Recent trading activity in Chase Resources (VSE) suggests shortsellers have been betting the company will fall from grace over its promotion of a copper-gold property in the Philippines. Late last yea…
John Drybrough, noted mining engineer, died recently in Winnipeg, Man. He was 94. Born in Scotland, Drybrough immigrated with his family to Canada in 1908, and had lived in Winnipeg since 1928. He hel…
Partners Golden Rule Resources and Northern Abitibi Mining have settled a legal dispute with Inco, Cambior and Vior over optioning of a gold property in Douay Twp., Que. Under a new agreement, Inco an…
Giant Swedish mining firm Boliden Minerals reported it plans to spend about $50 million during the next 4-6 years on grassroots exploration in the Skellefte area of Sweden. Boliden, part of the Trelle…
The American Mines Handbook, a compendium of mining companies active in the U.S. and other related information which is printed annually by Southam Business Communications Inc., is changing its publis…
The enthusiastic response to the Canadian Institute of Mining, Metallurgy and Petroleum’s sixth mineral economics symposium shows that the mining industry is anxious to get “back to basics.” About 150…
A determination of new royalty rates applicable to about half of the production of the Mission copper mine of Asarco (NYSE) has been completed by the Arizona state land department, the company reporte…
Vancouver-based Dayton Developments (TSE) has successfully completed a private placement of convertible subordinate notes for net proceeds of $3,023,000. Proceeds from the placement will be used to co…
Partners Central Crude (TSE), Tandem Resources (TSE) and Storimin Exploration (ASE) have announced a substantial increase in reserves at the Moss Lake gold project, about 50 miles west of Thunder Bay,…
Calgary-based Northern Abitibi Mining (ASE) and Golden Rule Resources (TSE) have settled their legal dispute with partners Inco (TSE), Vior (ME) and Cambior (TSE). The legal dispute erupted between th…
James Knox, Gregory Pusey and John Willson appointed to an interim executive committee of the board of directors; Keith Hulley resigned as president and director.
Fourth-quarter net income picked up for Alcan Aluminum (TSE) but the Montreal-based aluminum producer saw its overall earnings dip in 1990 to US$543 million from US$835 million for the previous year o…
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