RTZ and BP terminate Olympic Dam agreement
London-based RTZ Corp. and British Petroleum have agreed to terminate agreements relating to the proposed assignment to RTZ of BP’s 49% inter est in the Olympi c Dam copper/uranium mine in South Austr…
News
Camreco needs $4.5 million for Goldlund
Initial results of a final feasibility study indicate that at least $4.5 million would be required to re-open the former Goldlund mine owned by Camreco Inc. ( TSE) in northwestern Ontario. The past-pr…
Orcana to earn in on East Sullivan
Toronto-based Orcana Resources (VSE) recently optioned 18 claims adjoining the northern boundary of the East Sullivan base metal property near Val d’Or, Que. Situated west of the Aur Resources (TSE)…
Noranda, Trelleborg succeed in offer for Falconbridge
The bidding is officially over and Noranda Inc. (TSE) and Trelleborg AB of Sweden are the new owners of nickel producer Falconbridge Inc. (TSE). The partners report more than 95% of the outstanding co…
Can-Mac Sept. 15
Initial underground sampling of the Mon gold property by Can-Mac Exploration (VSE) has returned high grade gold values which exceed original estimat es, the co mpany says. Acquired from Cominco Ltd., …
Native groups support development plans for Eskay Creek
Officials of Calpine Resources (VSE) recently met with British Columbia native groups and officials from the Department of Indian and Northern Af fairs to discuss development of the Eskay Creek gold p…
Phelps Dodge eyeing Canadian projects
After recently establishing a new regional office in Toronto, Phelps Dodge of Canada is gearing up to become more active in the Canadian mining scene. The company is a wholly owned subsidiary of Phelp…
McNickel sheds 25 cents COATS (over-the-counter)
A sell-off involving the shares of Toronto-based McNickel Inc. continued again this week. The McNickel issue shed 25 cents to close at $1.25 after a total of 3 1 transactions took place on a volume…
Oneida US Page Sept 19
Placer Dome (TSE) has elected to exercise its option to buy 600,000 shares ofOneida Resources (VSE) at $2.25 per share. Placer had previously purc hased 400,0 00 Oneida shares from treasury at $1.75 p…
Brookbank exploration on track despite suit
Although an on-going legal dispute still overshadows the Brookbank gold property owned by Metalore Resources (TSE) near Beardmore, Ont., a majo r exploration p rogram is quietly under way by Placer Do…
Placer Dome options Fairfield gold discovery
A drill program will begin next month on the Elk property where Fairfield Minerals (VSE) recently made a high grade gold discovery. Easily accessible by road, the Elk property is mid-way between Peach…
September 19, 1989
Shed no tears for Bill James. The former president and chairman of the board at Falconbridge may be among the unemployed now that Noranda and Trelleborg hav e successfully bid for ownership of the n…