Minorco purchase
A 49% interest in the large copper-uranium Olympic Dam mine in Australia has been sold, pending regulatory approval, to Minorco of South Africa for US$456 million by British Petroleum Co. The other 51…
News
NEWS ROUNDUP — Madeleine cancels consolidation plan
A letter of intent allowing Madeleine Mines (TSE) to acquire the remaining 50% interest in the Lac des Iles palladium-platinum project from the Sheridan Platinum Group has been terminated. The Sherida…
LETTERS TO THE EDITOR — Preparing `whiz kids’ with salable
Your editorial “Blue-collar whiz kids” (T.N.M., Nov. 30/92) is timely and accurate. Dropouts aside, there are young graduates from high school without any salable skills. Some government-funded traini…
Mining the benefits of computer technology
Are computers making a positive contribution in mining companies or are they viewed as a necessary cost of doing business? When we read business articles on computing, we see the same companies brough…
Lac’s Irish deal on hold because of legal dispute
A legal dispute has suspended Lac Minerals’ (TSE) plans to purchase a holding company that owns Chevron’s mineral interests in Ireland. The property portfolio includes a 52.5% interest in the Lisheen …
STOCK MARKETS — Juniors generate investor interest with
Western markets continued to gain ground during the week ended Dec. 15, adding to an extended and predominantly diamond-related rally. The Vancouver Stock Exchange resource index closed up by more tha…
TORONTO STOCK EXCHANGE INDICES (December 21, 1992)
Dec.15 Dec.14 Dec.11 Dec.10 Dec.9 High Low Composite”300″3264.61 3262.02 3267.49 3270.24 3285.49 4009.47 3009.91 Metals&Minerals 2760.37 2772.92 2789.81 2773.87 2797.21 3453.06 2502.63 Integrated Mine…
Drilling tests zone at Brewery Creek
Assay results were released by Loki Gold (VSE) from three of four holes drilled by partner Hemlo Gold Mines (TSE) at the Brewery Creek gold project near Dawson City, Yukon. The holes were drilled to f…
NEWS ROUNDUP — Some Westray charges withdrawn
More than half of the 52 charges laid by the government of Nova Scotia against the operator and four managers of the closed Westray coal mine have been dropped. Operator Curragh (TSE) and four manager…
Kam Kotia base metal property given new lease on life
In early 1992, after four years of negotiations, Falconbridge signed an agreement with the Ontario government which permits exploration to occur on the old Kam Kotia mine property near Timmins, Ont. T…
Virginia plans January drilling
A drilling program to confirm the source of mineralized boulders at the Sagar-III gold-uranium property in the Labrador trough area of Quebec should start in January, Virginia Gold Mines (ME) says. An…
Province reduces Potash ownership
Ownership of Potash Corp. of Saskatchewan (TSE) continues to shift more and more to the general public. The Saskatoon-based company said Saskatchewan’s interest in the potash producer is dropping to a…