Market developments involving nickel are causing mixed reactions. Cominco is preparing new facilities at its Glenbrook ferronickel plant in Oregon to receive nickel ore from New Caledonia and increase…
Shareholders, who were scheduled to vote on a proposed reorganization of Madeleine Mines (TSE) at the company’s annual meeting June 25, will have to wait until management has complied with U.S. securi…
Markets were mixed during the period ended June 16, but a bright spot was gold managing to edge above US$340 per oz. to finish at the US$342 level. The Vancouver Stock Exchange resource index closed u…
Norm Bonin appointed director and president.
The board of Placer Dome (TSE) is seeking a new president and chief executive officer to replace Tony Petrina who recently announced he will resign in mid-September. A mining engineer, Petrina rose th…
Ontario’s Mining Week, June 1-7, was overshadowed by the explosion at the Westray coal mine of Curragh Inc. in Nova Scotia that killed 26 miners a month earlier. The disaster focused attention on Onta…
A 170-metre stepout hole at Tri Origin Exploration’s (TSE) Lewis Ponds property in southeastern Australia has intersected a 20.5-metre interval with encouraging base and precious metal values. Hole TL…
Saskatchewan-based Cameco (TSE) recently announced two separate developments designed to enhance its position as supplier of 10% of western world uranium. President Bernard Michel said Cameco has elim…
The Kangaroo Nugget gold bullion coin of Australia was the top-selling gold coin in the world in 1991. The World Gold Council, an international association of major gold producers, reported that the A…
Robert Swenarchuk, a spokesman for Goldbelt Resources (VSE), said the company expects to complete the acquisition of Comptoir International du Commerce by July 1. Comptoir, a Luxembourg company, has a…
Calgary-based Keylock Resources (ASE) says it has agreed to form a joint venture with Czechoslovakia’s state mining company, Rudne Bane. Under a 50-50 partnership, the two companies will evaluate all …
Without any hard information to feed on, Toronto Stock Exchange issues involved in the Lac de Gras diamond play lost some momentum during the week ended June 16. Nervous investors have been told not t…
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