News

Higher molybdenum and copper prices last year enabled Cyrus Amax Minerals (NYSE) to report earnings of US$175 million (or US$1.69 per share) on revenues of US$2.8 billion. That compares with earnings …

Several positive factors — improved sales and production volumes, higher base metal prices and a favorable exchange rate — helped Cominco (TSE) report net income of $132.1 million for 1994, compared…

Preliminary development is under way at the Mammoth mine in the Tintic mining district near Salt Lake City, Utah. The rehabilitation of underground tunnels from the 300-ft. level to surface is allowin…

Instrument maker Scintrex has received new orders worth $4.6 million in total. The Concord, Ont.-based company says its orders include $2.8 million for geophysical instrumentation, $1 million for port…

The Ontario Ministry of Northern Development and Mines will provide a grant of $10,000 to Science North in Sudbury, Ont., for a special event celebrating the science and technology being developed and…

The global mining scene as viewed by an international contractor will form the basis of an address at the Feb. 16 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Pet…

Now that the board of directors of Amax Gold (NYSE) has flashed a green light for the Fort Knox gold project, negotiations for financing are under way. Situated 15 miles northeast of Fairbanks, Alaska…

Despite the increasingly complex regulatory environment, it is still possible, after considerable patience and perseverence, to permit a new mining operation in the U.S. For proof, one need look no fu…

Michael Knuckey appointed president and chief executive officer.

Richard Hutchinson appointed director.

R. Hutchinson and Hugh Snyder appointed directors.

James Carter appointed executive vice-president.