AMERICAS — NEWS IN BRIEF
Nautilus Resources (NUT:VSE) has changed its name to New Leather on a 1-new-for-3-old-share basis.
News
AMERICAS — Royal Oak puts exploration focus on Porcupine
The Porcupine camp in northern Ontario will eat up the lion’s share of the 1994 exploration budget of Royal Oak Mines (TSE). Of the $6 million that is earmarked for exploration, almost $4 million will…
Montanore drops property option
Noranda Minerals, a U.S. subsidiary of Noranda (TSE), reports that an option held by Montanore Reserves to reacquire a 45% interest in the Montanore silver-copper project expired July 29. As a result,…
Camnor drilling provides encouragement at Willoughby
Drilling by Camnor Resources (VSE) is off to a promising start at the Willoughby gold property 26 km east of Stewart, in northwestern British Columbia. The first hole of this year’s program intersecte…
AMERICAS — SNC-Lavalin buys interest in ByR
Montreal-based SNC-Lavalin recently signed a purchase agreement for 50% of the ByR Ingenieria y Construccion S.A. of Santiago, Chile. ByR is an engineering-construction company with expertise in minin…
AMERICAS — Bolivia courts foreign mining investment
As increasing numbers of companies join the exodus to South America, opportunities to obtain properties with high mineral potential are decreasing quickly. This development is particularly true of cou…
AMERICAS — Talc output in U.S. off 3%
A dozen companies operated 17 talc mines in eight states in 1993, the U.S. Bureau of Mines reports. Most of the domestic talc production was from open-pit mining operations; underground mining was use…
AMERICAS — New Chilean mine for Coeur d’Alene
Historically, Coeur d’Alene Mines (NYSE) has been associated with Idaho and the prolific silver mines of its namesake district in that state. But these days — with operating mines in Nevada and New Z…
AMERICAS — New York hosts pair of wollastonite miners
Wollastonite has been mined in New York state since the 1940s. The two companies currently mining the mineral in the state are NYCO Minerals and R.T. Vanderbilt. The NYCO deposit in Essex Cty. contain…
AMERICAS — Reclamation of California mercury deposits a
Previous mining of mercury deposits in the northern California Coast Range mercury belt has become the source of environmental geochemical concerns. Occurrence of metals in the surrounding rock, soil,…
AMERICAS — Mining industry faces a growing cost in
According to Statistics Canada, absenteeism will cost Canadian employers more than $10 billion in 1993. Two out of three employers that A. Foster Higgins surveyed at the end of 1992 also indicated tha…
AMERICAS — Gibraltar advancing project northeast of
Plans for restarting its open-pit mine at McLeese Lake in east-central British Columbia, as well as ongoing feasibility work on the nearby Mt. Polley project, have not kept Gibraltar Mines (TSE) from …