News

Murray Provost and Bruce Horner appointed directors.

A seat on the New York Mercantile Exchange (Nymex) has sold for a record US$425,000. The previous high of US$400,000 was set in December. The commodity exchange, a major dealer in oil futures and opti…

Mineral Park Mining (MPK:VSE) has changed its name to IMP Industrial Mineral Park Mining (IME:VSE) on a 1-new-for-4.5-old-share basis. The transfer agent is Pacific Corporate Trust Co.

Darryl Drummond appointed director and vice-president, explorations.

Charles Bruce appointed director.

James Yates appointed president and director; Robert Quartermaine and H. Gill appointed directors.

James Clubb, Timothy Unwin and James Beckerleg appointed directors; Brian Sutton appointed chief operating officer and director.

Two studies by Brazil’s national mining department indicate a sharp decline in garimpeiros activity. The U.S. Bureau of Mines reports that the number of garimpeiros in Brazil has fallen to 400,000 fro…

The geology department of Laurentian University in Sudbury, Ont., and the Ontario Geological Society (OGS) will establish a co-operative graduate Mapping School program. The program is intended to tra…

Money markets continued to improve during the week, but declines in the metals and minerals and gold subgroups lead to a drop in the composite index. On April 12, the central bank rate tumbled 37 basi…

Further drilling is planned on the Taysan West zone at the Taysan copper-gold project in the Philippines. Chase Resource (TSE), which has an option to earn up to a 67% interest in the Philippine compa…

Toronto-listed junior Altai Resources is negotiating with a Canadian mining group to put the placer portion of the Chimu project into production in late 1994. The placer project lies adjacent to the R…