ANC would restructure South Africa mining
A draft proposal of the African National Congress (ANC) to restructure South Africa’s mining industry is, in effect, a attempt at “nationalization” and would discourage foreign investors, according to…
News
Inter-Rock strikes gold at Daisy
Eight reverse circulation holes of a 21-hole program on the Secret Pass deposit, part of the Daisy Gold project in southern Nevada, have been completed by Inter-Rock Gold (TSE). Of the eight holes dri…
PRODUCER PRICES (January 31, 1994)
ALUMINUM: MW U.S. market US55.25-56.25 cents per lb. (Jan. 13, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
Conwest becomes Granduc shareholder
Toronto-based Conwest Exploration (TSE) has gained an 18.1% direct interest in Granduc Mining (TSE) by buying 2 million shares of the junior gold producer. A further 815,330 shares were bought by Conw…
COMMENTARY — Nuclear industry expectations
Since 1990, the demand for new nuclear capacity in Canada has diminished as a result of the economic recession, and heightened energy conservation by industry and consumers. Major utilities such as On…
PEOPLE — OLYMPIC RESOURCES
Theodore Konyl appointed director.
Hendricks merging with Everdeen
Inactive Everdeen Resources has agreed to amalgamate with privately owned Hendricks Minerals of Canada. Before the amalgamation can take place, Hendricks must first obtain ownership of the issued and …
Assessment work allocation changes proposed
If proposed changes to Ontario’s Mining Act become law, claim-stakers with small blocks of ground will gain an advantage and those who stake large blocks will lose one. Exploration expenses on a block…
$5.5 million alloted for Golden Bear
About $5.5 million will be spent on a 3-phase program to explore the Golden Bear property in northwestern British Columbia. The property is owned by North American Metals (VSE) which, in turn, is 81% …
LATIN AMERICA ROUNDUP — Joutel starts Cuban exploration
The ink has just dried on three contracts which will enable Joutel Resources (TSE) to start preliminary exploration on its Cuban properties. The company plans to complete two airborne geophysical surv…
Metallica completes acquisition, financing
Having completed a 1-for-7 share consolidation and a name change, Metallica Resources (CDN) — formerly Burgess Point Resources — has acquired Venezuelan Mineral Development Corp. (Vencorp). Vencorp …
X-Cal exploring near Sleeper
A gold prospect next to the producing Sleeper gold mine in Nevada is providing a new exploration focus for X-Cal Resources (TSE). Sampling on the X-Cal-York Mines property has returned an 11-ft. width…