Matachewan awaits verdict in tailings trial
Unable to afford a lawyer to defend himself or his company against charges related to an October, 1990, tailings spill in northeastern Ontario, Matachewan Consolidated Mines (TSE) President Richard Mc…
Articles by Northern Miner Staff
Bethlehem sees Goldstream progress
The Goldstream underground copper mine near Revelstoke, B.C., is expected to show improved results over the coming year. In operation since its reactivation in May, 1991, the mine produced 21.6 millio…
Canadian nickel producers look abroad to add capacity
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…
SEC requirements delay vote on Madeleine reorganization
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…
STOCK MARKETS (June 22, 1992)
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…
PEOPLE (June 22, 1992)
Norm Bonin appointed director and president.
Petrina hands in resignation, Placer Dome seeks new CEO
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…
Enviable Ontario safety record enviable injury rate
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…
Tri Origin hits base metals, gold
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…
Cameco cuts staff, buys partner
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…
Kangaroo coin top seller in ’91
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…
Goldbelt set to close Comptoir acquisition
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…