Environmental cleanup could cost $7 billion
Repairing the damage caused by mining companies to the environment and developing the technology to ensure compliance with new environmental legislation will have a serious financial impact on the ind…
Articles by Northern Miner Staff
Little relief seen from industry downturn
The Canadian diamond drilling industry has plunged into another economic downturn and things could get worse before they get better. Tim Bremner, general manager of Logan Drilling and outgoing preside…
Bethlehem, Goldnev plan to merge; An agreement in principle has
Both companies recently appointed independent consultants to prepare a fairness opinion for the proposed merger, specifically to determine a share exchange ratio. The principal assets of the two compa…
IOCC GOLD OPTIONS (May 21, 1990)
Options Open Series Volume Last Interest May 370 C 65 1.50 218 Aug. 380 C 319 9.00 403 Aug. 390 C 144 5.50 689 Aug. 400 C 142 3.60 1,537 Aug. 410 C 433 1.80 687 Aug. 440 C 49 0.50 1,487 Nov. 390 C 61 …
Crown drops Goldfields option
After completing a due diligence review, Crown Resources (VSE) has dropped its option to acquire a package of properties and equipment from Nevada Goldfields (TSE). The transaction was valued at about…
Gammon seeks a balance for Ontario
hile Ontario’s new Mining Act will come into force next year, regulations for the act are still being generated. Leader of the team responsible for the task is John Gammon, 49, director of the Mineral…
Ocean Drilling to take place off B.C.’s coast
The Ocean Drilling Committee (ODC), an international research body, plans to drill a base metal deposit off the coast of British Columbia next summer. The drilling plan was announced by Jake Epp, fede…
EDITORIAL Labor costs in S.A.
Gold miners in the world’s largest gold producing country, the Republic of South Africa, have always received a much lower wage than their counterparts in Canada. As bargaining gets under way this yea…
Ican in Colorado
Calgary-based Ican Minerals (TSE) has signed an agreement to earn a 50% interest in a gold property owned by Santa Fe Pacific Mining in Colorado. Known as the White Rock property, the claims host a po…
GOLDFUNDS2 (May 21, 1990)
MVP BGR Central Capital Net value $10.95 $5.79 $0.34 Price $9.50 $5.750 $0.20 Discount 13.24% 0.7% 41.2% Value $65,219,024 $96,739,725 N/A…
Akiko options two Ontario gold bets
Vancouver-based Akiko-Lori Gold Resources (VSE) has reached an agreement in principle with Gold Fields Canadian Mining to earn a 50% stake in two gold prospects situated south of Kirkland Lake in nort…
Bouchard’s `Green Plan’ fails to address environmental issues
Hidden assumptions can play havoc with person-to-person communication, and unstated premises buried in an ostensibly neutral question can predetermine the answer. These faults are, regrettably, all to…