Dumping on potash A Flood of problems
Relief from the crushing supply situation facing Canadian potash producers could come this year in the form of an “Act of God.” While the 6.7 million tonnes produced in Canada last year exasperated wo…
News
WHAT’S NEW UNDERGROUND EQUIPMENT Mining Software
Tony Clark Consulting (Vancouver, B.C.) has acquired the rights to market techbase, a database software system developed by Minesoft of Denver, Colo. The agreement covers British Columbia and “adjacen…
WHAT’S NEW UNDERGROUND EQUIPMENT Management Software
Conspec Controls (Buffalo, N.Y.) is marketing a computerized mine management system capable of scheduling mine equipment maintenance and monitoring various environmental factors such as over- and unde…
Base metal reactivation a success for Brenda
The reactivation of Brenda Mines’ base metal operation near Peachland, B.C., is proving to be quite a success story. Net earnings for 1986 totalled $1.84 million or 40 cents per share and the situati…
Cliff to acquire Reno gold mine
Cliff Resources will acquire the Olinghouse gold mine northeast of Reno, Nev., the Toronto based company announced recently. According to Chairman Gary Last, the open pit mine will resume operations i…
RESEARCH PGM deposits: A new model
Before writing off that long-ignored nickel-copper-platinum prospect, consider a re-examination of the property in light of a new genetic model devised by Prof David Watkinson of Carleton University, …
WHAT’S NEW Underground Equipment A manless truck
Four years ago, at about the Fsame time it decided to market continuous mucking machine, Inco Ltd. laid plans to develop a rapid truck haulage system to keep up with these high production rates. The m…
Leap in profit for Hudson Bay
Sale of an interest in a nickel exploration property helped give Hudson Bay Mining and Smelting a first quarter profit of $14.8 million on revenues of $76.6 million, compared with a net loss of $3.8 m…
First-quarter profit slips for Laduboro
A first-quarter profit of $20,000 was recorded by Laduboro Ltd. (formerly Laduboro Enterprises) of Montreal compared with a profit for the same period in 1986 of $31,800. Revenues during the quarter w…
COATS Trading Features (June 01, 1987)
Card Lake Resources continued to perform on the coats system, trading to a new high of $2.30. News from the company’s gold play in the Harker-Holloway area east of Matheson, Ont., continues to be good…
TAX ANGLES A matter of interest for investors
All resourceful investors know the advantages of having the interest expense on borrowed funds deductible for income tax purposes. The actual out-of-pocket cost is thereby reduced by tax relief at mar…
Details are provided on Ontario tax holiday
Mines in Ontario are subject to three separate levels of taxation: federal income tax, Ontario income tax and Ontario mining tax. The Ontario Mining Tax Act imposes a 20% tax on taxable mining profits…