Trillion buying half interest in Zimbabwe mine
A 50% interest in Jena Mines Ltd., which operates a small gold mine in central Zimbabwe, is being acquired by Trillion Resources (ASE). The purchase, subject to regulatory approval, is being made thro…
Articles by Northern Miner Staff
Refurbishing job at Queen’s labs
Refurbished undergraduate laboratories used by mining engineering students at Queen’s University in Kingston, Ont., were officially opened March 5. Nickel producer Inco Ltd. donated $1 million toward …
Con chalks up record output of 123,000 oz.
A production record of 123,000 oz. gold was set in 1991 by a unit of Nerco (NYSE) at its Con gold mine on the outskirts of Yellowknife, N.W.T. The Canadian operation was the largest contributor to Ner…
Growth prospects for coal industry
In a recent report, Coal in Canada, the Canadian Energy Research Institute in Calgary reviews the history and current status of Canada’s coal industry. While coal is both an important source of domest…
PRODUCER PRICES (March 09, 1992)
ALUMINUM: MW U.S. market US58.75-60.50 cents per lb. (Feb. 20, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CAD…
Falconbridge cuts 1992 exploration budget by 20%
Toronto-based Falconbridge plans to spend $40 million on exploration in 1992, compared with $50 million in 1991. Grassroots funds will be directed mainly at projects in Ontario and Manitoba, including…
Jordex boosts Hushamu reserves
With the recent completion of a 16,000-ft. drilling program on the Expo property on Vancouver Island, Jordex Resources (VSE) estimates that minable open pit reserves in the Hushamu deposit have jumped…
NEWS ROUNDUP (March 09, 1992)
The transfer of the majority interest in an Australian uranium project is expected to net Denison Mines (TSE) about $25 million, the company says. The purchaser is not named but Denison said the trans…
GUEST COLUMN (March 09, 1992)
The Northwest Territories government is preparing to take a proposal to Ottawa for the conversion of all territorial mineral and petroleum rights to the use of the northern peoples. “We get most of ou…
MINER DETAILS (March 09, 1992)
This issue of The Northern Miner marks the beginning of our 78th year of continuous publication. There have been a lot of changes over those years and there are more in store as we respond to our read…
Asarco drops Frasergold after spending $3.4 million
After spending $3.4 million on exploration during the past two years, a unit of Asarco (NYSE) recently dropped all rights to earn an interest in the Frasergold property under the terms of a 1990 optio…
Vancouver Stock Exchange (March 09, 1992)
Investors on the VSE are showing a bias for non-resource issues, but despite this trend, the VSE resource index managed an 11.48-point gain to 530.27 during the week ended March 3. The composite index…