News

Lower-than-expected head grades and tonnage from the Heino Money zone at the Tillicum property near Nakusp, B.C., have prompted Goldnev Resources (VSE) and Bethlehem Resources (TSE) to drop their opti…

Alberta-listed Hedman Resources has completed a $500,000 private placement with European investors. Hedman has been operating an open-pit mine and mill complex near Matheson, Ont., for the past two de…

At a recent conference Rory Moore, manager of BHP Canada’s diamond program, provided an overview on the origin and emplacement of diamonds, as well as details of the company’s joint venture with Dia M…

Bid Ask SOUTH AFRICA (US$) Anglo Amer S.A. 43.88 44.25 Cons Modderfontein 0.18 0.26 Debeers Cons 23.75 24.00 Driefontein Cons 12.62 12.88 Freestate 16.25 16.50 Kloof Gold Mining 11.25 11.38 Rustenburg…

I am interested in your editorial, “It ain’t over till it’s over” (T.N.M., Nov. 22/93), concerning the Windy Craggy operation and attempts by the British Columbia government to declare the Tatshenshin…

In the article “Arequipa eyes Peruvian copper” (T.N.M., Nov. 29/93), David Lowell is described as having “managed” the exploration program that resulted in the discovery of Chile’s La Escondida copper…

Arguments have concluded in the Nova Scotia Court of Appeal in the lawsuit between Westminer Canada and the former directors of Seabright Resources. Westminer is seeking $62 million in damages to comp…

A co-operative spirit between the mining industry and government exists in Manitoba, according to the president of Falconbridge. Addressing the business section of the Manitoba Mining, Minerals and Pe…

I am writing to point out the manner in which the Ontario Securities Commission (OSC) and Ontario’s New Democratic Party government handled taxpayers’ dollars in their attempt to create and implement …

A former leader of China is to be honored through the issue of gold and silver coins. A Chinese news agency reports that the coins will mark the centenary this month of the birth of Mao Tse-tung. The …

Taking advantage of the recent surge in mining share prices, Teck (TSE) is selling 4.5 million B common shares at $23.25 each. The group of underwriters, led by Gordon Capital, Nesbitt Thomson and CF …

Continued strength in gold helped western markets as the Vancouver Stock Exchange resource index posted a 36.79-point jump to 1,573.52. The composite index remained relatively quiet, edging up just ov…