MacArthur permits in hand
Permits for development of the MacArthur copper deposit are finally in hand for owner Arimetco International (TSE). The project is about five miles north of the companys Yerington copper mine near the…
News
1993 A LOOK BACK — Giant mine workers return
Union members at the Giant mine in Yellowknife, N.W.T., returned to their jobs in early December, ending a labor dispute dating back to May, 1992. Some 25 members of the Canadian Association of Smelte…
1993 A LOOK BACK — New U.S. mining royalty
Hard-rock miners in the U.S. operating on public land, including some Canadian gold producers, are facing a government-imposed royalty, but the amount was not settled in 1993. A proposal by the Clinto…
Flag resumes drilling Wanapitei anomaly
Drilling has resumed at Flag Resources (ASE) Wanapitei property near Sudbury, Ont. At presstime, a 1,700-ft. hole at Wolf Lake had been extended to 2,000 ft. on its way to a targeted depth of 3,000 ft…
Record price paid for Nymex seat
A seat on the New York Mercantile Exchange (Nymex) recently sold for a record US$400,000. The previous high of US$395,000 was set a few days earlier, which surpassed an earlier record value of US$350,…
GOLD FUNDS (January 03, 1994)
Gold Funds as of Dec. 28 BGR Central Net Value $15.78 $6.49 Price $14.25 $6.750 Premium 4% Discount 9.67% Value $88,367,000 $122,170,275…
Eden Roc sells warrants, explores Ivory Coast
Eden Roc Minerals (TSE) will soon have nearly $18 million to spend on its vast exploration territory in Ivory Coast. The company issued 3 million warrants through brokerage house Scotia McLeod. Each w…
COMMENTARY — Niobium: an important specialty metal
During the past 30 years, niobium has steadily emerged as an important specialty metal. In particular, steel-consuming industries have greatly benefited from the materials savings which result from us…
Sask. okays two other projects — Midwest dead for now
There was mixed news from Saskatchewan as the provincial government announced its decision on the development of three proposed uranium mines in the north. Environment and Resources Minister Berny Wie…
1993 A LOOK BACK — Brookbank appeal, Seabright ruling
Significant court rulings in 1993 included an appeal decision concerning the Brookbank gold project in northwestern Ontario and the Seabright case in Nova Scotia. In a decision by the Ontario Court of…
Green light for Freeport expansion
By the end of 1995, Freeport-McMoRan Copper & Gold (NYSE) expects to have expanded its mine and mill in Indonesia. An expansion to 115,000 from 66,000 tonnes per day is planned. The completion is to b…
Placer Dome plans to spend $12-m on Musselwhite project
Placer Dome Canada, the new business unit of Placer Dome (TSE), is poised for a busy year in 1994. Thats when the unit will oversee a $12-million program to advance the Musselwhite gold property in th…