News

Less than a year after completing a restructuring, Galactic Resources (TSE) has filed an assignment in bankruptcy under the laws of Canada. After selling its 50% interest in the Ivanhoe gold property …

Gold production rose to almost 1.1 million oz. in 1992 from 885,571 oz. in 1991, Lac Minerals (TSE) reports. Production from all of the gold mines in which Lac has an interest totalled 1.14 million oz…

Dale Schwartzenhauer appointed vice-president, finance and corporate development.

Murray Pezim appointed chairman of the board, director, and president; Naren Majithia and Basil Pantages appointed directors.

Jeffrey Clevenger named president of Cyprus Copper.

R. Green, Jr., George Mealey, and Nicholas Moros elected directors.

Mining and the Environment — The Berlin Guideline. Published by Mining Journal Books, 60 Worship St., London, England EC2 A2HD. 180 pages. An international roundtable conference “Mining and Environme…

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 16 Feb. 15 Feb. 12 Feb. 11 Feb. 10 Copper 1530-1531 1557-1558 1559-1560 1563-15…

Exploration work in 1992 indicates three projects have the potential for substantial impact upon company gold reserves, Lac Minerals (TSE) reports. At the Red Mountain property in northern British Col…

A legal dispute between Gold Fields Mining and Placer Dome (TSE) relating to about 40% of the Pipeline gold deposit in Nevada will not be part of an asset exchange between Gold Fields and Santa Fe Pac…

Through staking and property options, Corner Bay Minerals (TSE) has acquired a 3,474-hectare land position in the Chihuahua state of Mexico, not far from the Texas border. Corner Bay will map and samp…

Production of zinc concentrate will be reduced in 1993 by 40,000-45,000 tonnes of contained zinc because of the worldwide surplus of zinc concentrate, Noranda Minerals, a unit of Noranda (TSE), report…