Ottawa gold selling continues
All that government gold — 12.3 million oz. at the end of March — no longer glitters as it once did. However, despite depressed prices, there’s still a silver lining in those gold bricks gathering d…
Articles by Northern Miner Staff
U.S.REPORT (May 11, 1992)
The sale of subsidiary Tenneco Minerals to Solvay America for US$500 million in cash was announced recently by Tenneco Inc. of Houston. Tenneco Minerals mines and processes trona ore to produce soda a…
LETTERS TO THE EDITOR (May 11, 1992)
In its 1990 annual report, Glimmer Resources stated it has reserves in Hislop Twp. in northeastern Ontario of 1.07 million tons (968,190 tonnes) grading 0.34 oz. gold per ton. When one compares this d…
TORONTO STOCK EXCHANGE INDICES (May 11, 1992)
May 5 May 4 May 1 Apr 30 Apr 29 High Low Composite “300”3364.53 3363.54 3357.06 3355.56 3338.37 4009.47 3009.91 Metals&Minerals 2971.46 2994.56 3002.35 3015.72 3011.14 3453.06 2502.63 Integrated Mines…
Ontario compiles property directory
Ontario’s Ministry of Northern Development and Mines says it will be publishing property directories for each resident geologist’s district to help prospectors market their claims. The service is bein…
Seabee’s mill built with money meant for shopping malls
Claude Resources (TSE) has become involved in a controversy surrounding investment funds set up for would-be Canadian immigrants after running into financing and operational difficulties at its Seabee…
NEWS ROUNDUP (May 11, 1992)
Recent drilling on the Higgins property in New Hampshire has outlined a low-grade sulphide deposit at least 700 ft. in length and 600 ft. in true width, says Morgain Minerals (VSE). Holes 92-5 to 92-1…
M.I.M. bidding to reduce costs
Integrated Australian metal producer M.I.M. Holdings is slashing costs and introducing new technology in a bid to cope with the slump in metal prices, says Chief Executive Officer Norman Fussell. In a…
OBITUARY (May 11, 1992)
William Coughlan, the executive director of the Mines Accident Prevention Association of Ontario (MAPAO) died recently at the age of 59 after a short battle with cancer. A dedicated proponent of healt…
Shipes to try SX-EW at Caribou
A new management team led by Arimetco International (TSE) Chairman Roy Shipes has taken control of Breakwater Resources (TSE), after shareholders of Breakwater approved a debt restructuring plan. Ship…
EDITORIAL PAGE (May 11, 1992)
After 94 years, the Canadian Institute of Mining, Metallurgy and Petroleum is still capable of putting on a remarkable convention and annual meeting for its 12,000 members, but the institute has to gr…
MINER DETAILS (May 11, 1992)
British Columbia’s mining industry and the New Democratic Party traditionally mix like oil and water. The two solitudes clashed when Dave Barrett took power in 1972, and it’s beginning to look like it…