Louvem shareholders OK reorganization
Shareholders of Societe Minere Louvem (TSE) have approved a plan to divide Louvem into two distinct public companies. A new company, Novicourt Inc., will retain Louvem’s 45% interest in the US$326-mil…
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STOCK MARKETS — Granges climbs to new high on news from
Shares of Granges Exploration got a jump start during the week ended Oct. 20 after its subsidiary, VSE-listed Hycroft Resources and Development, announced new reserve figures for the Crofoot/Lewis gol…
InterStar develops manganese deposit
The Tambao manganese mining project of InterStar Mining Group (CDN) in Burkina Faso (French West Africa) is nearing the commercial production stage, the company reports. InterStar says it plans to emp…
GUEST COLUMN — Enshrining native self rule in Canada’s
New constitutional provisions enshrining aboriginal self-government have prompted expressions of grave concern from some associated with Canada’s resource industries. Ostensibly this concern is rooted…
LETTERS TO THE EDITOR — CIM journal
In his letter to the editor (T.N.M., July 20/92), W.G. Wahl suggests that the journal Exploration and Mining Geology, launched by the Geological Society of the Canadian Institute of Mining, Metallurgy…
Mazarin confident that market for asbestos about to improve
The new controlling shareholder of Asbestos Corp. (TSE) is projecting rising sales and prices for asbestos. Societe d’Exploration Miniere Mazarin (ME) says that for Quebec producers of asbestos, the m…
Murray Brook drilling cuts good grades NovaGold confirms
Results from 12 inclined holes at the Murray Brook mine in northern New Brunswick confirm that a significant primary copper zone underlies the lower-grade supergene layer now being mined. Testing 350-…
MINING IN MEXICO — Kalahari, Kennecott partners in Mexico
An active player in the diamond rush in Canada’s Northwest Territories, Kalahari Resources (VSE), has also taken on several exploration projects in Mexico. Earlier this year, the company announced det…
Ontario report lists incentives, seeks advice
Ontario is calling for a strategic partnership between the province’s mining industry and the provincial government to address issues facing the industry. In a recent discussion paper, the Ontario Min…
NEWS ROUNDUP — NovaGold starts copper production
Open pit mining is now under way on the copper zone at the Murray Brook mine in New Brunswick, reports owner NovaGold Resources (TSE). The company will ship its first load of copper concentrate to Fal…
NEWS ROUNDUP — Sherritt offering raises $60 million
A $60-million public offering of 7.5 million Sherritt Gordon (TSE) units closed recently. The units, consisting of one common share plus one-half a warrant, were sold on a bought deal basis for $8 eac…
NEWS ROUNDUP — Wharf purchases Golden Reward mine
A purchase agreement that gives Wharf Resources (TSE) a 60% interest in the Golden Reward gold mine near Lead, S.D., for US$21.3 million is complete. Under a new partnership with MinVen Gold (TSE), Wh…