Editor’s note CHANGING CLIMATE
Ever since the recession of 1981/82, the phrase “lean and mean” has been bandied about by managers like an incantation against evil spirits. And if the mine managers weren’t working at becoming lean a…
1988
The 1987 Coal Review DEVCO
The Cape Breton Development Corp. (DEVCO), a federal Crown corporation created in 1967, is eastern Canada’s major coal producer. DEVCO operates three submarine coal mines, including the new Phalen Col…
Kewagama financing
A private placement agreement has been arranged between Kewag ama Gold Mines and a private investor who is also a company director. The company will issue a maximum of 250,000 common shares and a mini…
Managing THE VALUE OF FAILURE
Several years ago, I called a large Canadian bank for a reference check on a man who had previously worked for them as a branch manager. They gave him a shining apprais al — he was a solid man, a har…
Chelsea plans to double production by year-end
Only 1,000 oz of the yellow metal have been poured at the Spotted Horse mine in Montana. But already, the managers of Chelsea Resources, the Vancouver-based company that owns and runs the mine, is pla…
Profile MAN WITH A MISSION
He’s not listed in the Who’s Who of Canadian Business. Not many academics trained in the esoterica of rock mechanics are. But if his ambitious plans work out, Dr Marc Denis Everell certainly would des…
Opawica sues Falconbridge over Lac Shortt mine
Opawica Explorations has issued a statement of claim in the Supreme Court of Ontario against Falconbridge Ltd. and Minnova Inc. claiming, among other things, an accounting, damages and the reconveyanc…
Bresea begins drilling
A $500,000 diamond drilling program has begun on property held by Bresea Resources in the Casa Berardi area of Quebec. The drilling is a follow-up to two years of surface exploration which included 30…
Letters HELPING HAND RE: MACHINE
Doctor in your November, 1987 issue. I would like to bring to your attention that the story should have stated that partial funding of this project was made possible by a grant from the National Resea…
Books (February 01, 1988)
The Korean Mineral Market: Opportunities and Marketing Strategies for Canada by O. Yul Kwon. Monograph No 19, 177 pages, $15(C) plus 15% postage/handling. Queen’s University, Kingston, Ont. K7L 3N6. …
Goldbrook going underground on Wood Mountain project
Following the completion of an underground exploration program, Goldbrook Explorations hopes to have its Wood Mountain property in production by 1990. Located in the Gold Hill area, eight miles northw…
Giant Bay plans acquisition of TRennessee group
Concerned about near-term cash flow from its bioleaching division, Vancouver- based Giant Bay Resources has concluded a memorandum of agreement to acquire the Banco group of companies of Nashville, Te…