Employees plan buyout at Balmer
Former employees of Westar Mining’s (TSE) Balmer coal mine here in the Canadian Rockies are learning all about uncertainty. To save their jobs in this picturesque town of 5,000, their union, United Mi…
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Kookaburra takes option on copper projects in Ecuador
A recent option agreement sets the stage for Kookaburra Gold (VSE) to acquire up to a 65% undivided interest in each of the Chaucha and Fierro Urco copper porphyry projects in Ecuador. The junior sign…
STOCK MARKETS — Dia Met, Commonwealth gain on diamond
Both the Vancouver Stock Exchange resource and composite indices managed to reverse a general market downtrend during the week ended Sept. 8. The resource index gained almost 12 points to close at 562…
Diamonds mined in Russian north
As cold and inhospitable as the north of Russia may be, the area produces a significant amount of minerals, including diamonds from open pit operations lying on both sides of the Arctic Circle. It was…
Sampling south of Lake Superior
A 3-company joint venture is exploring for diamonds in the Lake Superior region of the Michigan-Wisconsin area of the U.S. Owner of a 51% interest in the project is Ashton Mining of Australia. Ashton …
Mazarin to buy Quebec’s stake in asbestos mines
Junior Societe d’Exploration Miniere Mazarin (ME) is extending its mineral holdings into the asbestos field. The Quebec City-based company, with gold and copper exploration prospects but perhaps best …
NEWS ROUNDUP — Columbia postpones drill program
Plans for a large-scale drill program at the Spectrum gold property were postponed by Columbia Gold Mines (VSE) in order to conserve working capital during current depressed market conditions. The jun…
PEOPLE — ARIZONA STAR RESOURCE
Roger Richer appointed president; Kim Phillips appointed vice-president, administration.
PEOPLE — HEMLO GOLD MINES
Alex Balogh appointed chairman.
EDITORIAL PAGE — Cutting court costs
Going to court is expensive. The parties involved have to pay the direct fees, which add substantially to the cost of doing business for the mining industry. There is no reliable estimate of the amoun…
ON THE LEVEL — Warding off `penny dreadfuls’
Seldom do I feel any urge to applaud those ever broadening regulations imposed by burgeoning provincial bureaucracies that frequently seem hell-bent on strangling our mining industry. But surely few t…
LETTERS TO THE EDITOR — New minerals pact for Nova Scotia
The Nova Scotia and federal governments recently signed a $10-million co-operation agreement on mineral development. The province will contribute $3 million and the federal government, $7 million. The…