PEOPLE — Strathmore
Robert Hemmerling appointed director.
1999
LATIN AMERICA — Southern Peru expands reserves at Toquepala
Southern Peru Copper (PCU-N) has outlined additional copper at its Toquepala mine, near Arequipa.The company, which is 54% held by Asarco (AR-N), has spent the past two years exploring beneath the bot…
INSIDER TRADING — Cambiex execs buy up shares
According to insider trading reports published by the Ontario Securities Commission, three executives of Cambiex Exploration (CBX-T) increased their holdings in that company during the summer.Between …
LATIN AMERICA — Eaglecrest drills San Simon property in Bolivia
Junior explorer Eaglecrest Explorations (EEL-V) is hoping that perseverance, new management and a new geological model will pay off at its San Simon gold property in northeastern Bolivia.Situated 500 …
Eastmain, Soquem find more gold at Clearwater
Partners Eastmain Resources (ER-T) and Quebec government-owned Soquem have discovered three more gold-bearing veins at their Clearwater (Eau Claire) gold project in the Eastmain River greenstone belt …
Minefinders boosts Dolores (October 18, 1999)
Toronto-listed Minefinders (MFL-T) has arrived at a new resource estimate for its wholly owned Dolores gold-silver property in Mexico’s Chihuahua state.Using a cutoff grade of 0.3 gram, Minefinders ou…
Nickel producers suffer growing pains — Problems stem from engineering design, equipment selection
In discussions with delegates at the 1999 Australian Nickel Conference held here recently, the consensus was clear: the most dramatic change facing the nickel industry is the emergence of the Western …
Phelps Dodge wins double-header in copper battle
With its proposed merger with Asarco (AR-N) foiled at every turn, Cyprus Amax Minerals (CYM-N) has accepted an amended takeover bid from copper giant Phelps Dodge (PD-N). A few days later, Asar…
Gold price traps Ashanti in hedge deal — Possibility of US$450-m loss hits gold producer’s shares
Shares in Ghanaian gold producer Ashanti Goldfields (ASL-N) plunged following an announcement that the company was facing large paper losses in its gold hedging program.Ashanti, which was among those …
Madsen resurrection near
Slowly but surely, Claude Resources (CRJ-T) is waking the historic Madsen gold mine from its 2-decade-long slumber.Situated just east of here, Madsen was one of the more successful mines to arise from…
Companies (October 11, 1999)
Agnico-Eagle MinesAlberta EnergyAmerican Mineral FieldsAnaconda NickelAnglo AmericanAnglogoldAsarcoAshanti GoldfieldsAshton Mining of CanadaAtna ResourcesBarramundi GoldBarrick GoldBattle Mountain Gol…
Newmont funds drilling at Longline gold property
A 3,000-metre drill program is under way on Barramundi Gold’s (BAM-A) Longline project in west-central Yukon.The program is being operated and funded by a Canadian unit of Newmont Mining (NEM-N), whic…