Lac inherits bounty from Bond
When Lac Minerals (TSE) shelled out $10 per share, or US$378.8 million, for a controlling interest in Bond Gold in 1989, many believed the gold producer had paid too dearly to boost its output and exp…
Articles by Northern Miner Staff
LETTERS TO THE EDITOR — Accidents not fault of workers
I am concerned that your article “Improper motivation main cause of accidents” (T.N.M., June 7/93) may leave readers with the mistaken impression that the Mines Accident Prevention Association of Onta…
MVP Capital to issue $1m in bonds
A Swiss securities dealer has agreed to buy $1 million in convertible bonds and warrants from MVP Capital (TSE). MVP plans to use $500,000 of the proceeds, together with $500,000 already advanced to D…
Wollastonite glut a growing concern
Total annual production of wollastonite could approach 500,000 tonnes by 1995, according to a report from Roskill Information Services of London, England. Consequently, world demand could be exceeded …
EDITORIAL PAGE — Environmentalists lay final claim to Windy
Windy Craggy is now dead. But let’s get it straight. It was a victim of politics, not its inherent environmental problems. All the environmental difficulties related to mining the huge copper deposit,…
Crown to explore Argentinian play
Denver-based Crown Resources (TSE) has applied for exploration rights covering more than 200,000 acres in three provinces of northwestern Argentina. The ground covers extensions of the two largest kno…
SouthernEra’s Jennings bullish on Quebec’s Le Tac area
Ontario and Quebec * The Le Tac area of Quebec could become the next Lac de Gras, according to SouthernEra President Christopher Jennings who addressed shareholders at the annual meeting. “Quebec may …
Tax change affects diamond exploration
The minister of Energy, Mines and Resources Canada (EMR) and the finance minister are retroactively altering the income tax rules relating to diamond exploration. Effective Jan. 1, 1993, all diamond d…
LETTERS TO THE EDITOR — Cave-in research yields valuable
I have waited for a follow-up to the article “Cave-ins occur despite precautions” (T.N.M., Sept. 7/92), expecting some experienced mining engineer to lend a hand to those groping in the dark for the a…
Gold coin sales on the upswing
Global sales of five leading international gold bullion coins increased by 56% during April and May compared with last year, the World Gold Council reports. Sales during the two months represented 270…
EDITORIAL PAGE — Currency turmoil, inflationary fears seen
At the present rate of progress, it will not be long before the Japanese yen is worth a whole American cent. The reason for the soaring yen is clear: a surplus on the current account of Japan’s balanc…
Eastern Stone buys Belrose interest
Toronto-based junior Eastern Stone Products (ASE) has arranged to buy the remaining 25% interest in Belrose Minerals in exchange for 500,000 Eastern common shares. Upon completion of the deal, Eastern…