Noranda restructures for growth
A restructuring by Noranda (TSE) has resulted in Noranda Minerals being replaced by two new entities, Noranda Mining & Exploration (NM&E) and Noranda Metallurgy. The announcement follows a year of “st…
Articles by Northern Miner Staff
Madsen to mine at Red Lake
Working to return its namesake mine to production in northwestern Ontario, Madsen Gold (TSE) is planning to extract 40,000 tons of upper-level ore for gold processing in 1995. President James Morlock …
River Gold definition drilling
Results from the eastern-most hole to date proved to be the highlight of surface drilling by River Gold Mines (TSE) at the Eagle River gold project near Wawa, Ont. The intersection encountered 69.86 g…
EDITORIAL PAGE — 1994 retrospective
The stars must have been aligned in strange configurations for much of 1994 — how else to explain the unusual events that took place in the mining industry. Who would have predicted, for example, tha…
New GAC divisions created
The Geological Association of Canada has created three new divisions: the Canadian Geomorphology Research Group (CGRG), Remote Sensing, and Geographic Information Systems (GIS). The objectives of CGRG…
Ontario grant will help export of mining services
The Ontario government will contribute $875,000 to the Canadian Association of Mining Equipment and Services for Export (CAMESE). The funding will form part of the association’s $3.5-million, 5-year b…
TSE INDICES (December 26, 1994)
— 1994 — Dec 20 Dec 19 Dec 16 Dec 15 Dec 14 High Low Composite”300″ 4154.13 4136.75 4118.03 4111.73 4078.85 4609.93 3518.31 Metals&Minerals 4117.63 4120.23 4092.35 4014.54 3930.53 4289.04 3273.56 In…
METAL PRICES — FREE MARKET (December 26, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 20 Dec. 19 Dec. 16 Dec. 15 Dec. 14 Copper 2974-2975 3002-3007 3054-3055 3038-3040 2957-2960 Lead 632.5-633.5 626-628 639-640 634.5-…
Garnet’s the target for Cominco Resources
Garnet mining is expected to begin next summer at the Alder property, 60 miles southeast of Butte, Mont. Owner Cominco Resources International (TSE) estimates reserves are sufficient for 30 years. A c…
Kennecott buys mine interest
An affiliate of Kennecott has bought an interest in Colowyo Coal, a surface mine south of Craig, Colo., which produces about 4 million tonnes annually of low-sulphur, high-Btu coal. Kennecott’s deal, …
Electra takes over Aurora mine
VSE-listed Electra Mining Consolidated has assumed total ownership of the Aurora Partnership heap-leach gold mine near Hawthorne, Nev. It did so by acquiring a half interest through the purchase of al…
INSIDER TRADING — Inter-Rock directors buy and sell shares
Three directors of Inter-Rock Gold (TSE) bought and sold shares in October and November. According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director David Crombie bought…