Abermin bankruptcy unavoidable
Cash-strapped Abermin (TSE) recently announced bankruptcy under provisions of the Bankruptcy Act with Deloitte & Touche appointed as trustees. Company management had attempted for some time to refinan…
Cash-strapped Abermin (TSE) recently announced bankruptcy under provisions of the Bankruptcy Act with Deloitte & Touche appointed as trustees. Company management had attempted for some time to refinan…
Current research at the Technical University of Nova Scotia (TUNS) Mining Engineering Dept. will soon determine the potential of anhydrite, the dehydrated form of gypsum, for use as an alternative bin…
In July, 1986, Ontario Premier David Peterson announced that the Toronto offices of the Ministry of Northern Development and Mines, with the Ontario Geological Survey (OGS) in tow, was to be boxed and…
A joint venture agreement has been signed between Epoch Capital (VSE) and Noranda (TSE) to explore the Burnt Pond base metal property in central Newfoundland. Under the terms of the agreement, Noranda…
Denver-based MinVen Gold (TSE) has written down the carrying value of its Blackdome gold mine near Clinton, B.C., and is also looking to sell its one-third interest in the Golden Reward mine near Lead…
Bailey Controls Group, through parent Elsag, has acquired a controlling interest in the Industrial Controls Division of Schlumberger Industries of France. A new company, Bailey SEREG, has been formed …
Long ago stamp mills gave way to more refined crushing units. Today, there is a full range of primary and secondary crushing systems. Cone crushers for the mining industry are generally relegated to s…
Northfield Minerals moved up 20 cents to $1.70 after announcing it has finalized a deal to acquire control of the Cheminis gold mine property near Kirkland Lake, Ont. An underground development and ex…
Not much has changed here in at least the past 10 years, and it certainly doesn’t look like a boom town. Nevertheless, Levack, Ont. is the hot-bed of mine building in Canada today. More money is being…
Recently you published an article regarding the possibility of new opportunities for Canadian mining companies in Latin America (T.N.M.,March 19/90). With the largest investment in Latin America of an…
News that Naxos Resources is acquiring an 80% interest in some placer gold properties on Thibert Creek near Dease Lake, B.C., for $725,000 helped boost that company’s share price by 70 cents to close …
Bow Valley Industries (TSE), the Calgary-based oil and gas company which is developing a high- grade uranium project in Saskatchewan with Denison Mines (TSE), had a profitable year in 1989. Net income…
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