LAST BUT NOT LEAST — Faraday redemption date
Toronto-listed Faraday Resources reports that its $1.20 cumulative, redeemable, retractable, convertible, first-preference shares, Series A, can be redeemed July 20. They are redeemable at $16.50 per …
News
LAST BUT NOT LEAST — Jarvis issues private placement
A private placement of 200,000 shares at $3 per share has been announced by Jarvis Resources (VSE). Regulators have yet to approve the placement, proceeds from which will be used for general purposes….
NEWS BRIEF (June 28, 1993)
Bruneau Mining Corp. (N.P.L.) Inc. (BRU:ME) has changed its name to Bruneau Minerals Inc. (BRM:ME) with a consolidation of capital on a 1-new-for-6-old-share basis. The transfer agent is Montreal Trus…
Mexican government focuses on environment
Until a couple of decades ago, terms such as “ecology,” “pollution,” “environmental protection” and “reforestation” were seldom heard in the Mexican mining industry. Today, they are not only heard eve…
SouthernEra’s Jennings bullish on Quebec’s Le Tac area
Ontario and Quebec * The Le Tac area of Quebec could become the next Lac de Gras, according to SouthernEra President Christopher Jennings who addressed shareholders at the annual meeting. “Quebec may …
Tax change affects diamond exploration
The minister of Energy, Mines and Resources Canada (EMR) and the finance minister are retroactively altering the income tax rules relating to diamond exploration. Effective Jan. 1, 1993, all diamond d…
LETTERS TO THE EDITOR — Cave-in research yields valuable
I have waited for a follow-up to the article “Cave-ins occur despite precautions” (T.N.M., Sept. 7/92), expecting some experienced mining engineer to lend a hand to those groping in the dark for the a…
SX-EW plant planned for Tuina
Partners International Mahogany (TSE) and North Lily Mining (NASDAQ) are working to finance installation of a solvent extraction-electrowinning plant at their Tuina open-pit heap-leach project near Ca…
Year-end production start expected for Cerro Colorado
Initial production from the Cerro Colorado porphyry copper deposit in northern Chile is expected to begin by year-end, Rio Algom (TSE) reports. Over an estimated 23-year life, 10,000 tonnes per day wi…
CHILEAN REVIEW — Outokumpu tests Chilean project
A potential copper deposit in northern Chile, about 140 km northeast of Antofagasta, has been reported by Outokumpu Copper Resources. Santa Catalina hosts preliminary reserves of more than 100 million…
Choquelimpie not quite finished
Mining operations have ceased at the Choquelimpie gold mine in northern Chile, owned 35% by Northgate Exploration (TSE), but more gold may yet be recovered. Northgate and its joint-venture partners un…
Conwest and parent Faraday to merge
Toronto-listed Conwest Exploration (TSE) and parent Faraday Resources (TSE) are amalgating. The company will continue to be known as Conwest. Pursuant to the merger, Faraday shareholders will receive …