THE EDITORIAL PAGE — Mining and government (1)
From its early roots in the 1800s up until the late 1970s, the Canadian mining industry enjoyed a synergistic relationship with provincial and federal governments. The goals of the industry and govern…
News
Royal Oak plots re-opening of Colomac mine, teams up with
The Colomac gold mine will be re-opened next spring by Royal Oak Mines (TSE), a Canadian gold producer which recently announced plans for its first mineral venture outside North America. The company p…
Eritrea boasts potential
Eritrea, a newly independent African country on the Red Sea, holds solid potential for mineral deposits, according to a report by R. Rumbold et Associes. “Almost the whole of the country consists of P…
Republic signs second Cuban letter
Vancouver-listed Republic Goldfields has signed a second letter of intent with the Cuban government to explore and develop a large, 2,100-sq.-km. concession on the eastern side of the island. The conc…
LAST BUT NOT LEAST — Preussag subsid to sell Ego cobalt
Cobatec, a wholly owned subsidiary of Ego Resources (TSE), will allow Amalgamet Canada to market cobalt products produced at Ego’s recovery plant near Cobalt, Ont. The plant, to come on-stream in the …
Asia Minerals advances Chinese joint venture
An independent feasibility study prepared for Asia Minerals (VSE) by Cominco Engineering Services has firmed up reserves at the QDS project in Shanxi province, northeastern China. The deposit is estim…
THE LATIN BEAT — Junior focuses on Peru copper belt
VSE-listed Thumper Resources is setting its sights on the Southern Peru copper belt. The junior can earn up to a 50% interest in a group of properties held by a private company controlled by David Low…
LAST BUT NOT LEAST — Green light for Hedley tailings
With a mine development certificate in hand, Candorado Mines (VSE) is poised to start processing gold tailings near Hedley, B.C. Using heap-leaching methods, a unit of the company plans to process tai…
LAST BUT NOT LEAST — Commercial to sell tremolite property
An offshore buyer has offered to acquire Commercial Industrial Minerals’ (CDN) tremolite industrial mineral property, 250 km northeast of Toronto. The offer, which consists of cash and a limited royal…
LAST BUT NOT LEAST — Formosa served closure order
The Oregon Department of Geology and Mineral Resources has issued Formosa Resources (VSE) a closure order for the Silver Butte base metal mine near Riddle. The order was issued pending the company pos…
Gold dips to $350
The price of gold broke out on the downside Sept. 7, shedding more than US$14 per oz. to close at $350.10 on the Commodity Exchange of New York (Comex). Late the next day, the price was holding firm -…
Northfield issues private placement
Toronto-based Northfield Minerals (ASE) hopes to raise $600,000 through a private placement of more than 1.3 million units at 47.5 centsper unit. Each unit consists of one share and one warrant. A war…