Potash sale to fund Chinese aid projects
The Canadian International Development Agency (CIDA) says it will purchase $4.6 million worth of potash fertilizer from Saskatoon-based Canpotex for delivery to China. Canpotex handles offshore sales …
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Varna and Long Range reach an out-of-court settlement
Two Calgary-based junior mining companies have agreed to lay down their arms and concentrate on working their respective properties in Newfoundland. Varna Gold (ASE) and Long Range Resources (ASE) had…
Del Norte options California mine
Based on the favorable findings of a preliminary investigation, Consolidated Del Norte Ventures (VSE) recently acquired an option to evaluate and own 100% of the Idaho-Maryland gold mine and accompany…
Black Cliff options properties in Chile
An option to earn a 75% interest in three Chilean copper-gold properties has been obtained by Black Cliff Mines (TSE) from a private Chilean company. The first property, Los Navarros, comprises 1,615 …
U.S. REPORT New tax laws in 27 states a mixed bag, survey finds
A survey of 1990 mining tax legislation showed no clear winners in 27 states, reports Mining Cost Service, a publication of Western Mine Engineering of Spokane, Wash. An assortment of laws were passed…
Gauther would sell St. Genevieve Resources
Apparently fed up with waiting for his company’s share price to move upward, St. Genevieve Resources (TSE) Chairman Pierre Gauthier has retained Merrill Lynch Canada to find a buyer for the Montreal-b…
De Beers annual diamond sales total US$4.17b
Annual sales of rough diamonds by the Central Selling Organization (CSO) of De Beers totalled US$4.17 billion last year, up 2% from US$4.09 billion in 1989, the company reports. The 1990 sales figure …
Alaskan mineral revenue doubles
The value of mineral production in Alaska for 1990 jumped to US$534 million in 1990, up substantially from the US$277 million reported in 1989. The increase was primarily caused by a jump in base meta…
Renabie mine to close this year
Stung by weak gold prices and high operating costs, the Renabie gold mine near Wawa, Ont., will shut down its stopes permanently this year, says owner Renabie Gold Mines, a subsidiary of Corona (TSE)….
Hollinger testing manganese sample
Shipment of an 8,000-tonne test sample of manganese ore to a ferro2Dmanganese furnace near Montreal has been completed, Hollinger North Shore Exploration reported. Hollinger, a unit of La Fosse Platin…
Bellechasse partners extend zone
Surface samples from the Bellechasse project, southeast of Quebec City, continue to return encouraging results for partners Golden Hope Mines (COATS), St. Genevieve Resources (TSE) and Exploration Duv…
Gold reacting to lack of speculative demand
As peace seemed imminent in the Persian Gulf during the week ended Feb.26, both gold bullion and oil prices drifted lower, taking several TSE-listed gold mining stocks along with them. By presstime, g…