Epp urges miners to voice land-use views
At the 8th annual mineral outlook conference held in Ottawa recently, Minister of Energy, Mines and Resources Jake Epp advised miners to get involved early in the consultation phase on the issue of la…
News
Multi-purpose drill rig system seen as a major innovation for the
Hailed by some as the most exciting and innovative development in the drilling industry since the introduction of the wire-line core system, the multi- purpose drill rig system is expected to adapt we…
Toronto Stock Exchange Familiar factors combine to depress share
In a week when the Canadian government was offering a 11.5% return on Canada Savings Bonds, it was hardly surprising that equity investors were taking their profits and sheltering their money elsewher…
B.C. increases grants
Mineral prospectors will get help from British Columbia’s $500,000 Prospector’s Assistance and Training program. “These grants help the prospectors of today search for the mines of tomorrow,” said Min…
Gulf takes Asamera off selling block
Gulf Canada Resources has taken the “for sale” sign off the U.S. and Canadian mineral assets of subsidiary Asamera Minerals (TSE). At Asamera’s recent annual meeting in Calgary, Chairman Chuck Shultz …
Placer Dome’s output rises 46% in quarter
First-quarter gold production for Placer Dome increased by 46% (TSE) to 337,000 oz., compared with 230,000 oz. in the comparable year-earlier period. New mines not in production a year ago added 120,0…
Alberta Stock Exchange Storimin gains 12 cents
A handful of junior gold mining stocks managed to shake their lethargy and post modest gains for the week ended May 15. Among the advancing issues was Storimin Explorations which holds a 50% stake in …
Vancouver Stock Exchange Prime to spend $24 m. in Arch
With gold prices still hunkered down well below the US$400 threshold, trading activity in Vancouver remained at modest levels with most of action generated by Murray Pezim’s Prime group of companies. …
Noramco options B.C. copper-gold bets
Two Noramco group companies recently entered into agreements allowing Noramco Mining (TSE) to earn interests in two separate copper-gold projects near Nelson, B.C. Golden Lake Resources (VSE), which h…
New projects mean new challenges for Cominco
The challenges involved in starting several new operations dominated the recent annual meeting of Cominco (TSE). President Robert Hallbauer told shareholders that the company was applying its consider…
Cambior acquiring 100% of Chimo mine
Gold producer Cambior (TSE) has reached an agreement to purchase the 50% interest in the Chimo mine it does not own from Societe Miniere Louvem (TSE). Cambior will pay about $6.4 million for Louvem’s …
PEOPLE INGERSOLL-RAND
Daniel Kletter elected vice-president. He also remains president of the company’s Construction Equipment Group.