Starmin financing
Starmin Mining (TSE) announced completion of a private placement, subject to regulatory and other approval, to an Alberta subscriber consisting of a minimum of 326,078 units and a maximum of 652,174 u…
News
EDITORIAL PAGE — A year to remember?
There’s no doubt that 1992 has been an excellent year for some, such as Canada’s diamond explorers, but won’t be so fondly remembered by others who need only mumble annus horribilis to make their feel…
Placer Dome acquires 50% stake in northern Chile copper
Major companies bullish about copper appear to be making Chile a prime hunting ground for new acquisitions. The latest is Placer Dome (TSE), which after completing a due diligence review, acquired a 5…
Nova-Cogesco buys Aurizon stake
A 6.6% interest in Aurizon Mines (TSE) has been sold to Nova-Cogesco Resources (TSE) by Hughes Lang (VSE) of Vancouver, the companies report. Nova-Cogesco is a 51% indirect subsidiary of Hughes Lang; …
Canarc nets 91% of Suntac
With the completion of a successful takeover offer for all the shares of Suntac Minerals (VSE) not already owned, Canarc Resources (VSE) will hold a total of 13,070,581 shares, or about 91% of Suntac’…
U.S. ROUNDUP — BHP to option X-Cal’s Nevada claims
The terms of a recent letter of intent agreement sets the stage for BHP Minerals to earn a 51% operating interest in each of three properties held by X-Cal Resources (TSE) in the Pipeline gold area of…
LETTERS TO THE EDITOR — Investors favor rigorous
This geologist commends periodic attempts by The Northern Miner to give a more complete picture of why the mining industry is in such a depressed state these days. Government policies have contributed…
PEOPLE — SILVER TALON MINES
Thomas Skimming and Lou Scatnigna appointed directors.
PEOPLE — CARMEL RESOURCES (December 28, 1992)
Mark Carvery appointed president and director; Lilly Strohmaier and Bob Thompson appointed directors.
Federal inquiry launched into Giant mine dispute
Royal Oak Mines (TSE) President Peggy Witte rejected a call from Canada’s minister of labor and mediators that the status of 45 terminated employees from the Giant mine be turned over to an arbitrator…
Benoit property players sort out their litigation
Litigation related to claims staked in the Benoit Twp. area of Quebec has in large part been resolved. Freewest Resources (TSE) and Ressources Minieres Canaco (ME) say Ressources Minieres Forbex (ME) …
PRODUCER PRICES (December 28, 1992)
ALUMINUM: MW U.S. market US54-55 cents per lb. (Dec. 11, 1992). 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. (Jun. 11, 1992). CA…