Asarco to earn Col interest
A recently signed joint venture agreement between Kookaburra Gold (VSE) and Asarco (NYSE) gives Asarco the option to earn a 70% interest in the Col property by spending a total of $10.35 million. The …
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Alberta Stock Exchange Cheminis ready to roll
Up five cents to close at 70 cents for the week ended June 4, Northfield Minerals has started work at the Cheminis gold mine near Virginiatown, Ont., and expects to process its first ore within two mo…
Akiko negotiating joint venture
If all goes as planned, Akiko-Lori Gold Resources (VSE) and three associated companies expect to announce shortly the formation of a Canadian joint venture with Gold Fields Canadian Mining. Akiko-Lori…
Potash workers accept contract
Employees at Noranda’s (TSE) Central Canada potash mine recently voted 66% in favor of a new 2-year wage contract that provides for a 10.2% wage increase over the life of the contract. Set to expire A…
Ontario’s new Act sparks concern for survival
Under discussion for years, amendments to Ontario’s Mining Act known as Bill 71 were passed by the legislature Dec. 6, 1990, and became effective June 3 this year. Some of the changes it calls for wer…
Noranda, Placer Dome open Mexican offices
North America’s top mining companies are moving in to take advantage of the Mexican government’s attempt to attract investment by allowing foreigners to purchase full control of local concerns. Norand…
Chilean government allows Placer to evaluate Andacollo
A wholly owned Chilean subsidiary of Placer Dome (TSE) was recently awarded the right to evaluate the feasibility of developing a mine at the Andacollo porphyry copper deposit in northern Chile. The a…
Better stakes claims near Fish Lake
About 8,000 hectares of ground in a block 5×16 km was recently staked by Better Resources (VSE) near Williams Lake, B.C. The ground adjoins the large Fish Lake copper-gold porphyry deposit owned by Ta…
Greenstone’s Oronorte on target
The Oronorte property, wholly owned by Greenstone Resources (TSE), an underground gold mining operation about 96 miles in a direct line north-northeast from here, went into production in November, 199…
Uranium, Rio in discussions
Uranium oxide producer Uranium Resources (TSE) reported meeting with representatives of Rio Algom (TSE) and its affiliates to explore the feasibility of Rio making a proposal to acquire Uranium Resour…
View from the West Multiple use requires clear leadership
About 6% of British Columbia is currently set aside as park land. The proposals made last year by the British Columbia provincial government regarding potential parks and wilderness areas go a long wa…
Toronto Stock Exchange Barrick, Newmont talks spark Franco-Nevada
Talk of a possible merger involving Newmont Mining and American Barrick Resources provided a much needed shot in the arm to a long suffering gold sector during the week ended May 28. Accompanied by a …