NEWS IN BRIEF (July 25, 1994)
Levi Developments (LVX:VSE) has changed its name to RIS Resources International (RIZ:VSE) on a 1-new-for-6-old-share basis.
Articles by Northern Miner Staff
High taxes, land-tenure uncertainty stunts B.C. mining
High taxation levels and uncertainty surrounding access to land and mineral tenure are stunting the growth of British Columbia’s mining industry, according to a report by Price Waterhouse. For each of…
METALS COMMENTARY — Scrap leads pack as recovery continues
The fast pace of economic activity during the first half of 1994 looks set to continue at least for the balance of the year. In ferrous markets, integrated steel producers are taking all available iro…
Bre-X encouraged by drill results
Exploration of three projects in Indonesia is yielding encouraging results for Bre-X Minerals (ASE). At the Busang prospect in East Kalimantan (on the island of Borneo), two holes drilled into the Sou…
Positive results at Cross mine
Drilling and channel sampling are continuing at Hendricks Minerals’ (CDN) Cross gold-silver mine near Boulder, Colo. Two undeground and four surface holes have been drilled to test the downdip extensi…
COMMENTARY — Mining opportunities abroad
During the past five years, government policies have made it increasingly unattractive for mining companies to explore for and develop deposits in Canada, according to a brokerage firm based in the Un…
OBITUARY — Douglas MacIntyre
The town of Kirkland Lake, Ontario is mourning the death of a valued member of the community. Douglas MacIntyre, president of Alex MacIntyre and Associates Ltd., died at the age of 41 years as a resul…
Inco debenture offering grows
The size of a debenture offering (T.N.M., June 27/94) being made by Inco (TSE) in the U.S. has grown to US$172.5 million from US$150 million. Underwriter Morgan Stanley has exercised its option to buy…
TORONTO STOCK EXCHANGE INDCES
— 1994 — Jul 12 Jul 11 Jul 8 Jul 7 Jul 6 High Low Composite”300″ 4131.72 4103.94 4098.98 4079.87 4043.37 4609.93 3518.31 TSE 100 Index 249.83 248.21 247.96 246.78 244.28 277.47 238.43 Metals&Mineral…
Blue Emerald gets B.C. opal property
A Toronto-based junior has acquired a 108-claim opal property in the Vernon area of British Columbia. In return, Blue Emerald Resources (VSE) must issue the vendors 100,000 shares and pay $60,000 cash…
Two miners killed at Eagle Point
Two miners were killed at the Eagle Point uranium mine in northern Saskatchewan when a large piece of rock fell off the side wall. Project operator Cameco (TSE) closed the underground area pending an …
DIAMOND PAGE — NorthernEra merger on hold pending Tli Kwi
Commercial production of silica is under way at the property of Ressources Temisca (ME) in St-Bruno-de-Guigues, Que. President Gilles Fiset says his company has a plant on site with annual capacity of…