Borealis suing NIM for sale of shares
Legal proceedings have been launched by Calgary exploration company Borealis Exploration (ASE) against NIM Management Ltd., and a number of its partnerships and mutual funds. In the law suit, Borealis…
News
News in Brief (August 07, 1989)
Steelmaker Dofasco Inc. has concluded the purchase of the remaining 75% of the outstanding shares of Quebec Cartier Mining from USX Holdings of New York, N.Y. Dofasco bought an initial 25% interest in…
Dofasco sells stake in iron ore operation
Having recently completed the purchase of 100% of Quebec Cartier Mining, Dofasco Inc. of Hamilton has sold a 50% interest in the company to two partners. The steelmaker’s new partners (each with a 25%…
Cheni’s Lawyers mine pours gold at opening
With the traditional ribbon-cutting ceremonies, speeches and pouring of dore bars, Cheni Gold Mines (TSE) officially opened its 100%-owned Lawyers mine and mill complex located in this remote region o…
Redaurum, Sabina plan Dumont deal
Toronto-based Redaurum Red Lake Mines (TSE) is hoping that a proposed transaction with Sabina Resources (VSE) and Dumont Nickel Corp. (ME) will increase the company’s future growth potential. Under th…
Falco Gold posts good second quarter
Falconbridge Gold Corp. (TSE) should achieve gold sales this year of roughly 90,000 oz, a figure that puts it squarely within the ranks of this country’s tier two gold players. Normal production from …
Alberta Stock Exchange Gold Vessel ahead
While volumes were down substantially from levels seen during the last two weeks of July, there was still plenty of action to consider this week on the Alberta Exchange. The Gold Vessel issue, which h…
Earnings up 27% for M.A. Hanna
Net income from operations for M.A. Hanna (NYSE) reached a record level of $20.9 million(US) or 74 cents per fully diluted share in the quarter ended June 30. The Ohio-based company said this represe…
Earnings Report (August 07, 1989)
Teck Corp. (TSE) recorded a net earning of $25 million or 31 cents per share in the quarter ended June 30. In the same quarter of last year Teck’s earnings were $20.9 million or 26 cents per share. R…
Nuclear fuel conference
The International Conference on Nuclear Energy will be held Oct 15-17, 1989 in Charleston, S.C. Nuclear fuel production, inventories, supply and price trends will be among the topics of discussion.
Safest mines in the U.S. honored
The safest mines in the United State were honored recently with the “Sentinels of Safety” award presented by the American Mining Congress and the Department of Labor. To qualify for the award a mine m…
Silidor partners plan 1990 opening
The joint venture Silidor gold project three miles west of Rouyn- Noranda, Que., is scheduled to enter production in January, 1990. Partners Noranda Minerals, Cambior Inc. (TSE) and Nova-Cogesco Resou…