QMA proposes “savings plan” for mine closures
The Quebec Mining Association (QMA) introduced its new “environmental evaluation” at its annual meeting staged here recently and also proposed a “savings plan” that would allow mine owners to plan fin…
News
PEOPLE GLIDER DEVELOPMENTS (July 01, 1991)
Murray Pezim appointed chairman; Don Head appointed president; Atha MacKinnon-Andrew appointed vice-president; Chet Idziszek appointed director.
Royal Oak, dissidents agree on merger terms
Recent discussions between management of Royal Oak Resources (TSE) and a group of dissident shareholders of the Pamour group has resulted in an agreement for a proposed amalgamation between the compan…
PEOPLE MUNDEE MINES/THOR EXPLORATION
Wei Lew appointed president and director; Robert Downes appointed director.
PEOPLE FIRST IDAHO RESOURCES
Wei Lew appointed president and director; Robert Downs appointed director.
EDITORIAL PAGE Where we’re coming from
Statistics aren’t usually a good indication of where we’re going, but they can help clarify where we’ve been and what our strengths and weaknesses are. A report from Energy, Mines and Resources Canada…
Spot prices at a glance (July 01, 1991)
Price (US) Week’sChange Gold* $366.00 — $ 1.30 Silver* $ 4.42 — $ 0.01 Platinum* $374.90 + $ 6.65 Nickel** $ 3.80 — $ 0.06 Lead** $ 0.25 …
U.S.REPORT NEWS IN BRIEF Placer drills Jualin gold bet
A drill program by Placer Dome (TSE) has started on the Jualin gold project near Juneau, Alaska. The major may earn a 50% interest in the project from current 60/40 owners International Curator Reso…
Noranda deal boosts Hemlo’s growth plans
The recent offer of Noranda Inc. (TSE) to sell to Hemlo Gold Mines (TSE) all of its gold assets in exchange for 8.6 million common shares of Hemlo and about $10 million in royalties, was accepted rece…
U.S.REPORT NEWS IN BRIEF Rhodes drops Gold Basin
Murray Pezim, chairman of Consolidated Rhodes Resources (VSE), announced in early June that the company had terminated its option to earn a 50% interest in the Gold Basin gold property in Arizona. Rho…
Vancouver Stock Exchange Pezim making more waves
Drilling programs are just getting started in northwestern British Columbia, and brokers here are hoping for a major, new discovery to generate some excitement on the VSE. Trading activity is in a lul…
Research team applies theory of blasting to mine conditions
Damage to surrounding rock masses caused by development and production blasting in mines is the focus of an investigation by S.P. Singh, associate professor at Laurentian University’s School of Engine…