Andacollo drill results positive
Results from ongoing drilling at the Andacollo project in central Chile have Dayton Mining (TSE) predicting an increase in reserves. The proven and probable minable figure is now estimated at 30.7 mil…
News
INSIDER TRADING — Band-Ore directors exercise options to
Four directors of Band-Ore Resources (CDN) exercised options and sold shares in February. According to the Ontario Securities Commission’s OSC Bulletin, director Ronald McKeown exercised 50,000 option…
Ottawa pledges support for Canada’s mining sector
The federal government is determined to maintain a healthy mining industry within the context of sustainable development, Natural Resources Minister Anne McLellan told delegates at the recent Mineral …
COMMENTARY — Mexico’s Bolsa growing stronger
The Mexican Stock Exchange (Bolsa Mexicana de Valores), one of the fastest-growing stock markets in the world, celebrates its 100th anniversary this year. The Bolsa is already the largest of the world…
Union campaigns for Elliot Lake
The political action committee of locals 5417 and 5980 of the United Steelworkers of America, representing workers at Rio Algom’s Stanleigh uranium mine at Elliot Lake, Ont., has started up its “Ontar…
Canada Tungsten selling — Kremzar mine interest
Vancouver-based Canada Tungsten (TSE), together with its subsidiaries, is selling its interests in the Kremzar gold mine to Van Ollie Explorations (CDN) and three partners. The mine, 40 km northeast o…
China’s copper needs studied
Last year, China imported almost a million tonnes of copper units in concentrate and other forms, and refined copper stocks increased by more than 200,000 tonnes. Any change in economic activity in th…
NEWS ROUNDUP — Hillsborough to expand Quinsam
Negotiations allowing Hillsborough Resources (TSE) to arrange financing for a planned $14.1 million expansion at the company’s Quinsam coal mine on Vancouver Island, B.C. are well under way. The expan…
Bunting retiring as TSE president
The president of the Toronto Stock Exchange will retire at the end of 1994. “I’m pleased to be leaving the exchange when it’s in such good financial condition and at a time when we have moved into a p…
Athena starts Talapoosa study
Junior Athena Gold (VSE) has retained an independent firm of engineering consultants to prepare a prefeasibility report on the Talapoosa gold-silver project in Nevada. Athena now owns all of Talapoosa…
McKenzie Break operation studied
The McKenzie Break gold project 35 km north of Val d’Or, Que., might lend itself to small-scale mining of 10,000-12,000 oz. per year. Western Quebec Mines (TSE) is evaluating the economies of such an …
NEWS ROUNDUP — Seabright lawsuit concluded
The Seabright legal case has been concluded. The Australian owners of Westminer Canada have decided not to appeal to the Supreme Court of Canada. In January, the Nova Scotia Court of Appeal upheld a r…