Some U.S. miners downsize Canadian operations
As 1992 comes to an end, many American mining companies have either closed or are planning to downsize their operations in Canada. Battle Mountain (Canada), a unit of Battle Mountain Gold (NYSE), anno…
News
ON THE LEVEL — Carrying aboriginals costly
For a government teetering on bankruptcy, Ottawa keeps right on spending like a drunken sailor. And I’m not referring to that asinine squandering of $4.3 billion for 50 of the world’s most sophisticat…
Miramar acquiring Cuban interests
Through an arrangement with Australian-listed Matlock Mining, Miramar Mining (VSE) reports the acquisition of an interest in the Hierro copper project and the Delita gold project in Cuba. Matlock hold…
Russian conference invites papers
Organizers of an international symposium on complex ores utilization, which will be held in Saint Petersburg May 10-20, 1994, are inviting submissions of papers. Topics include ore dressing, hydrometa…
PEOPLE — SWAY RESOURCES
John Carson appointed president and director; William Yahnke and Edward Carson appointed directors.
PEOPLE — IMCO RESOURCES
J. Simpson appointed director.
Teck subsidiary buys Balmer mine
A wholly owned subsidiary of Teck (TSE), Elkview Coal Corp., has completed the purchase of the Balmer coal mine in the Elk River Valley of southern British Columbia. The purchase price includes a cash…
Toronto Stock Exchange Indices (December 28, 1992)
Dec.22 Dec.21 Dec.18 Dec.17 Dec.16 High Low Composite”300″3313.52 3310.39 3320.41 3304.33 3296.15 4009.47 3009.91 Metals&Minerals 2751.18 2743.63 2748.63 2741.81 2797.21 3453.06 2502.63 Integrated Min…
Metal prices in sharp decline
The metal and mineral sub-index of Scotiabank’s commodity price index suffered another sharp decline in November. After improving earlier in the year, the sub-index has fallen below the previous low i…
Russian geologist sheds new light on diamond exploration
Companies exploring for diamonds in Canada are too focused on heavy mineral sampling, says Galina Kudrjavtseva, a professor of mineralogy at Moscow State University who specializes in kimberlites. Spe…
U.S. ROUNDUP — Minefinders pleased by results
An initial 1,100-ft. reverse circulation drill program has been completed by Minefinders (VSE) on the Sawyer gold property in North Carolina. The program was carried out in the central portion of the …
Toronto to host biggest mining show
Plans for Toronto ’94, billed as the nation’s largest mining show ever, are under way. Convention organizers intend to attract 4,000 participants and 300 exhibitors from all over the world. Sponsored …