NEWS ROUNDUP — Minerex transaction is cancelled
A deal to purchase all the issued shares of Minerex Resources was recently cancelled. Cornucopia Resources (TSE) reached an agreement to purchase the shares from owner Canada Tungsten Mining (TSE) in …
1993
CIM meeting on environmental education
A Chair in Mining Environment has been created at the University of British Columbia (UBC) to address the widespread problem of acid rock drainage (ARD). Dr. Richard Lawrence will discuss ARD at a Mar…
Juniors active in Honduran mineral search
The exploration activities of three North American companies in Honduras are a sign that that country’s mining potential remains solid. In 1990, Breakwater Resources (TSE) acquired the El Mochito zinc…
Giant workers await ruling
The Canada Labour Relations Board says it may take some time to rule on issues related to a prolonged dispute at the Giant gold mine, on the northern shore of Great Slave Lake. The mine is owned by Ro…
Dodgex makes specialty metal find
A major resource of specialty metals and rare earths has been discovered in a wide fluorite-bearing vein in the southern Yukon by Dodgex, a private company in Whitehorse. Representative sampling of ou…
Gold panning growing in Zimbabwe
With a crying baby on her back, Esnat Chibangara crouches in the fast flowing Pote River and slowly sifts through the fine sand in her bowl for the eighth time. A sigh indicates that the 35-year-old w…
Metal Prices — FREE MARKET (March 22, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 16 Mar. 15 Mar. 12 Mar. 11 Mar. 10 Copper 1491-1492 1508-1509 1520-1521 1499-15…
PNG gov’t boosts stake in Porgera
The Porgera joint venture, in which Placer Dome (TSE) is a partner, has agreed to sell to the government of Papua New Guinea an additional 15% interest in the Porgera gold mine. The three partners in …
METALS MARKETS — World metals consumption languishes
In all markets, metals consumption continues to languish among members of the Organization for Economic Co-operation and Development. In Japan and Europe, the main consuming areas such as commercial c…
Adrian boosts reserve estimates at Petaquilla
Initial step-out drilling at the Petaquilla property in Panama has increased preliminary reserve estimates to more than one billion tons. Adrian Resources (VSE) is drilling under an option to earn up …
NEWS ROUNDUP — Waseco negotiates production deal
Oakville, Ont.-based Waseco Resources (CDN) and Nevada company Carson River Gold are negotiating the sale of 50,000 tons of placer gold material from Carson’s leased Lyon Cty., Nev., property to Wasec…
Water quality test drilling uncovers Huckleberry zone
Drilling for a water quality monitoring well in the area of a proposed tailings dam at the Huckleberry project near Kemano, B.C., has intersected a zone of high-grade copper. New Canamin Resources (VS…