News

The dissolution of the Soviet Union brought with it an end to the Cold War. This was cause for celebration around the world. However, few people could have predicted the severe consequences such a dev…

The former chairman of Phelps Dodge was named the eighth recipient of the Distinguished Service Award of the American Mining Congress (AMC). George Munroe will be presented with the award at the Jan. …

Following the completion of a $1.8-million rights offering, United Reef (TSE) plans to resume work on its Bamingui-Bangoran diamond project in the Central African Republic. The funds will be used to c…

Among gold mining companies, Placer Dome (TSE) is the largest of the Canadian-based producers. Its global output in 1993 was about 1.8 million oz., a total it is expected to match or better for many m…

It was a tough year for base metal producer Cominco (TSE) and, according to most analysts, 1994 is not likely to be much better. Year-end results are not yet in, but for the nine months ended Sept. 30…

Under a conditional agreement, Takla Star Resources can acquire two gold properties totaling 27,020 hectares, in Bolivia. The Alberta-listed company also has an option to acquire exploration and devel…

Australian mining giant BHP intends to proceed with its Hartley platinum project in Zimbabwe, which will be developed in partnership with Delta Gold, also of Australia. BHP will spend A$310 million (U…

A newcomer to the Canadian Dealing Network, Pangea Goldfields, has wasted no time in catching investors’ interest. Having first listed on the exchange in early January at $1.85, the company’s shares s…

A patent for a new magnetic mapping technique has been granted by the U.S. Patent and Trademark Office to Texaco. The technique, known as STARMAG, can be utilized by mineral and energy companies alike…

— 1994 — Jan 18 Jan 17 Jan 14 Jan 13 Jan 12 High Low Composite”300″ 4561.90 4544.24 4489.14 4479.90 4454.69 4561.90 4286.54 Metals&Minerals 3724.61 3687.85 3620.74 3615.81 3605.57 3736.84 3495.59 In…

Michael Werner appointed president and director.

Charles McMillan appointed director and chairman; John McKimm appointed president, chief executive officer and director.