Labor dispute continues at Giant
Federal Labor Minister Marcel Danis was recently advised by two of Canada’s top labor experts that neither Royal Oak Mines (TSE) nor the union representing striking workers at the Giant mine has made …
News
COMMENTARY — Understanding CIS mineral industry
The Soviet centralized system created a non-integrated network of exploration, research, project design, mining and marketing. As a result, the general technical competence in each segregated field is…
Ontario discusses new industrial policy
The framework for Ontario’s new industrial policy was the topic of discussion at a recent lunchtime gathering of the Toronto Society of Financial Analysts. Ed Philip, minister of Industry, Trade and T…
LATIN AMERICAN ROUNDUP — Teck a partner in Boron venture
A private placement and joint venture agreement with Teck (TSE) could lead to a significant expansion of boron production at existing operations in Chile and Bolivia, Boron Chemicals International (VS…
Tan Range active in Tanzania
Calgary-based Tan Range Exploration (ASE) is acquiring several exploration concessions in Tanzania through its subsidiary, Tan Can Mining. To date, the company has received approval for diamond conces…
LETTERS TO THE EDITOR — `Sensationalizing’ diamond finds
I would hope that the timing of your lead story “Colored microdiamonds spur investor interest” (T.N.M., Nov. 23/92) will teach you a lesson or two about sensationalizing certain aspects of the recent …
Newmont active at Ivanhoe venture
With leaching continuing at the Ivanhoe joint venture in Nevada, Cornucopia Resources (TSE) reported net earnings for the quarter ended Sept. 30 of US$76,000 on sales of US$643,000. Now a joint ventur…
NEWS ROUNDUP — Aur dropping three properties
Aur Resources (TSE) has informed Consolidated Abitibi Resources (ME) that it will be terminating its option on three of Abitibi’s Val d’Or area properties. In order to earn a 51% interest in the Abiti…
NEWS IN BRIEF (November 30, 1992)
Consolidated Regal Resources Ltd. (KRE:VSE) has changed its name to Fresco Developments Ltd. (FDP:VSE) with a consolidation of capital on a 1-new-for-2.5-old-share basis. The transfer agent is Montrea…
EXPLORATION ’92 — Crown looks at alternatives
In an effort to enhance shareholder value, Crown Resources (TSE) recently engaged financiers CS First Boston Group to help it investigate “strategic alternatives.” The options being considered include…
EXPLORATION ’92 — Argyle mine largest diamond producer
The world’s largest producing diamond mining project is the Argyle open pit mine in western Australia, 2,200 km northeast of Perth. Argyle, which produced 35 million carats in 1991, is 40% owned by As…
Bank backs Teck’s Balmer bid
An offer by Luscar to buy the Balmer and Greenhills coal mines in southeastern British Columbia was blocked by a creditor of the mines’ former owner, bankrupt Westar Mining. The Bank of Montreal oppos…