Student engineers in competition
The 10th annual Canadian Engineering Competition is scheduled for March 4 and 5 at Toronto’s downtown Novotel Hotel. Some 100 undergraduate engineering students from across Canada will compete in one …
News
Former Phelps Dodge chairman eighth recipient of AMC award
The former chairman of Phelps Dodge was named the eighth recipient of the Distinguished Service Award of the American Mining Congress (AMC). George Munroe will be presented with the award at the Jan. …
THE DIAMOND PAGE — Diamond Fields acquires producing pipes
Having completed a positive technical review, Diamond Fields Resources (VSE) is proceeding with the acquisition of a 66.67% controlling interest in two producing kimberlite diamond mines in South Afri…
NEW FRONTIERS IN MINING — With money, mines and projects,
With various mining assets, cash in the bank and two new projects coming on stream this year, Teck (TSE) appears well positioned to reap the benefits of projected improvements in the gold and base met…
METAL PRICES — FREE MARKET (January 24, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 18 Jan. 17 Jan. 14 Jan. 13 Jan. 12 Copper 1829-1830 1830-1831 1806-1807 1700-1761 1778-1779 Lead 496-497 496-497 496-497 483-484 47…
THE DIAMOND PAGE — United Reef to continue work on African
Following the completion of a $1.8-million rights offering, United Reef (TSE) plans to resume work on its Bamingui-Bangoran diamond project in the Central African Republic. The funds will be used to c…
NEW FRONTIERS IN MINING — Orvana advancing Butte Highlands
The 1993 drilling program at the Butte Highlands gold prospect in Montana is complete and results indicate the presence of a consistent zone of gold mineralization. Orvana Minerals (TSE) is testing th…
Cease-trading order extended for Curragh
A cease-trading order against Curragh (TSE) has been extended indefinitely. The order, dated Dec. 22, 1993, was extended after Curragh failed to appear before an Ontario Securities Commission hearing …
Cliff ups interest in Newfoundland asbestos operation
Junior Cliff Resources (TSE) has an option to acquire Princeton Mining’s (TSE) half interest in the share capital of Teranov Mining, a Princeton subsidiary. Teranov operates a wet mill at Baie Verte, …
Alberta exchange activity at record levels in 1993
The Alberta Stock Exchange (ASE) set records in 1993 in trading volume, trading value and total financing. Total trading volume exceeded 2.2 billion shares, up 157% from 1992. Total trading value incr…
STOCK MARKETS — Mixed showing by equities belie stronger
The gold price strengthened somewhat over the week, rising nearly US$6 per oz. to US$392.70. However, gold equities put in a mixed performance. For example, Franco Nevada lost 63 cents to close at $93…
STOCK MARKETS — Gold exploration companies pique investor
Investor interest in gold exploration companies is continuing to gain steam, with the Vancouver Stock Exchange resource index up almost 5% during the report period ended Jan. 18, to finish at the 1,77…