Granges settles Oxford suit
A suit dating back to 1989 over a 9.167% interest in the Trout Lake polymetallic mine in Manitoba is now settled. Granges (TSE) acquired the interest from Outokumpu on March 22, 1989, prompting Oxford…
News
More drilling planned for Sulphurets properties
Exploration programs totalling $1.6 million were approved for the 1993 field season on two Sulphurets properties in northwestern British Columbia. About $1.1 million will be spent on the Bruceside pro…
More about diamonds (February 15, 1993)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. — Aaron Oil (ASE) has terminated discussions with Monopros related to exploration on Aaron’s claims n…
Positive Chaucha project report leaves Kookaburra confident
The recent completion of a preliminary technical and economic study on the Chaucha copper project in Ecuador has Kookaburra Resources (VSE) confident in the project’s potential and eager to proceed wi…
EDITORIAL PAGE — The business of risk
It’s not uncommon these days to hear speakers, who like to philosophize and theorize about life’s many different activities, refer to the mining industry in Canada as “mature.” Something along the lin…
Barrick announces record output, earnings for 1992
For the seventh consecutive year, American Barrick Resources (TSE) has posted record production and earnings. The company produced more than 1.3 million oz. gold in 1992 compared with 789,846 oz. in 1…
Cabot becomes sole Tanco owner
Full ownership of Tantalum Mining Corp. of Canada (also known as Tanco) has been acquired by Cabot Corp. of Boston. Cabot, which owned a 37.5% interest in the Manitoba tantalum and lithium producer, a…
PRODUCER PRICES (February 15, 1993)
ALUMINUM: MW U.S. market US56-57 cents per lb. (Jan. 28, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…
Russian conference on industrial minerals
An international conference on industrial minerals will be held in Petrozavodsk, Russian Karelia, Sept. 7-14. English will be the language used at the conference. The meeting, arranged by the Russian …
LATIN AMERICA — Pacific Rim acquires Argentine option
An option on a polymetallic massive sulphide project in Argentina was recently acquired by Pacific Rim Mining (VSE). The property, known as La Colorada, covers 55,000 hectares and is accessible by roa…
Placer Dome eyes Stockade Mountain
A recent letter of intent sets the stage for a wholly owned unit of Placer Dome (TSE) to earn up to a 70% working interest in Carlin Gold’s (ASE) Stockade Mountain gold property in Malheur Cty., Ore. …
Drill program planned for Alabama property
Joint venture partners Orvana Minerals (TSE) and the U.S. subsidiary of Placer Dome (TSE) recently approved a US$150,000 exploration program for the Alabama Gold project in eastern Alabama. Placer can…