COMMENTARY — Nuclear industry expectations
Since 1990, the demand for new nuclear capacity in Canada has diminished as a result of the economic recession, and heightened energy conservation by industry and consumers. Major utilities such as On…
Articles by Northern Miner Staff
PEOPLE — OLYMPIC RESOURCES
Theodore Konyl appointed director.
Assessment work allocation changes proposed
If proposed changes to Ontario’s Mining Act become law, claim-stakers with small blocks of ground will gain an advantage and those who stake large blocks will lose one. Exploration expenses on a block…
Investing in Latin America
The Canadian Council for the Americas (CCA) will host a 2-day conference Feb. 10-11 in Toronto on investing in Latin America. The conference is titled “Mining Investment in Latin America: A view from …
DIAMOND PAGE — Ashton uncovers small kimberlite body in
A small kimberlite body in the Crystal Falls area of southwestern Michigan has been uncovered by Ashton Mining of Canada (TSE). The company has a 51% interest in the project. President David Hurburgh …
Altai buys stake in gas permits
Toronto-based Altai Resources (TSE) has acquired interests in four permits in the Lac St. Pierre natural gas and gas storage joint venture, east of Montreal, Que. A 71% interest in three permits total…
STOCK MARKETS — Gold price stalls; TSE 300 index in slide
Gold, which seems to be having trouble cracking the US$400-per-oz. mark, pulled back this week. Entering our report period at better than US$390, the yellow metal was sitting at US$381 in London at pr…
Spot prices at a glance (January 31, 1994)
Week’s Price (US) Change Gold* $381.00 – $11.70 Silver* $ 5.08 – $0.24 Platinum* $380.60 – $12.90 Nickel** $ 2.59 – $0.04 Lead** $ 0.23 $0.00 Copper $ 0.83 – $0.02 Zinc $ 0.45 – $0.01 Courtesy of Scot…
Correction (January 31, 1994)
The substantial liabilities attributed to Milner Consolidated Silver Mines (ASE) (T.N.M., Jan. 17/94) were incorrect. Milner has a working capital of $1.7 million and Minerales de Copan S.A. de C.V. h…
William options Transvaal project
Montreal-based William Resources (ME) has an option to acquire the Malmani gold property in the South African province of Transvaal. The deal is with Braeside Investments of the United Kingdom. Willia…
AMR buys another rare earth factory
Having acquired 60% of a rare earth plant in China last year, Advanced Material Resources (ASE) has bought an 80% joint-venture stake in another such factory in the same country. The former project is…
Bema converts debt to equity
By converting its debt to equity, Bema Gold (TSE) significantly improved its financial position in 1993. Convertible debentures totaling $15.8 million were swapped for equity, and a further 1.1 millio…