Noranda managers sell shares
Fifty senior managers at Noranda (TSE) have sold 1.6 million common shares at $20.50 per share through the Toronto Stock Exchange to raise $32.8 million. They used about $30 million of the proceeds to…
News
Ads slam mining — Mean, green offensive targets Crown Jewel
“They take the gold. We keep the cyanide.” So warns a full-page advertisement in the April 12 issues of The Spokesman-Review and The New York Times (western edition). It is the latest blow in an attac…
Exall completes sampling on Mexican polymetallic bet
An underground sampling program has been completed on Exall Resources’ (TSE) La Verde Grande property in Sonora, Mexico. Sampling on the upper level of the old mine returned values of 1.13% copper, 3….
Labour Board rules on Giant
The Canada Labour Relations Board has dismissed an application for certification by an independent association seeking to displace the union representing workers at the Giant mine outside Yellowknife,…
Rio Algom options Lockwood play
A recent letter agreement allows a unit of Rio Algom (TSE) to earn an interest in the Lockwood property, a volcanogenic massive sulphide prospect near Everett, Wash. The 5-sq.-mile property is on leas…
LATIN AMERICA ROUNDUP — Mexican mines ministry eases
The Ministry of Energy, Mines and State Industry (SEMIP) in Mexico has lessened the amount of paperwork through which mining companies must wade. Paradoxically, doing so has entailed the use of still …
Louvem completes financing
Montreal-based Louvem Mines (TSE), a subsidiary of St. Genevieve Resources (TSE), has completed a $700,000 private placement with a group of four investors. Pursuant to the placement, Louvem will issu…
Kalahari drills large anomalies
Kalahari Resources (VSE) has re-entered a 2,036-ft. hole drilled seven years ago on a 25-sq.-mile magnetic anomaly in Quebec’s Eastern Twps. To test the source and base metal potential of the anomaly,…
Junior takes on Armenian venture
A junior company is being granted exploration and mine development rights covering the whole of Armenia, an area of almost 30,000 sq. km. If the assignment agreement is approved by regulators, Rome Re…
ODDS ‘N’ SODS — Anne Evelyn Wilson: a heroine to Canadian
Women working in geology today may think they are pioneering in a predominantly male field. But the real pioneer was from an earlier generation. Canada’s first female geologist was Alice Evelyn Wilson…
LETTERS TO THE EDITOR — Assay accuracy not linked to cost
It is disappointing to see that, for some, cost of analysis is still the indicator of the accuracy of that analysis; that is, the more it costs, the better the result must be. I refer to the front-pag…
Stable copper market projected
Copper consumption in the Western world will continue to grow around 2% per year during the decade. We (Phelps Dodge) see the strongest growth coming from the Far East as infrastructure needs continue…