Copper slump forces Arimetco to trim
Flagging copper prices have prompted Arimetco International (TSE) to cut costs. Staff at the Tucson office was reduced by 20%, company cars were eliminated and officers suffered salary cuts. Indeed, C…
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Orvana drilling
Drills are turning at the Butte Highlands gold property, 15 miles south of Butte, Mont. Orvana Minerals (TSE) hopes to expand the resource in the Nevin Hill area from the previous preliminary estimate…
Coal producers call for tough action on taxes
A persistent bunch, Canadian coal producers are renewing pleas to various levels of government as part of an ongoing effort to reduce taxes levied against them. A recent study by the Coal Association …
Bolivar set to begin $5-m field programs
Vancouver-listed Bolivar Goldfields will use proceeds from a $7.5-million financing to expand exploration in Venezuela’s Bolivar state. Activity will be focused on the gold districts of El Callao, Chi…
DIAMOND PAGE — Dia Met clarifies media reports on Lac de
The Lac de Gras region of the Northwest Territories received some international attention recently as BHP held its annual meeting in Melbourne, Australia. A news service reported BHP Chairman Brian Lo…
Diamond Fields raises $5 million
A brokered private placement of 1.5 million special warrants at $3.40 each will net Diamond Fields Resources (VSE) just under $5 million. The issue replaces a financing which the company was forced to…
STOCK MARKETS — Gold remains stable amidst more Russian
One might have expected rather dramatic rumblings in the gold market this report week, when Russian President Boris Yeltsin’s tanks blasted holes in the Russian parliament buildings to end a week-old …
Athabaska, Ramrod and Gitennes jubilant as Damoti Lake
Drilling at the Damoti Lake project, 150 km north of Yellowknife, N.W.T., has returned a 10-metre intersection grading 16.26 grams gold per tonne in Hole D-5. Consolidated Ramrod Gold (TSE) is earning…
MAC `ambassadors’ determined to keep mining in Canada
As the federal election heats up, Canadians whose livelihoods are tied to mining should ask their riding candidates what they intend to do — if anything — to keep the industry in Canada. That is the…
Metall acquires smelting assets
Toronto-based Metall Mining (TSE) has bought certain copper smelting and refining assets from controlling shareholder Metallgesellschaft of Germany in a deal worth $171 million. Metall acquired a 35% …
Nfld. Goldbar expands gold zone
Drilling by Newfoundland Goldbar Resources (CDN) on its Glover Island property in west-central Newfoundland returned significant gold values over wide widths. Three holes were drilled on 300-ft. stepo…
EDITORIAL PAGE — Taken for granted
It seems that too many Canadians see only the benefits of a world in which mining and its “loathsome” Windy Craggys are absent. It would be true, for example, that the world would be a quieter place w…