discovery was made by…