EXPLORATION AND DISCOVERY: COBALT
The cobalt content of metal concentrates produced in Canada in 1992, as reported in the statistical tables, is 2.2% higher than in 1991. However, the worth of the 1992 production, $136.9 million, is 7…
News
NEWS ROUNDUP — Starmin, Adex drill at Negros
Partial assays from drill hole 93-01 within the copper zone of the main orebody at the Asia Pacific project on the Philippine island of Negros intersected 285 ft. (50-335 ft.) of 0.68% copper, Starmin…
EXPLORATION AND DISCOVERY: NON-FERROUS METALS
ALUMINUM By Patrick Chevalier The international aluminum industry faced another difficult year in 1992. Western World demand for aluminum increased slightly over 1991. However, increased world product…
NEWS ROUNDUP — Reserve increase at Myra Falls
After milling 1.17 million tonnes last year, mine operator Westmin Resources (TSE) reported a significant increase in proven and probable geological reserves at its Myra Falls mine near Campbell River…
Echo Bay reports loss for 1992
Gold miner Echo Bay Mines (TSE) has reported a net loss of US$31.7 million last year, compared with net earnings of US$6.8 million in 1991. Contributing to the loss were writedowns of US$14.9 million …
Canadians option project in China
The economic boom in the People’s Republic of China is being fuelled in part by burgeoning foreign investment in almost every industry sector. Asia Minerals, a private company formed by a group of Van…
Bitterroot studies garnet project
A sampling program to establish size and grade of a garnet resource is being planned by Bitterroot Resources (VSE) for its newly leased Williams property in Mohave Cty., Ariz. The road accessible clai…
Placer releases resource estimates
In addition to previously announced ore reserves of 18.4 million oz., Placer Dome (TSE) estimates that it holds measured and indicated resources totalling 8.5 million oz. gold at its mines and 8.3 mil…
More about diamonds (February 22, 1993)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. — Ashton Mining of Australia has elected to exercise the buyback clause in its joint venture agreemen…
EDITORIAL PAGE — Capital spending plans
The good news is that governments are paying more attention these days to aging infrastructure, such as roadways and sewage systems. The bad news is that drivers using newly constructed highways may f…
Cameco to supply Ontario Hydro
Saskatoon-based Cameco (TSE) says it has secured a 7-year agreement to provide Ontario Hydro with more than 2.7 million lb. of U3O8. The company says the uranium, to be supplied from Cameco’s Saskatch…
Metall proposes Minnova takeover
A proposal has been made by Metall Mining (TSE) to acquire all of the shares of Minnova (TSE) that it does not own at a price of one Metall common share and $4 for each Minnova common share. Metall ac…