Keep 1872 Mining Act, says Mining Congress
The American Mining Congress has launched an aggressive campaign against proposed changes to the Mining Law of 1872. The legislation, which was introduced last month in the U.S Congress, contains eigh…
News
Toronto Stock Exchange Aur, Louvem hit new highs before trading
An all-day trading halt put the brakes — albeit likely just for a day — to a buying frenzy in the shares of Aur Resources, Societe Miniere Louvem and St. Genevieve Resources. On July 18, Aur and Lou…
Alberta Stock Exchange Louisiana moves up
As the North American exploration season approaches its peak, there was plenty of action to consider on the Alberta Exchange this week. Louisiana Mining, which has been active lately, gained 43 cents …
Montreal Exchange Orex, Louvem dominate
This week’s trading was dominated by two separate events: the continuing excitement over the Aur-Louvem base metal find near Val d’Or, Que., and the rich assay results released by Explorations Orex. T…
Stewart Lake nearing graphite bet decision
An underground mining operation with annual production of 20,000 tons graphite concentrate is being considered by Stewart Lake Resources (TSE) for its Kirkham flake graphite project in eastern Ontario…
News in Brief (July 24, 1989)
Calvada Resources (CVH:VSE) has changed its transfer agent to Central Guaranty Trust Corp.
Tumbler Ridge hosts coal operator conference
The fourth Coal Operators Conference will be held Sept 13-14, 1989 at Tumbler Ridge, B.C. Papers have been solicited from operating mines and tours of the Quintette and Bullmoose operations have been …
B.C. mining companies face new profit-based tax
Starting next year, British Columbia will have a new profits-based tax system for all mines in the province producing metals, coal and industrial minerals. The new tax system consolidates four existin…
New company to market chromium-nickel alloy
A joint venture has been set up to develop and market corrosion resistant chromium-nickel alloys worldwide. The venture, to be called International Corrosion Protection Company (ICPC), was formed by I…
Athlone drilling Vital Pacific claims
A drill program has been started by Athlone Resources (VSE) on the Soup property held under option from Vital Pacific Resources (VSE). The Soup claims are in the Omenica area 200 km northeast of Smith…
Vancouver Stock Exchange Eskay Creek results boost Calpine
Although investor interest in gold issues remains timorous at best, brokers here say trading activity in base metal or polymetallic plays is on the rise. Gold prices may be on a slow upward trend, bu…
NEVADA GOLDFIELDS
Alan R. Bell appointed president and a director succeeding both Robert F. Baldock, president, and Dr. Gerald D. Wright, director, who have resigned.