News


Noranda increases stake in Falconbridge to 25%

It may be that Noranda Inc. (TSE) was simply trying to consolidate its status as Falconbridge Ltd.’s (TSE) largest shareholder when it bought 3.5 million of the nickel miner’s common shares recently f…


Tri-Valley awards Alaska contract

A Montana- based company has been awarded a contract to mine and process gold ore from one square mile of Tri- Valley Corp.’s Richardson lode project near Fairbanks, Alaska. Tri- Valley trades over th…




Mining Congress calls for deepsea research

The American Mining Congress (AMC) has called for the reauthorization of the Deep Seabed Hard Mineral Resources Act for a further three years at an annual funding level of $1.5 million(US). The AMC to…



Pioneer reports first-quarter loss

First-quarter financial results for Pioneer Metals Corp. (TSE) show a net loss of $330,000 or 2 cents a share compared with a loss of $46,000 for the period ended Mar 31, 1988. The company is expecti…



Montreal site for aluminum symposium

The Metals Week Second Aluminum Symposium will be held Sept 25-26 in Montreal. Entitled “Facing the 90s,” the symposium will concentrate on the effect of the recent dramatic rise in aluminum prices. I…


FINANCING (June 05, 1989)

VANCOUVER Commander Res — gross proceeds rec $245,000. Secret Pass Minerals — opt exerc on 100,000 @ 45 cents per sh. World Wise Res — 700,000 shs sold for gross $245,000. Moondust Ventures Inc. -…


Cominco funds nickel smelter rehabilitation

Cominco Resources’ (TSE) wholly-owned subsidiary, Cominco American Resources, has approved funding to rehabilitate the smelter at the Glenbrook nickel facility in Riddle, Ore. Glenbrook Nickel, a 100%…


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