Flag Res. drills at Wanapitei
A deep hole to test the centre of the western magnetic peak of the Wanapitei anomaly near Sudbury, Ont., is under way, reports Flag Resources (ASE). Flag has a 100% interest in 26,000 acres covering t…
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BMR, Rea join forces
The recent joint-venture agreement between BMR Gold (TSE) and Rea Gold (TSE) will lead to a 2-phase development and operation program at BMR’s Comstock gold project near Carson City, Nev. Rea Gold wil…
Royalty of 12.5% proposed by new U.S. administration
The Clinton administration in the U.S. is proposing a 12.5% royalty on hardrock minerals mined on public lands. President Bill Clinton’s economic plan to revive the American economy would also see a t…
Royal Oak proposes acquisition of Colomac
In a deal that works out to be roughly 5 cents on the dollar, Royal Oak Mines (TSE) is proposing to acquire the Colomac gold mine and related assets 130 miles north of Yellowknife, N.W.T. The acquisit…
Exploration funds move southward
Gold companies in the U.S. are moving large portions of their exploration budgets to Latin America, where government leaders are actively revising mining laws to attract foreign investment, according …
EDITORIAL PAGE — The restrictions grow
Some rules are required to make life bearable for all but it almost goes without saying that if you make the regulations too restrictive, the activity — business, sporting or whatever — is bound to …
McKnight leads Asian trade delegation
A Canadian business delegation led by Energy, Mines and Resources (EMR) Minister William McKnight is currently visiting Thailand, Korea and Japan. “These countries are important trading partners for C…
LETTERS TO THE EDITOR — Comparison not justified
In a recent article (T.N.M., Feb. 15/93) concerning the initial results obtained from the Outlet Bay diatreme, a comparison was made between the discovery of a microdiamond from this location and the …
Kennecott adds to coal assets
Fresh from its anouncement of the acquisition of Nerco (NYSE), Kennecott says it has agreed to purchase Cordero Mining Co. which operates a low-sulphur coal mine in Wyoming’s Powder River Basin. Nerco…
MSV makes Chibougamau mining plans
The mining assets of Westminer Canada, including the Copper Rand and Portage mines and the 3,000-ton-per-day concentrator in Chibougamau, Que., have been purchased by MSV Resources (ME), which wants t…
Zigarlick offers observations on mining in Canada’s North
“I’m now retired but busier than ever,” John Zigarlick, former president of Echo Bay Mines (TSE), told a recent luncheon meeting of the Toronto Branch of the Canadian Institute of Mining, Metallurgy a…
EDITORIAL PAGE — Time to call it a day
We may never know what finally persuaded Prime Minister Brian Mulroney to announce his resignation, but we hope it had nothing to do with the current languishing conditions of the mining industry. Fir…