Inco Alloys reducing staff
The alloys business unit of Inco (TSE) is being reorganized. The workforce of Inco Alloys International (IAI) is to be cut by about 340 people (about 12%) in 1993. In the U.S. and the U.K., IAI produc…
News
GOLD FUNDS (May 10, 1993)
BGR Central Net Value $11.52 $5.63 Price $10.25 $5.75 Discount 11.02% 2.1% Value $64,523,000 $96,739,725…
A-4 pipe yields two stones for Regal
A 47-tonne sample from the A-4 kimberlite pipe near Kirkland Lake, Ont., has yielded two gem-quality diamonds weighing 0.135 and 0.074 carats respectively, reports Regal Goldfields (CDN). Interested o…
Prime reports positive earnings
Net income of $3.4 million was reported by Prime Resources Group (VSE) for the 9-month period ended Dec. 31, 1992. Prime’s 40% share of production from the Snip mine in Northern British Columbia for t…
City Res. for sale
Central Coast Exploration is seeking a buyer for its 48.6% interest in City Resources (Canada) (TSE). The Australian-based company is no longer able financially to support City Resources, whose key as…
EDITORIAL PAGE — Base metals await recovery
It’s nail-biting time for the base metal miners of this country. The big three metals — copper, nickel and zinc — are in deep troughs. Copper, for example, is bumping what miners pray is bottom at U…
ODDS’N’SODS — Mining copper in the Carolinas, Part 1
It was December, 1952, when The Northern Miner announced the remarkable base metal discoveries made by Jim Boylen’s organization in New Brunswick. There ensued the usual claim-staking rush, followed b…
Australia woos Canadian miners
A relatively unexplored greenstone belt in South Australia is expected to attract Canadian companies interested in grassroots exploration opportunities. Susan Daly, a senior geologist with South Austr…
LETTERS TO THE EDITOR — `Unfounded’ conclusions in Seabright
It is most unfortunate that Ian Booth would comment upon a case which is so complex and so obviously out of his league (“Judge finds in Seabright’s favor,” T.N.M., April 5, 1993). Mr. Booth’s conclusi…
LATIN AMERICA ROUNDUP — Teck acquires Arauco shares
Under a share purchase warrant, Teck (TSE) has acquired 31,600 shares of Arauco Resources (VSE), a junior company exploring properties in southern Chile and Argentina. The shares were acquired for “in…
LATIN AMERICA ROUNDUP — Trev discovery in Jamaica
Following up a multi-element geochemical anomaly identified by the Canadian International Development Agency, Trev Corp. (ASE) has discovered high-grade copper mineralization at its Golden Spring prop…
DIAMOND UPDATE — Diamonds spur world-wide activity
Canadian companies continue to explore for diamonds both in Canada and abroad: Northwest Territories: — Fortune Minerals (CDN) has acquired a 50% interest in 20,144 acres in the Lac La Martre area, n…