Nickel leads Canada’s mineral output
Strong markets in base metals in 1988 helped push the total value of Canadian mineral production that year to a new peak of $21.1 billion, up 19.2% from the previous year. The Mining Association of Ca…
News
Noranda ponders its options in Amax bid for Falconbridge
The next move in the Amax Inc. (NYSE) takeover bid of Falconbridge Ltd. (TSE) would appear to belong to Noranda Inc. (TSE). The mining and forestry giant, which is Falconbridge’s largest shareholder w…
Nevada Goldfields shuts mine due to low reserves, grade
Nevada Goldfields Corp. (TSE) has shut down its Kingston gold mine in Nevada. Citing lower grades and the failure of exploration to define additional reserves, Nevada Goldfields was forced to close th…
Ont. premier against Falconbridge takeover
Ontario Premier David Peterson may not like the proposed Amax Inc. (NYSE) takeover of Falconbridge Ltd. (TSE), but he may be powerless to stop it. Peterson, in Timmins, Ont., recently, was asked about…
Golden Reward expects gold output in September
MinVen Gold Corp. (TSE), Coin Lake Gold Mines (TSE), and Moruya Gold Mines, partners in the Golden Reward heap leach project, will soon have a golden reward in metal as well as in name. The first gold…
Ronrico bulk sample
A bulk sampling program completed on the former-producing Simkar property near Val d’Or, Que, yielded an average recovered gold grade of 0.217 oz gold per ton. Partners Louvicourt Gold Mines (COATS) a…
News in Brief (August 14, 1989)
Gold Bar Resources (COATS) has purchased from Lyndex Explorations (COATS) a 22.7% interest in Chester Resources, a private British Columbia company. Terms of the deal were not disclosed. Gold Bar says…
Louvem-Aur dispute takes centre stage
Now that three of Canada’s largest mining companies have agreed to participate in the Louvicourt Twp. joint venture east of Val d’Or, Que., a resolution to an ownership dispute is expected to be the n…
Editorial MDAs need help
Geoscientists in New Brunswick are being caught in a political squeeze between the federal and provincial governments. The province needs financial backing from the federal government to bridge the ga…
Letters to the Editor A company profile would be well read
We are subscribers to The Northern Miner. In the July 10, 1989 issue of the Miner there appeared an article about the 25th anniversary of Echo Bay Mines, a major North American gold mining company. Th…
Editorial Foreign capital enhances opportunities
It’s hard to imagine an issue that rings as truly Canadian as the impending sale of Falconbridge Ltd. to U.S.-based Amax Inc. It has all the elements of the traditional struggles between commerce and …
Analyst’s figures show Amax takeover candidate despite debt
Although some in the mining industry find little merit in Noranda Inc. (TSE) making a takeover bid for Amax Inc. (NYSE), the acquisition still makes economic sense, according to Eric Zaunscherb, base …