Appeals court favours Freeport-McMoRan
A U.S. Court of Appeal has upheld an earlier ruling against an opponent of the giant Grasberg copper-gold mine in Irian Jaya, Indonesia, stating that the plaintiff, Thomas Beanal, failed to show that …
1999
Writedowns take toll on Northern Orion
Northern Orion Explorations (NNO-T), further in the red following a series of writedowns attributed to its Mantua gold operation in Cuba, has arranged a refinancing with parent Miramar Mining (MAE-T)….
Canadian Venture Exchange rides bullish trend
The Canadian Venture Exchange posted an impressive gain of 122.1 points, or 5.7%, and closed the week ended Dec. 14 at 2,154.08. The bullish trend marks the largest one-week gain since the market’s in…
LME WHSE LEVELS (December 20, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 14/99 (change from Dec. 7 in brackets):Aluminium767550(-5400)…
TSE Indices (December 20, 1999)
— 1999 –DateDec. 14Dec. 13Dec. 10Dec. 9Dec. 8High…
TSE Shorts (December 20, 1999)
Short positions outstanding at December 6, 1999Larger individual positions include:Abitibi-Consolidated 2,035,398, down 287,271; Alcan Aluminum 1,474,367, down 70,176; Anderson Exploration 1…
Drill holes cut copper at Magistral property in Peru
Results from the first three holes of an 8-hole drill program on the Magistral copper skarn property in north-central Peru have intersected significant copper mineralization for partners Inca Pacific …
Celtic expands portfolio in Newfoundland
Alberta-based Celtic Minerals (CME-V) is acquiring the Great Burnt Lake and Victoria Mine base metal properties in central Newfoundland.Great Burnt Lake is contiguous with the junior’s South Pond prop…
Lyon Lake seeks permit for Crucitas
Montreal-based Lyon Lake Mines (LLL-M) has applied for an exploitation permit for its Crucitas gold deposit in northern Costa Rica.The application includes a feasibility study that envisages the minin…
Expatriate tests gold camp
Equal partners Expatriate Resources (EXR-V) and Nordac Resources (NRQ-V) are encouraged by the results of a grassroots gold exploration program on the Armenius and Eureka properties in the Yukon.Combi…
EuroZinc boosts resource
As part of a final feasibility study, EuroZinc Mining (EZM-T) has released new resource estimates for the past-producing Aljustrel project in Portugal.The Vancouver-based company hopes to revive Aljus…
Ecuadorian cuts high-grade mantos in Peru
Widely spaced drilling has returned strong gold values for Ecuadorian Minerals (EMC-T) at the Vetaspata property in southeastern Peru.Results from 12 of 19 core holes, totalling 1,750 metres, confirm …