Beijing conference set for 1993
Gold mining technology will be the theme of an international conference June 15-17, 1993, at Beijing. The International Symposium on Gold Mining Technology will be sponsored jointly by the China Natio…
News
Cheni works to restructure long-term debt
With economic reserves essentially exhausted and a balance sheet in critical condition, Cheni Gold Mines (TSE) is working to refinance its bank debt as well as restructure the company’s long-term liab…
Vancouver Stock Exchange (March 16, 1992)
A review of trading activity in February for the VSE indicates that the market retained much of its momentum from January, with 381 million shares traded at a value of about $401 million. The trading …
OBITUARY (March 16, 1992)
Norman C. Croome, who has been active in the mining industry for 45 years, died recently. He was 71. Born in Rainy River, Ont., Croome graduated in civil engineering and geological studies from the Un…
Goldteck holdings
Discussions are under way with Teck (TSE) to sell to Teck the Canadian mining properties of Goldteck Mines (TSE), the latter reported. Goldteck also reported that it understands that Teck, Greater Tem…
PRODUCER PRICES (March 16, 1992)
ALUMINUM: MW U.S. market US61-62 cents per lb. (Feb. 27, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CADMIUM: …
Wharf opposes United Coin mine deal
Wharf Resources (TSE), the largest unsecured creditor of United Coin Mines (TSE), says it will fight to have a recent agreement between United Coin and MinVen Gold (TSE) revoked. Under the agreement, …
Montreal Exchange (March 16, 1992)
The market turned down during the week ended March 10. The mining and minerals index slipped by 8.1 points and the market portfolio was off by 33.7 points. Daily trading volumes ranged between 3.9 mil…
Denison ends 35-year run of Elliot Lake uranium mining
A brief ceremony March 11 in Elliot Lake, Ont., marked the end of 35 years of uranium mining by Denison Mines (TSE) in the northern Ontario community. President Bill James presided at the mainly symbo…
Mexico keeps up pressure to boost exploration
Within the next few months, the Mexican government will take another step toward full privatization of its mining sector by selling three million hectares of mineral lands. Having already sold its vas…
Exall begins work in Guyana
Toronto-based Exall Resources (TSE) has signed an agreement to acquire the exclusive right to explore for and develop alluvial gold and diamond deposits along a section of the Mazaruni River in Guyana…
FINANCING (March 16, 1992)
Melinga Resources Ltd – 1,700,000 units consisting of 1 sh and 1 series A purch wt offered @ $1.04 per unit. Gold Giant Minerals Inc – 700,000 shs offered @ 35 cents per sh. Arizona Star Resource Corp…