HudBay may shut down without government help
South African-controlled Inspiration Resources (TSE) of New York is playing hardball with the Manitoba and federal governments over a $130-million modernization plan for the metallurgical complex in F…
News
Cassiar Mining profit boosted by purchase of Similco mine
With its recently acquired Similco copper mine (N.M., Oct 10/88) contributing $5.9 million to third quarter earnings, 1988 is shaping up to be a very profitable year for Cassiar Mining (TSE). Net earn…
FINANCING (October 31, 1988)
ONTARIO Eagle Egy — final rec iss offer max 13,000,000 & min 10,000,000 @ $1 per sh to net max $12,090,000 & min $9,300,000. VANCOUVER Eros Res — 400,000 sold for gross $160,000. Gulderand Mng — …
CIL restructured by Imperial
C-I-L Inc has been restructured by its parent Imperial Chemical Industries PLC. The move includes the establishment of a world explosives business headquarters in Canada. ICI purchased a 27% interest …
Falconbridge profit
Falconbridge Ltd (TSE) realized earnings of $87 million or $1.16 per share for the third quarter ended Sept 30. This compares with earnings of $19 million or 26 per share realized in the same period …
Updated Reserve Report In Progress for Ketza River
A detailed reserve report update is being compiled by consultants Derry, Michener, Booth & Wahl for the Ketza River gold project in the Yukon Territory. Project operator Canamax Resources (TSE) expect…
Minorco drops takeover bid for Cons Gold Fields
A $6.1 billion hostile bid for Consolidated Gold Fields PLC has been dropped by Minorco SA following the British government’s decision to investigate the deal’s effect on the strategic metals markets….
An American role model
New Democratic Party leader Edward Broadbent’s barely disguised glee at the Liberal Party’s woes leading up to this general election are understandable. But when he solemnly declares that Canada might…
Gold Standard Mercur suit is old-fashioned slugfest
A court case involving Gold Standard Inc. (NASDAQ) and American Barrick Resources (TSE) has turned into a legal slugfest. The dispute involves the Mercur mine in Utah in which Gold Standard presently …
OSC blocks Noranda’s move
The Ontario Securities Commission has temporarily blocked Noranda Inc’s (TSE) move to increase control of Falconbridge Ltd. (TSE). Citing pre-bid integration rules, the Commission has stopped Noranda’…
Editorial Flin Flon shouldn’t suffer for apartheid
Hudson Bay Mining & Smelting’s request for help from the federal and Manitoba governments to modernize its smelter at Flin Flon, Man., has raised an unwarranted level of hysteria. Rhetoric from those …
Letters to the Editor Dan Willans’ case may never be solved
I was extremely interested in the article of Oct 10/88, regarding the disappearance of Dan Willans, but first will give you some information as to how this association came about. My parents moved to …