U.S. Mining Law repeal given committee nod
The interior and insular affairs committee of the U.S. House of Representatives recently approved legislation to repeal the Mining Law. Under the amended legislation, a new system for acquiring rights…
News
Westar directors tender resignations
Six members of the 9-person board of directors of Westar Mining (TSE) of Vancouver resigned recently. The coal miner says the resignations were prompted by exposure to potential personal liability whi…
Roman buying Exall interest
Stephen Roman, president of Exall Resources (TSE), has acquired an option to purchase Denison Mines’ (TSE) interest in Exall. In a separate agreement, Exall has arranged a private placement of shares …
LATIN AMERICA — Jordex negotiates Bolivian joint venture
Vancouver-based Jordex Resources (VSE) says its subsidiary Tiwanacu has been selected by Combiol to enter final negotiations concerning joint venture production from the Bolivar zinc-silver mine in Bo…
Canadian Overseas mining diamonds
Just months after its revival on the Vancouver Stock Exchange, Toronto-based Canadian Overseas Exploration (VSE) has recovered 2,293 diamonds weighing a total of 1,096 carats from its joint venture op…
Industrial minerals focus of conference (July 27, 1992)
A 2-day conference focusing on major markets for industrial minerals, Industrial Minerals ’92, is scheduled to take place Oct. 20-21 at Toronto’s King Edward Hotel. Markets and products to be covered …
Insider Trading — Mentor increases Agnico interest
Mentor Exploration (TSE) recently upped its exposure to any developments at Agnico-Eagle Mines’ (TSE) Joutel division in Quebec where a new gold find has helped drive the shares to a 52-week high of $…
PROFILE — Dynatec’s Dengler debunks industry-defaming myths
Copper is the “metal of the 1990s,” says Robert Dengler, chairman and chief executive officer of Dynatec International. Today the average single-family home in North America requires 422 lb. copper, c…
Curragh plans strip coal mine in Nova Scotia
Environmental approval is all that is needed for Curragh (TSE) to open a strip coal mine at Stellarton, N.S. The project is three kilometres from the Westray mine where an explosion in May killed 26 m…
Hughes Lang makes new offer for control of Nova-Cogesco
Less than two weeks after Vancouver-based Hughes Lang (VSE) withdrew a bid for control of Nova-Cogesco Resources (ME), the Vancouver company has come up with a second offer. Under the latest proposal,…
High-grade northern assays spark interest in San Andreas
The Northwest Territories once again dominated investor interest on western markets, although this time it wasn’t diamonds and gold generating all the excitement. San Andreas Resources reported some h…
PRODUCER PRICES (July 27, 1992)
ALUMINUM: MW U.S. market US59.75-60.75 cents per lb. (Jul. 9, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CAD…