NEWS IN BRIEF P.T.INCO
P.T. International Nickel Indonesia (P.T.INCO) has declared an interim dividend in respect of 1990 of US35 cents, payable Oct. 25 to shareholders of record as of Sept. 25.
1990
Aur, Louvem settlement could renew Val d’Or activity
All has been quiet lately on the Val d’Or, Que., exploration front as litigation over the discovery of Aur Resources (TSE) and Societe Miniere Louvem (TSE) and a lack of available funding has slowed t…
Rhodes starts drilling at base metal project
Geophysical anomalies on the Captain base metal property 50 miles south of Bathurst, N.B., will be the target of a 1-rig drilling program by earn-in partner Consolidated Rhodes Resources (VSE). Rhodes…
Val d’Or, Bullion in new arrangement
Junior mining company Ressources Val d’Or (ME) plans to transfer its rights to 80% of the Vendome zinc project in the Val d’Or area of Quebec to private firm Bullion Monarch Canada Resources. The new …
Rouyn-Noranda sees growth in mining
Mining, and especially mining- related activities, are an expanding contributor to the economy of the Rouyn-Noranda district in Quebec, where minerals worth some $365 million were produced in 1989. Th…
INSIDER TRADING Pezim sells ahead of price decline
Murray Pezim may have had his wings clipped to some extent by an investigation into trading activity involving some of his companies. But the Vancouver promoter obviously hasn’t lost his sense of timi…
Status of rhodium likely to increase
Rhodium will probably be upgraded to primary metal status as a result of this year’s surge in the rhodium price. At least two new mines in South Africa will probably concentrate on rhodium rather than…
BOOKS IN REVIEW Eskay Creek featured in B.C. review
A new, definitive paper on the Eskay Creek gold deposit north of Stewart, B.C., is one of several geological articles featured in the newly released Exploration in British Columbia 1989. The British C…
EDITORIAL Buying back shares adds liquidity
Cash is king, they say, and the truth of that homily is reaffirmed each time the stock market slumps. Those that have cash can ride out the rough times, pick up bargains and generally look after the b…
Red Lake working to broaden tax base
Annual exploration expenditures in the Red Lake district of Northwestern Ontario hit a peak in the $45-million range during the heyday of flow-through share funding and exploration was, at that time, …
Ontario Mining Week launched to raise public awareness
Ontario’s first ever Ontario Mining Week, Oct. 15-19, has been launched with proclamations by the Minister of Mines and by the mayors of 36 mining municipalities. Events during the week, sponsored by …
Glencairn suspends operations at Raw Bean diamond mine
Toronto-based Glencairn Explorations (ASE) has suspended operations at the Raw Bean diamond mine in Brazil after being hit with a 60% increase in non-fuel production costs and 100% increase in oil and…