News


OBITUARTY — A.D. Hellens

Alexander Daniel (Danny) Hellens, a consulting mining engineer who cut his teeth in the business in Ontario’s Cobalt silver camp, died recently in Toronto. He was 81. Born in Elk Lake, Ont., in 1911, …



Spot prices at a glance (August 31, 1992)

Week’s Price (US) Change Gold* $340.35 + $1.75 Silver* $ 3.65 – $0.15 Platinum* $349.50 + $1.75 Nickel** $ 3.30 + $0.04 Lead** $ 0.30 + $0.01 Copper $ 1.14 – $0.02 Zinc $ 0.63 + $0.01 Courtesy of Scot…


MSV transaction

MSV Resources (ME) says it will sell the more than 1.5 million shares of VSM Exploration (TSE) it owns to Cambior (TSE) at 50 cents per share. MSV also plans to sell to Cambior any shares it purchases…


Shareholders OK Canarc merger

A proposed merger between Canarc Resource (VSE), Suntac Minerals (VSE) and Rembrandt Gold Mines (ASE) recently received shareholder approval and the companies expect to obtain court approval shortly. …



LATIN AMERICA — New Mining Law for Mexico

Mexico’s 1992 Mining Law, which went into effect in June and which regulates Article 27 of the country’s constitution, lays the groundwork for bolstering the industry and its competitiveness, without …


NEWS ROUNDUP — CopperQuest options Kidd leases

An agreement recently signed between CopperQuest (CDN) and Zacherra Holdings will give CopperQuest the option to purchase three mineral leases in Kidd Twp., Ont. The leases lie just west of ground hel…




NEWS ROUNDUP — ASC declines to prosecute

The Alberta Securities Commission (ASC) says it won’t prosecute in the case of a $34-million investor immigrant fund which left 230 Asian investors in a state of anger. Claude Resources (TSE) used the…


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