Copper smelter `bottleneck’ likely to continue
Arizona-based Magma Copper (NYSE) plans to increase its smelter capacity by up to 20% to take advantage of a growing worldwide “smelter bottleneck,” vice-president Bradford Mills told the Toronto Soci…
News
Dowa to joint venture Tizapa project
Dowa Mining is set to develop its first commercial mining project outside Japan after a $32 million bid for the Tizapa polymetallic project in Mexico was accepted by the Mexican government. A world le…
Juniors taking hard look at Guyanese scene
A decision by the Guyanese government to sell nationalized industries back to the private sector in a bid to stimulate economic growth appears to have renewed the interest of Canadian juniors in that …
GOLD FUNDS (April 13, 1992)
BGR Central Net Value $7.87 $5.07 Price $6.25 $3.750 Discount 20.54% 11.8% Value $46,837,000 $63,091,125…
FINANCING (April 13, 1992)
Best Pacific Resources Ltd – 1,500,000 shs offered @ 10 cents per sh. Ventex Resources Corp – 1,500,000 shs offered @ 10 cents per sh. Hong Kong Gold Corp – 750,000 shs offered @ 35 cents per sh.
Major examines Taurus prospects
An undisclosed major mining company recently entered into negotiations with Lodestar Explorations (VSE) to earn a joint venture position in Lodestar’s East and West Taurus properties in eastern Alaska…
PEOPLE (April 13, 1992)
Donald Shwery appointed president; David Edwards ap- pointed director.
NEWS IN BRIEF (April 13, 1992)
Luxor Resources Ltd. (LRL:VSE) has changed its name to Luxor Industrial Corp. (LRL:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Montreal Trust.
Cheni to lease Mets gold deposit
A recent agreement with two junior companies sets the stage for Cheni Gold Mines (TSE) to begin a feasibility study and development plan to mine and mill the Mets gold deposit in the Toodoggone distri…
Metall ups stake in M.I.M. to 13.9%
German metals giant Metallgesellschaft AG, has agreed to sell Toronto-based subsidiary Metall Mining (TSE) 75.6 million shares of Australian company M.I.M. Holdings in exchange for 13.1 million shares…
Inco options Schell Ranch
An exploration joint venture recently formed by a unit of Inco (TSE) and a unit of Colony Pacific Explorations (TSE) provides for further exploration of the Schell Ranch massive sulphide project in Ca…
B.C. budget adds to coal producers’ heavy tax burden
Low coal prices and a relatively high Canadian dollar have helped push British Columbia’s coal industry to the brink. The various taxes and charges facing the industry are seen as primary targets for …