Newfoundland alters mining tax law
Newfoundland and Labrador have changed their mining tax policy to encourage investment. Provincial corporate taxes will now be creditable against mining taxes for a mine’s first 10 operating years. Al…
News
Tri Origin resumes drilling
A 2,000-metre program is under way at the Lewis Ponds polymetallic prospect in Australia, reports Tri Origin Exploration (TSE). The drilling is intended to expand a known inventory of 1.5 million tonn…
ODDS’N’SODS — High-stakes poker games one cure for cabin
The isolation of many mining camps can affect workers in various ways. Over the years, and at numerous operations, I have observed that the poker game is most likely to occupy idle miners. At times, t…
METALS MARKETS — Companies work to reduce costs
Metals markets continue to be roiled by conflicting economic reports. Amid the lingering recession, quiet consumer demand and growing inventories, miners and manufacturers are attempting to optimize p…
Home Ventures in private placement
Vancouver-based junior Home Ventures (VSE) has agreed to a private placement of one million units at 25 cents per unit to raise $250,000. Each unit consists of one Home Venture common share and one no…
LETTERS TO THE EDITOR — Politics, Shoal Lake water don’t
I have been hearing a lot about mining developments at Shoal Lake in northwestern Ontario. So far, there has been a lot of heat but no light from Manitoba. Comments in the local press attributed to Co…
Inflation traps residents of Russia’s northern climes
Dreams of saving money in Russia’s barren Arctic to buy a home and retire to the temperate south have perished in the grim reality of inflation. Officials say more than 800,000 of the Russian Arctic’s…
LETTERS TO THE EDITOR — Pronto details are clarified
Your tribute to Paul Young (T.N.M., Mar. 8/93), longtime mining engineer and mine manager with Rio Algom, contained some minor inaccuracies deserving of clarification. The Pronto mine (1955-1960), fir…
LATIN AMERICA ROUNDUP — Drilling planned at Alamos project
Surface drilling of the Alamos property in Sonora, Mexico is planned by Tenajon Resources (VSE). The property hosts several targets that, collectively, could develop into a heap-leach operation employ…
Etruscan to test Hackett property
A $500,000 private placement by Etruscan Enterprises (VSE) will be used to explore its Hackett River property, 160 km northeast of Lac de Gras, N.W.T. The placement consists of 320,513 shares at a pri…
EDITORIAL PAGE — Well-deserved honor
It came as absolutely no surprise that Dia Met Minerals’ Charles Fipke was crowned Prospector of the Year at the annual convention of the Prospectors and Developers Association of Canada. He was the h…
Safety program tested at Cluff Lake
Workers at Cogema Canada’s Cluff Lake uranium mine in northern Saskatchewan are the first in Canada to use a training program in radiation protection. Designed at the Canadian Institute for Radiation …