Compensation report cause for concern
Undeveloped mineral deposits in British Columbia could be expropriated by the provincial government for exploration costs over the last five years if the recommendations of a recent commission of inqu…
News
Land access rights focus of mineral outlook conference
The president of Westmin Resources (TSE), Walter Segsworth, speaking here at the recent 10th Mineral Outlook Conference, summed it up nicely: “Canada needs mining and mining needs land.” Segsworth spo…
LETTERS TO THE EDITOR — Lauding coverage of offshore
I would like to compliment The Northern Miner and the Southam Mining Group on their expanding coverage of global mining issues, especially projects elsewhere in the Americas. I have particularly enjoy…
Diamond play recovers from core contamination
The credibility of the Lac de Gras diamond play suffered a serious blow recently when the Aber-Commonwealth-SouthernEra joint venture mistook synthetic drill bit diamonds for natural stones derived fr…
NEWS ROUNDUP — Cross Lake in option deals
An option to earn up to a 70% interest in 18 claims in Fox and Stimson twps. 45 miles northeast of the Kidd Creek operation near Timmins, Ont., has been negotiated by Noranda Exploration with Cross La…
Bank backs Teck’s Balmer bid
An offer by Luscar to buy the Balmer and Greenhills coal mines in southeastern British Columbia was blocked by a creditor of the mines’ former owner, bankrupt Westar Mining. The Bank of Montreal oppos…
Ontario conducts environmental tests
Prompted by concerns about environmental impact of previous disposal practices, Ontario’s Ministry of Northern Development and Mines has commissioned a geotechnical assessment of soil and groundwater …
NEWS ROUNDUP — NCG acquires control of Nova-Cogesco
Following a successful takeover bid, NCG Acquisition, a unit of Hughes Lang (VSE) and its 53% owned subsidiary Orofino Resources (TSE), has acquired about 51% of the outstanding shares of Nova-Cogesco…
EXPLORATION ’92 — Maria mine records strong performance
The Maria copper mine in Mexico, 49% owned by Cominco Resources International (TSE), achieved during the third quarter, the highest level of operating profit since startup in 1990, the company reporte…
EDITORIAL PAGE — Blue-collar whiz kids
Global competition is making it more evident that corporate Canada has under-invested in its workforce, that Ottawa has poured millions of dollars into poorly focused training programs and that the pu…
EXPLORATION ’92 — Lac boosts gold output, lowers costs
Gold production increased by 16% during the third quarter of 1992 while cash costs per oz. decreased by 23%, Lac Minerals (TSE) reported. In the first nine months of 1992, gold output increased almost…
Amax quarterly results slip
Third-quarter earnings for Amax Gold (NYSE) took a turn for the worse, sliding to US$700,000 from US$5.4 million for the same period last year. Earnings for the nine months ended Sept. 30 were also lo…