Falconbridge plans Raglan ramp
Falconbridge has elected to spend $35 million over the next 18 months on an underground exploration program designed to evaluate the potential of its Raglan nickel project in Ungava, Que. The decision…
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PEOPLE REDWING RESOURCES
Jefferey Johnson elected president replacing Neil Anderson; Kevin Johnson appointed a director and secretary; Dennis Fitzmaurice appointed a director.
NEWS IN BRIEF International Potential Explorations Inc.
International Potential Exploration Inc. (IEP:VSE) has changed its name to Banyan Industries International Inc.
EDITORIAL Interprovincial trade barriers must go
Nations of the world are rapidly forming trade alliances to create larger trading blocks — except Canada where interprovincial trade barriers are still considered an effective means to protect region…
LETTERS TO THE EDITOR Little reaction to land forfeiture
I read your article on “Catear forfeits Goldwedge for failure to pay $45 fee” (T.N.M., Mar. 25/91). Does this mean that Catear is now almost worthless? This is gross negligence. I thought that propert…
Penna faces OSC charges
Paul Penna, president of Agnico-Eagle Mines (TSE) and Goldex Mines (TSE), has been charged with two counts of illegal insider trading under the Ontario Securities Act. The charges relate to two incide…
Regulatory overlap delays plans for Falconbridge Gold
In order to meet regulatory requirements in two separate jurisdictions, Falconbridge Gold (TSE) has been forced to postpone exploration spending in Val d’Or, Que., delay a special shareholders’ meetin…
PROFILE Brunswick’s Carrington addresses labor dispute
At Brunswick Mining & Smelting, the newly appointed president, John Carrington, 47, has a daunting task ahead. Labor dispute and health issues have dogged the company since last summer. Recently, empl…
Unlisted Trading Holcorp trading heavy
Trading heavily for the past two weeks, Holcorp Gold Mines has agreed to pay US$3.75 million for TSC Enterprises, a subsidiary of copper producer Arimetco. TSC’s sole asset is the Emerald Isle Copper …
Miners like Alaska’s ‘pro-development’ strategy
After more than 16 years of state government ambivalence on resource development, the Alaska Miners Association is welcoming initiatives by a new “pro-development” administration looking to improve th…
Inuit bargain for land claims
The Inuit of the Eastern Arctic moved a step closer to a land claim settlement at a Resolute Bay meeting earlier this year between them and the federal government. Calgary consultant Robert McPherson,…
Tandem purchase
Tandem Resources (ME) recently purchased an additional 250,000 shares of North American Rare Metals (ME) on the open market for, Tandem said, investment purposes. Tandem now owns about 4.3 million sha…