EDITORIAL PAGE — Taking risks
Inco Ltd. has made a lot of right moves over the years but, as has any company that plays such a dominant role within its industry, it has made a few boners, too. Each story, told and re-told, has com…
News
LETTERS TO THE EDITOR — Economic recovery needs
Today, the WNW Prospecting Syndicate, a venture funded by the Ontario Prospectors Assistance Program, began stripping overburden from a showing in the Geraldton, Ont., gold area. The Ministry of Natur…
Dignitary to showcase Australia at CIM lunch
Globe-trotter Sir Arvi Parbo will give a talk on Australia’s minerals industry at an Oct. 22 luncheon in Toronto’s Royal York Hotel. His speech will address such topical issues as land rights, sustain…
MINING IN MEXICO — Scotiabank buys into financial group
The Bank of Nova Scotia (known also as Scotiabank) agreed this past summer to invest US$75 million to acquire a 5% interest in Mexico’s fourth largest financial group, Financiero Inverlat, S.A. The Ca…
MINING IN MEXICO — PROJECT ROUNDUP — Hillsborough in
Toronto-based Hillsborough Resources (TSE) recently signed a joint venture agreement with Industrias Luismin S.A. de C.V. of Mexico City to provide mine engineering and contracting services in Mexico….
Sweden selling mineral rights in effort to increase activity
Sweden will put its state-owned mineral rights on the international block following a resolution that all exploration ventures managed by the government should be discontinued. Until recently, the Sta…
MINING IN MEXICO — Teck plans Mexican drill programs
Active in Mexico the past two years, Vancouver-based Teck (TSE) recently set up a wholly owned subsidiary, Minera Teck, S.A. de C.V., through which it will channel exploration funding and own properti…
Minerva evaluates La Conquista
Despite tough market conditions, Minerva Gold Mines (VSE) is continuing to evaluate the La Conquista property which consists of seven claims within the boundaries of the producing San Martin mine in t…
INSIDER TRADING — Hillsborough insiders on buy side
Director John Lecky and major shareholder John Pope loaded up on shares of Hillsborough Resources (TSE) in September. Lecky bought 356,361 shares of the mining contractor for $2.28 to hold 1.32 millio…
U.S. REPORT — Phelps Dodge, Canyon to seek permits Positive
One of the largest new gold discoveries in the U.S. will be further evaluated as a proposed open pit mining and heap leach operation capable of producing about 300,000 oz. gold per year over the first…
Hemlo Gold drills Lenora’s Omega
Drilling by Hemlo Gold Mines (TSE) is under way on the Omega gold property near Kirkland Lake, Ont., Greater Lenora Resources (TSE) reports. Diamond expert Christopher Jennings has joined Lenora’s boa…
APEO forms two task forces
Two new task forces will implement recent recommendations by the Association of Professional Engineers of Ontario (APEO). One task force will work with the Committee for Ontario’s Professional Registr…