PEOPLE — SWANNELL
John Mooney appointed vice-president and director; Shirley Mooney appointed director.
News
Joint project studies phenomenon of rockbursts
For centuries, one of the biggest dangers in mining has stemmed from the potential instability of the openings in which miners work. Often, the collapse of these structures is attributed to a phenomen…
EDITORIAL PAGE — Babbitt and the American Dream
U.S. Interior Secretary Bruce Babbitt has been a vocal critic of the 1872 Mining Law on the grounds that the statute allows mining companies (even foreign ones) to buy government land for a mere US$5 …
Funds available for granite plant
Ontario government funding totaling $1.2 million has been awarded to Malette Granite of Iroquois Falls to help establish a granite processing plant and to hire and train employees. A $500,000 term loa…
NEWS IN BRIEF (November 21, 1994)
Lodestar Explorations (LSI:VSE) has changed its name to Precision International Resources (PLO:VSE) on a 1-new-for-5-old-share basis.
Canarc drilling returns gold values
Toronto-listed Canarc Resource is pleased with drill results from its Polaris-Taku property in northwestern British Columbia. Initial results are all from the C Vein, including on-strike stepout holes…
PRODUCER PRICES (November 21, 1994)
ALUMINUM: MW U.S. market US90.5 cents-91.5 per lb. (Nov. 3, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)….
Decline under way at Pend Oreille
Junior RFC Resource Finance (TSE) continues to drive a decline at the Pend Oreille base metals deposit north of Spokane, Wash. The decline will provide a drill platform to explore for extensions of th…
STOCK MARKETS — Western markets consolidate as indexes drop
Western markets continued to consolidate during the report period ended Nov. 15, with both the Vancouver Stock Exchange resource and composite indexes touching new lows for the year. The composite ind…
Toronto Stock Exchange Indices (November 21, 1994)
— 1994 — Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 High Low Composite”300″ 4168.92 4177.19 4170.68 4179.19 4191.38 4609.93 3518.31 Metals&Minerals 3953.87 3949.45 3906.09 3901.51 3923.05 4289.04 3273.56 Int…
Anvil Range to fight suit
Court action against Anvil Range Mining will be defended, the company says. A merchant banker, Koloshuk Farrugia Corp., launched a $10-million lawsuit against Anvil Range, claiming it had been left ou…
Roaster fire erupts at Newmont mine
A fire has caused the temperary closure of Newmont Gold’s (NYSE) refractory ore treatment plant near Carlin, Nev. The fire erupted in the electrostatic precipitator. A portion of the plant was undergo…