Court rejects Lac’s Lisheen claim
The Irish High Court has ruled against Lac Minerals (TSE) in the company’s legal action to block the sale of a majority interest in the Lisheen lead-zinc deposit in Ireland (T.N.M., Aug. 23/94). The c…
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Breakwater transfers Estrades to Arimetco
By transferring its Estrades polymetallic mine to Arimetco International (TSE), Breakwater Resources (TSE) will wipe out a $4.5-million debt owed to the latter company. The transfer is one of the fina…
Drilling begins at Bralorne
Drilling is under way at the Bralorne property in the Bridge River area of southwestern British Columbia. Bralorne-Pioneer Mines (VSE) is earning a half interest in the property from Avino Mines (VSE)…
NEWS ROUNDUP — Friedland sells Vengold shares
Controversial Vancouver promoter Robert Friedland is severing his ties with Vengold (TSE). Friedland sold 2.8 million shares to several arm’s-length investors, plus 445,000 shares in a private transac…
NEWS ROUNDUP — Court rejects Exminesa appeal
The Spanish Constitutional Court has rejected an appeal by Exminesa related to royalties owing to Mount Wright Iron Mines (CDN) from the lead-zinc-silver Rubiales mine in Spain. Exminesa was appealing…
Int’l Platinum files financial data
Toronto-listed International Platinum (IPC) has filed its 1993 and year-to-date financial statements with the Ontario Securities Commission (OSC). In late May, the OSC imposed a cease-trading order ag…
Republic acquires Mexican gold prospect
A 6,500-acre, gold-silver property in the Madera mining area of northern Mexico has been acquired by Republic Goldfields (VSE). The property is at the northern end of the Dolores Mining camp and is co…
Diesel spill at Windy Craggy
Diesel oil has spilled from a storage tank at the Windy Craggy property in northwestern British Columbia. Property owner Geddes Resources (TSE) was informed of the spill by the environmental protectio…
Governments sell Cameco shares
The two major shareholders of Cameco (TSE) intend to sell 2 million shares in a secondary issue. The governments of Canada and Saskatchewan say the shares will be sold at $25.50 each, on a bought-deal…
High-purity rare earths grow in demand
High-purity rare earths products represent an important and fast-growing market, says market analyst Roskill. Its report, The economics of rare earths 1994, states that separated rare earths claims ar…
Cumberland buys Asamera royalty
Gold explorer Cumberland Resources (VSE) acquired the 2% royalty against its interests in the Meliadine, Meadowbank and Parker Lake projects in the Northwest Territories. The company paid Asamera Mine…
COMMENTARY — Marketing clean coal technologies
The Energy Information Administration (EIA) in the U.S. expects world coal consumption to increase by 30% between 1990 and 2010, from 5.1 billion to 6.5 billion tons. Five regions stand out as major f…