PEOPLE — NORANDA METALLURGY
David Goldman appointed president and chief executive officer.
News
DIAMOND PAGE — Russians make history with public listing of
The public listing of diamond exploration company Almazny Bereg on the Central Russian Universal Exchange marks an industry first. The company holds the development licence for the Verkhotina project …
Noranda restructures for growth
A restructuring by Noranda (TSE) has resulted in Noranda Minerals being replaced by two new entities, Noranda Mining & Exploration (NM&E) and Noranda Metallurgy. The announcement follows a year of “st…
Partners advance McDonald deposit
The so-called “7-up Pete” joint venture of Canyon Resources (NASDAQ) and Phelps Dodge (NYSE) has initiated the permitting process in order to bring the McDonald gold deposit into production. Situated …
Golden Star options Eteke
A subsidiary of Golden Star Resources (TSE) can earn an 80% undivided interest in the 900-sq.-km Eteke gold prospect in Gabon, West Africa. Previous exploration uncovered numerous areas with anomalous…
WCB benefits extended to gold miners’ estates
The Workers’ Compensation Board (WCB) in Ontario may pay compensation benefits to estates of gold miners who died of lung cancer. The original WCB policy restricted eligibility for entitlement and ben…
Omai testifies to leadership skills — Cambior’s Louis Gignac
Back in 1986, before Louis Gignac accepted the opportunity to head up a public mining company holding the crown jewels of Quebec’s government-owned Soquem, he wanted assurances that the company would …
Madsen to mine at Red Lake
Working to return its namesake mine to production in northwestern Ontario, Madsen Gold (TSE) is planning to extract 40,000 tons of upper-level ore for gold processing in 1995. President James Morlock …
New coal project for Springhill
An open-pit coal mining operation is planned for the Springhill area of Nova Scotia. Springhill Coal has drawn up plans to extract about 2.2 million tonnes during a 12-year period from 14 sites in the…
Thumbs down on Ashdown
High royalty and net profit payments on the Ashdown gold property in Humboldt Cty., Nev., have led International Mahogany (TSE) to conclude the property is uneconomic. Subsequently, Mahogany has termi…
NEWS ROUNDUP — Aquiline options ground to Noranda
Mining giant Noranda (TSE) is demonstrating interest in three Mexican copper properties belonging to Aquiline Resources (VSE). The properties — La Reyna, La Vista and La Joya — are all in the southw…
River Gold definition drilling
Results from the eastern-most hole to date proved to be the highlight of surface drilling by River Gold Mines (TSE) at the Eagle River gold project near Wawa, Ont. The intersection encountered 69.86 g…