SME’s annual meeting breaks attendance records
New attendance records were set when more than 4,600 mining professionals gathered at the Phoenix Civic Plaza for the 1996 annual meeting and exhibition of the Society for Mining, Metallurgy and Explo…
News
Cristinas start hinges on mining law
Though a feasibility study at the Cristinas project in Venezuela is projecting yearly output at 450,000 oz. gold at an average cash cost of US$205 per oz., Placer Dome (TSE) is waiting to schedule con…
Feasibility leads to mine reopening
Results from a feasibility study of the OK copper mine near Milford, Utah, suggest that a reopening would be viable.The use of solvent extraction-electrowinning would enable the mine to produce about …
$4.5 billion, or $43.50 per share — Inco tops Falconbridge’s bid for Diamond Fields
A rival suitor has crashed the Falconbridge (TSE)-Diamond Fields Resources (TSE) wedding. Whether Falconbridge will rise to the challenge or be left alone at the altar remains to be seen.Inco (TSE) ha…
Ditem recovers macros at Temiscamingue
Two more macrodiamonds have been found by Ditem Explorations (ME) in a 75-kg stream sample from the Temiscamingue property near the Quebec town of the same name.One of the stones has a slight yellow c…
Amax opts out of Robertson play
After almost six years of exploration and development work on the Robertson property in Nevada’s Crescent Valley, Amax Gold (NYSE) has decided to return the project to owner Coral Gold (VSE).In 1995, …
Carson has yen for diamonds
Trading in Carson Gold (VSE) will remain halted for three months as the company prepares engineering and evaluation reports and carries out due diligence on two proposed acquisitions in China.The comp…
COMMENTARY — The resource sector and the budget
The Hon. Paul Martin, federal minister of finance, wrote the following at the invitation of Keep Mining In Canada, a national grassroots campaign designed to increase public awareness of the importanc…
Doromin’s Specogna is suspended by B.C. regulators
The British Columbia Securities Commission has prohibited Marino Specogna, a director of Doromin Resources (VSE), from participating in the securities market and acting as a director or officer of any…
PEOPLE — ABER RES. — John Lamacraft appointed director.
ADIKANN — Barry Coughlan elected director.ALPINE EXPL. — Douglas MacQuarrie appointed director.AMERICAN BULLION — John Heathcote appointed director.BARD SILVER & GOLD — Eugene Beukman appointed di…
Gem River acquires tourmaline project
Following an agreement in principle, Gem River (ASE) will acquire Jean Boulle’s 100% interest in Maine Resources.The deal will see Boulle, co-chairman of Diamond Fields Resources (TSE), receive 500,00…
Pacific Amber expands Indonesian presence
The signing of a memorandum of understanding to acquire 112,000 hectares in West Kalimantan marks the fourth property acquisition for Pacific Amber Resources (VSE) in Indonesia.Under the agreement wit…