Formosa closes Oregon mine
The Silver Butte mine, near Riddle, Ore., is being closed permanently because of environmental concerns and low copper and zinc prices. Formosa Resources (VSE) is carrying on discussions with state au…
News
NEWS IN BRIEF (January 03, 1994)
Lansco Resource (LNS:VSE) has changed its name to Bomax Resource (BXS:VSE) on a 1-new-for-10-old-share basis.
Equinox merger
The directors of Hecla Mining (NYSE) have approved a merger with Equinox Resources (TSE). Each company has satisfactorily completed its due diligence review, though the proposal is still subject to ex…
Sutton placement
A private placement of 316,305 units at $25.50 each will net Sutton Resources (VSE) about $8.1 million. Each unit includes a share, plus a 2-year purchase warrant exercisable at $25.50 in the first ye…
Sask. okays two other projects — Midwest dead for now
There was mixed news from Saskatchewan as the provincial government announced its decision on the development of three proposed uranium mines in the north. Environment and Resources Minister Berny Wie…
EDITORIAL PAGE — Strapped for cash
As if Denison Mines werent up to its eyeballs in alligators already, the provincial governments in Ontario and Saskatchewan have unleashed a few more of the critters on the hapless company. The Ontari…
Applicants sought for CEA awards
The Canadian Exporters Association (CEA) wants to honor Canadian companies contributing to international development in Africa, Asia, Latin America and the Caribbean. The 1994 Canadian Awards for Inte…
Copper concentrate market turnaround focus of study
The dramatic turnaround in the copper concentrate market is partly the result of large shipments in 1992 to the former Soviet Union and increased buying by China. So says Brook Hunt & Associates of th…
ODDS’N’SODS — A most dangerous assignment at the Granduc
On learning of the recent demise of William Bill Pryde, I recalled a hair-raising venture which I shared with him at the Granduc mine site in 1965. A climax avalanche swept over the Leduc Portal camp …
1993 A LOOK BACK — Chibougamau production for MSV
After acquiring the Copper Rand and Portage gold-copper mines near Chibougamau, Que., in late February, MSV Resources (ME) returned the properties to production. MSV bought the mines and a 3,000-ton-p…
1993 A LOOK BACK — Tough year for Curragh
It was a tough year for Curragh (TSE), which had to cease production in early April at its Faro lead-zinc mining operation in the Yukon. Deteriorating metals markets played havoc with Curraghs balance…
Diamond play gains credibility in 93
If 1992 was the year diamond fever swept Canada, 1993 will be remembered for the solid exploration results that made even diehard skeptics concede that this country may soon have its first diamond min…