Granges to get Ican shares
An extension has been secured by Granges Exploration to acquire 3.3 million shares of Ican Minerals on a share exchange basis. Citing “unavoidable delays encountered in acquiring drill hole samples fo…
News
Mining policy set for May 20
The federal minister of state for forestry and mines gave few clues to his new mining policy in a speech to a luncheon gathering at the 89th annual meeting of the cim in Toronto. Gerald Merrithew is s…
Ross report on education
The Ross Committee report on the future post-secondary education needs of Ontario’s mining industry has been released by the Ontario government. The report was initiated after close consultation with …
Metal Prices FREE MARKET London Metal Exchange (May 11, 1987)
Spot closing prices in Pound Sterling per tonne Date May 5 May 4 May 1 April 30 April 29 Copper 885-887 N/A 882-883 890-891 906-907 Lead 408-410 N/A 3…
Dickenson boosts first-quarter income
Continuing its “winning” ways, Dickenson Mines of Toronto recorded a net income during the first quarter of this year of $1.2 million (9 cents per share), compared with $431,000 (4 cents per share) …
Place Res. boosts 1st-quarter income
Net income for Place Resources during the first-quarter of this year was $348,700 (5 cents per share), up from $250,896 (3.5 cents per share) for the same period last year. Cash flow for the quarter…
Writing award
A writer for The Northern Miner is the winner of one of a number of journalism awards presented at the Canadian Institute of Mining and Metallurgy annual general meeting. Staff writer Laima Dingwall w…
Metal Prices FUTURES PRICES N.Y. Commodity Exchange (May 11, 1987)
Week’s High Low Close Change COPPER (in US cents per lb.) May 65.00 64.15 64.90 + 2.85 July 64.25 63.45 64.20 + 2.15 Sept. 64.0…
Diana buying 28 claims
A 2,800-acre, 28-claim property in Bearn and Dalquier Twps. in northwestern Quebec is being acquired, subject to regulatory approval, by Diana Resources. The property is one block removed and on strik…
Innovate to survive, CIM plenary told
“Innovation … represents a revolutionary change in operating style for an industry that is known for the conservatism of its management. We have no choice but to take drastic steps. Vive la Revoluti…
News in Brief (May 11, 1987)
Northgate Exploration announced on May 4 that hourly-paid employees at the company’s two Chibougamau, Que. mines have rejected a revised contract offer by the company and that strike action has been i…
Exploration shaft in the works for Joubi property
A shaft-sinking contract, for a 250-m exploration shaft, on its Joubi property near Val d’Or, Que., will be let shortly, Western Quebec Mines reports. A program of six holes totalling 1,242 m was comp…