Noranda increases stake in Falconbridge to 25%
It may be that Noranda Inc. (TSE) was simply trying to consolidate its status as Falconbridge Ltd.’s (TSE) largest shareholder when it bought 3.5 million of the nickel miner’s common shares recently f…
News
Australian companies in deal Control of Cinola changes hands
The large scale Cinola gold project located in the Queen Charlotte Islands of British Columbia is falling increasingly into the hands of Barrack Mines Limited of Australia. Barrack is a diversified mi…
IOCC GOLD OPTIONS (June 12, 1989)
Options Open Series Volume Last Interest Aug 370 C 168 12.00 514 Aug 380 C 240 8.50 1,060 Aug 400 C 110 3.50 2,555 Aug 420 C 1,380 …
EMR announces grants
The federal Ministry of Energy, Mines and Resources has announced $1.39-million worth of research grants for 1989-90 to 38 universities and provincial institutes. Mining and minerals research will rec…
Metall to buy seven mines from West German parent
Toronto-based Metall Mining (TSE), which recently acquired a large copper mine, smelter and refinery in Michigan for $83 million, is planning to add interests in an additional seven mines this year to…
New CANDU 3 reactor holds key to the nuclear industry’s future
The nuclear energy industry may be down in the dumps but in Canada the industry is looking forward to a resurgent market in the mid-1990s. In particular, Atomic Energy of Canada Ltd. (AECL) has design…
Tri-Valley awards Alaska contract
A Montana- based company has been awarded a contract to mine and process gold ore from one square mile of Tri- Valley Corp.’s Richardson lode project near Fairbanks, Alaska. Tri- Valley trades over th…
St. George farms out U.S. properties
Through its U.S. subsidiary, St. George Minerals (VSE) has signed two letter-of- intent agreements for the exploration and development of its mining claims in the Battle Mountain district of Nevada. T…
U.S. gold production remains healthy
Declining gold prices have not hurt American production of the precious metal, according to a study by the Metals Economic Group in Halifax, N.S. In 1989, U.S. gold production will climb by more than …
Noble Peak cuts good hole at Mac
The first assay results from drilling on the Mac zone by Noble Peak Resources (ASE) have been received. The first hole intersected 13.7 ft grading 0.18 oz gold per ton whereas the second assayed 0.21 …
B.Y.G acquires 100% of Mt. Nansen
B.Y.G. Natural Resources (VSE) has increased its ownership in the Mt. Nansen gold-silver property to a full 100% interest. The company acquired a further 31% in the Yukon project from Chevron Minerals…
Metal Prices (June 12, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 6 June 5 June 2 June 1 May 31 Copper 1565…