NEWS IN BRIEF (December 28, 1992)
Slocan Development Corp. Ltd. (SLO:VSE) has changed its name to International Slocan Developments Ltd. (ITD:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is…
News
LATIN AMERICA — Gold rush to Kilometre 88 district
An exploration boom in Venezuela’s Kilometre 88 district is expected to take on steam now that a growing number of companies have acquired concessions in the area. In late December, Mt. Grant Mines (V…
Calgary firm to study coal mining practices
Calgary-based Associated Mining Consultants (AMCL) has been awarded a contract through Canadian Commercial Corp. for a preparatory study of coal mining practices and the reclamation of coal-mined land…
U.S. ROUNDUP — Gold Express makes copper flat plans
Louisiana-based junior Gold Express (NASDAQ) is moving ahead with the financing of the US$50-million Copper Flat mine near Hillsboro, N.M. Mine construction is scheduled to begin in early 1993, with i…
COMMENTARY — Banking on the mining industry
Major Canadian banks have had a long tradition of financing mine development to commercial production in Canada. The banks’ interest gained momentum in the 1950s with the development of Canada’s urani…
Bougainville mine could be reopened
The recently elected prime minister of Papua New Guinea, Paias Wingti, has predicted that the 180,000-tonne-per-year Bougainville copper mine will be reopened within 12 months at a lower cost than pre…
U.S. ROUNDUP — Offer received for Golden Summit
An undisclosed senior mining company is proposing to further develop the Golden Summit property being explored by Freegold Recovery (VSE) near Fairbanks, Alaska. Freegold management expects to release…
U.S. ROUNDUP — Wharf assesses mine acquisition
Following completion of a detailed assessment of the Golden Reward mine near Lead, S.D., Wharf Resources (TSE) says it has identified the mine’s most pressing needs: — capital — the mine does not ge…
Retirement party set for Jan. 21
Friends and associates of M.R. (Mort) Brown will honor the retiree at a party Jan. 21, 1993, at the Ontario Club and Engineers’ Club (recently merged), fifth floor, Commerce Court South, downtown Toro…
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…
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…