Newfoundland Ex. acquires claims
Calgary-based Newfoundland Exploration (TSE) has acquired a 50-sq.-km exploration licence in the North Labrador Trough, 90 km southwest of Fort Chimo, Que. The junior says it is negotiating with a maj…
News
LATIN AMERICA ROUNDUP — Minera in new Chilean venture
An agreement to acquire a group of claims in the Sierra Valenzuela copper district in northern Chile has been signed by 50-50 joint venture partners Minera Rayrock (TSE) and Compania Hecla Minera Limi…
Tag increases Verneuil interest
Junior Golden Tag Resources (VSE) has increased its interest in the Verneuil Twp. gold property southeast of Matagami, Que., from 50% to 60%. The company has also staked an additional five claims to b…
U.S. REPORT — Glenbrook signs shipping deal
A 6-year, $26-million transportation agreement has been signed with Glenbrook Nickel Co. for the annual movement of about 700,000 tons nickel ore, Trimac Transportation reports. The ore will be shippe…
NEWS ROUNDUP — Strip mine to be subject of hearings
The Nova Scotia government has postponed development of a strip coal mine near the Westray coal mine site that claimed the lives of 26 miners in May. Provincial Environment Minister Terry Donahoe has …
ON THE LEVEL — Warding off `penny dreadfuls’
Seldom do I feel any urge to applaud those ever broadening regulations imposed by burgeoning provincial bureaucracies that frequently seem hell-bent on strangling our mining industry. But surely few t…
LETTERS TO THE EDITOR — New minerals pact for Nova Scotia
The Nova Scotia and federal governments recently signed a $10-million co-operation agreement on mineral development. The province will contribute $3 million and the federal government, $7 million. The…
Kirkland Lake diamond find attracts handful of juniors
Since Sudbury Contact Mines (TSE) reported its discovery of eight microdiamonds on its Diamond Lake project a handful of companies have moved into the Kirkland Lake, Ont., region to stake more ground …
METAL PRICES — FREE MARKET (September 14, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 8 Sept. 7 Sept. 4 Sept. 3 Sept. 2 Copper 1229-1230 NA 1251-1252 1246-1248 1245…
TSE SHORT POSITIONS (September 14, 1992)
Semi-monthly reports as of August 31, showed 30,372,811 shares of 582 issues compared with 28,509,127 shares of 579 issues on August 15. Larger individual positions included: Aber Res. 80,800, down 28…
Saskatchewan pipes get a second look
In 1988, Saskatchewan witnessed a preview of today’s diamond rush in the Lac de Gras area of the Northwest Territories. Encouraged by news of a diamond discovery and subsequent land grab by De Beers C…
Kimberley pipes fuelled De Beers’ growth
The first reading of a De Beers (LSE) annual report by anyone unfamiliar with the business would be puzzling if not downright frustrating. How can a company that produces less than 8% of the world’s n…