Watts, Griffis wins contract
A $7-million contract has been awarded to Watts, Griffis and McOuat, a Canadian geological consulting company by the Ministry of Petroleum and Mineral Resources of Saudi Arabia. A team of 15 Canadian …
News
Operating Canada’s Mines Challenge and excitement drive IMC’s
David Kelland chose mining as a career 35 years ago because he was looking for something active, challenging and exciting — a career that would take him out of the city and give him the opportunity t…
Rio Algom acquires foothold in Continental Gold
Proving speculators right, Rio Algom (TSE) has acquired an initial interest in Continental Gold Corp. (VSE) and its 70%-owned Mt. Milligan gold- copper project near Fort St. James, B.C. The major mini…
Amax bids for Falconbridge
Giant nickel producer Falconbridge Ltd. (TSE) could soon have a new controling shareholder and it may not be Noranda Inc. (TSE). Falconbridge and large U.S. metals supplier Amax Inc. (NYSE) have enter…
Coins and their valuable metal contents
I do not particularly like the new Canadian “loonie” one-dollar coin. It’s another big coin for the pocket. However, it’s not as heavy as the relatively new, ugly heavy brass one- pound sterling U.K. …
McNickel completes $3.4M financing, starts drilling
With a successful $3.45-million public financing behind it, Toronto- based McNickel Inc. (COATS) has started a 20,000-ft drilling program on its Lac St. Jean nickel-copper prospect north of Dolbeau, Q…
Toronto Stock Exchange Falconbridge takeover bid ignites buying
Mining issues — specifically base metal mining issues — led trading activity on the TSE as more than 33.3 million shares changed hands. Almost 10% of that trading was in the form of Falconbridge Ltd…
Gowest, Texmont drilling Tully find
A major drilling program is expected to get under-way this year at the Gowest Amalgamated Resources (ASE), New Texmont Explorations (ASE) gold property at Tully Twp. north east of Timmins, Ont. Plans …
Editorial Coal and alfalfa
Land reclamation is always a sensitive topic for miners and environmentalists alike. In the past, the former saw little value in spending money to reclaim mined lands whereas the latter have tradition…
Bank of Nova Scotia index declines for fifth month
Falling precious and base metal prices contributed to a further decline in Scotiabank’s all-commodity price index in June. The index dropped 2.9% from May, the fifth consecutive monthly decline. Bank …
Canadian Giant to explore Terrex’s Newfoundland bet
Exploration is expected to get under way soon at a group of Newfoundland claims acquired recently by Terrex Resources (ASE) from Nippers Harbour Minerals Ltd. Situated about 10 km south of the Bitech …
Vancouver Stock Exchange Alaskan project boosts Fairbanks 50^
It may not be happening in any major way in Vancouver, but brokers here are heartened by the recent upswing in trading activity on the big boards back East. However, unlike several years ago when juni…