Greenstone raises project funding
Investors have exercised a series of warrants enabling Greenstone Resources (TSE) to raise $2.2 million. The warrants were issued in conjunction with two rounds of financing completed in mid-1992. The…
Articles by Northern Miner Staff
New legal action against Westminer
A group of Nova Scotian investors representing Cavalier Capital Corp. has initiated legal action against Westminer Canada and six other defendants. The investors claim to have suffered an $8-million l…
Camnor drilling provides encouragement at Willoughby
Drilling by Camnor Resources (VSE) is off to a promising start at the Willoughby gold property 26 km east of Stewart, in northwestern British Columbia. The first hole of this year’s program intersecte…
AMERICAS — Bolivia courts foreign mining investment
As increasing numbers of companies join the exodus to South America, opportunities to obtain properties with high mineral potential are decreasing quickly. This development is particularly true of cou…
AMERICAS — SNC-Lavalin buys interest in ByR
Montreal-based SNC-Lavalin recently signed a purchase agreement for 50% of the ByR Ingenieria y Construccion S.A. of Santiago, Chile. ByR is an engineering-construction company with expertise in minin…
AMERICAS — Talc output in U.S. off 3%
A dozen companies operated 17 talc mines in eight states in 1993, the U.S. Bureau of Mines reports. Most of the domestic talc production was from open-pit mining operations; underground mining was use…
AMERICAS — New Chilean mine for Coeur d’Alene
Historically, Coeur d’Alene Mines (NYSE) has been associated with Idaho and the prolific silver mines of its namesake district in that state. But these days — with operating mines in Nevada and New Z…
AMERICAS — Reclamation of California mercury deposits a
Previous mining of mercury deposits in the northern California Coast Range mercury belt has become the source of environmental geochemical concerns. Occurrence of metals in the surrounding rock, soil,…
AMERICAS — Mining industry faces a growing cost in
According to Statistics Canada, absenteeism will cost Canadian employers more than $10 billion in 1993. Two out of three employers that A. Foster Higgins surveyed at the end of 1992 also indicated tha…
AMERICAS — New York hosts pair of wollastonite miners
Wollastonite has been mined in New York state since the 1940s. The two companies currently mining the mineral in the state are NYCO Minerals and R.T. Vanderbilt. The NYCO deposit in Essex Cty. contain…
AMERICAS — Gibraltar advancing project northeast of
Plans for restarting its open-pit mine at McLeese Lake in east-central British Columbia, as well as ongoing feasibility work on the nearby Mt. Polley project, have not kept Gibraltar Mines (TSE) from …
Inco holds interests in wide portfolio of properties
Realizing that there are other prolific areas for nickel and copper mineralization outside Canada, nickel-producing giant Inco (TSE) has acquired interests in a number of international projects. Inco,…