A decision by Gulf Canada Resources (TSE) to put its interest in Asamera Minerals (TSE) on the selling block may spark a bidding war for the Calgary-based company. A number of mining firms have alread…
ALPART, the largest of four major alumina plants in Jamaica, will start producing alumina by the end of March 1989. Under a recently signed agreement, the ALPART plant will be owned by Kaiser Jamaica …
The National Research Council is contributing $1.97 million to the development of two continuous tunnel boring machines which could be used in hardrock mines. The announcement was made by Minister of …
Week’s Price (US) Change Gold (per oz) $419.60 -$ 5.75 Silver (per oz) $ 6.14 +$ 0.03 Platinum (per oz) $598.00 -$ 1.00 Copper (per lb) $ 1.59 +$ 0.05 Lead (per…
Test work conducted by Monopros Limited at its diamond prospect in the Shellbrook area of Saskatchewan suggests the kimberlite structure found there is not economically viable. Monopros, a subsidiar…
A new low- cost method of mining narrow vein gold deposits called “cookie jar mining” is being considered by International Coast Minerals (VSE) for its gold project in the Kennedy River camp on Vancou…
From a recent presentation by Lionel Kilburn at a seminar sponsored by the Prospectors and Developers Association of Canada. In the spring of 1988, two significant papers were presented by senior exec…
A new gold- bearing area called the East zone was located by X-Cal Resources (TSE) along a 1.5-km length of previously unexplored structure at its 100%-owned Snowbird gold project near Fort St. James,…
Base metal prices may slip back next year from their 1988 highs if economic growth slows but they will likely remain significantly above their early-1980s lows for the period 1989-1993, London-based M…
With a resounding 72% of shareholders approving Inco Ltd.’s controversial recapitalization plan, investors continue to support the company’s share price around the $39 mark. The recapitalization plan,…
Earning a 10% interest in property 10 miles east of Val d’Or, Que., by carrying out underground exploration work is La Fosse Platinum (TSE). Owner of the property is COATS-listed Louvicourt Gold Mines…
Dolphin — P. Brown bought 33,200 (Oct) @ $1-1.05 to hold 88,800. Laverty Red Lake — T. Gillett sold 210,000 (May) @ 72.5 to hold nil. Muscocho — Echo Bay bought 47,000 (Nov) @ $4 to hold 8,846,29…
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