News

Timothy Green, author of The World of Gold, has kept a close eye on gold markets for much of the past three decades. That was a relatively easy task years ago, he says, when it was a straightforward p…

Geophysical and soil geochemical surveys are in progress on the Buchans base metal property in west-central Newfoundland. Current owner Thunderwood Resources (TSE) reports that the property hosted the…

New York-listed Santa Fe Pacific Gold is set to acquire the Bob Creek gold property in Nevada’s Eureka Cty. To do so, it must spend at least US$150,000 on exploration over the next 12 months, and prog…

Nickel giant Inco (TSE) is moving ahead with plans to advance McCreedy East, its largest undeveloped nickel-copper deposit in Ontario’s Sudbury Basin, to the production stage. The first phase of devel…

U.S. Interior Secretary Bruce Babbitt has been a vocal critic of the 1872 Mining Law on the grounds that the statute allows mining companies (even foreign ones) to buy government land for a mere US$5 …

The DC-3 airplane emerged from the Second World War as a fitting work-horse and as a useful machine for the years of civilian development that followed. Time would see this marvelous craft straddling …

Ontario government funding totaling $1.2 million has been awarded to Malette Granite of Iroquois Falls to help establish a granite processing plant and to hire and train employees. A $500,000 term loa…

For centuries, one of the biggest dangers in mining has stemmed from the potential instability of the openings in which miners work. Often, the collapse of these structures is attributed to a phenomen…

The Toronto Stock Exchange (TSE) has named Rowland Fleming as its new president and chief executive officer (CEO). Fleming, 51, becomes the exchange’s 60th president in its 133-year history, succeedin…

A pair of lobbying groups in the U.S. — the American Mining Congress (AMC) and the National Coal Association (NCA) — plan to merge. Named to head the new mining organization is Richard Lawson, who i…

Week’s Price (US) Change Gold* $385.50 + $1.15 Silver* $5.19 – $0.01 Platinum* $414.40 + $3.40 Nickel** $3.50 + $0.13 Lead** $0.31 + $0.01 Copper $1.30 + $0.07 Zinc $0.54 + $0.02 Courtesy of Scotiaban…

Drilling is planned for early 1995 at the Hill End gold project in Australia, Nugget Resources (ASE) reports. The junior, which recently completed a $525,000 initial public financing to gain a listing…