Inco to cut staff
Mining giant Inco (TSE) will cut its payroll by at least 500 employees through attrition over the next two years, but the company says there will no layoffs from its 9,700-strong primary metals workfo…
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Alaska minerals
This year’s convention of the Alaska Miners Association, Nov. 2-6, will highlight the state’s porphyry gold and the mineral potential of public lands. More than 50 exhibitors will display their goods …
Diamond cartel relies on deep pockets
As more and more Canadian companies join the rush for diamonds, the market for their discoveries is looking increasingly vulnerable. A recent flood of gem-quality diamonds from Angola, where an estima…
Golden Giant output to fall in ’93
After being in control for just over a year, Hemlo Gold Mines’ (TSE) new management team appears to be achieving its corporate objectives of making the company a low-cost producer and environmentally …
MINER DETAILS — Madsen puts hope in `Mr. Chibougamau’
Our readers love to take us to task; for stories not written, for biased reporting, for outright mistakes. But we are also asked for information. “About Red Lake Buffalo Resources,” writes A.B. from W…
LATIN AMERICA ROUNDUP — Nicaragua selling mining assets
The Nicaraguan government is selling some state-owned mineral assets, including two operating mines, that were nationalized when the Sandinista regime was in power. To be privatized are the operating …
NEWS ROUNDUP — Cominco delays increase in nickel output
A production increase planned for later this year was delayed by the owners of the Glenbrook nickel smelter because of current nickel market conditions. The smelter, near Riddle, Ore., is owned 50% ea…
LETTERS TO THE EDITOR — Sharing Senate seats
Forestry, mining and tourism are being handed from one government to another. The status quo of Northern Ontario resource-based communities may be eroded through the constitutional negotiations in nat…
NEWS ROUNDUP — Teck plans to drill Stratabound claims
Trenching and drilling are expected to get under way on the CNE/Captain group of properties in New Brunswick by year-end, reports property holder Stratabound Minerals (ASE). Teck (TSE) has completed a…
PROFILE — Howe stays ahead of crowd in diamond hunt
Years before the diamond fever flared up in the Northwest Territories, Peter Howe acquired a diamond property in central Africa for Ateba Mines. Recently, TSE-listed United Reef Petroleums farmed in f…
Updated study for Refugio deposit
Board approvals were received by Bema Gold (TSE) and Amax Gold (NYSE) to close a transaction whereby Amax will become a 50-50 partner with Bema to jointly finance and develop the Refugio gold project …
Drilling starts in Saskatchewan
With three projects slated for drilling this coming fall and winter, Pine Channel Gold (VSE) expects to rank among the more active junior companies in northeastern Saskatchewan. The company recently a…