TSE SHORT POSITIONS (March 29, 1993)
Semi-monthly reports as of Mar. 15, showed 67,018,621 shares of 655 issues compared with 54,644,263 shares of 620 issues on Feb. 28. Larger individual positions included: Aber 94,056, up 32,856; Adex …
Articles by Northern Miner Staff
Trans America options iodine property
The recent acquisition of a high-grade iodine project has expanded the assets of Trans America Industries (VSE) in South America. Through 37%-owned subsidiary, Boron Chemicals International (VSE), the…
LATIN AMERICA — Pacific acquires gold property
The Diablillos gold project is the second property recently acquired by Pacific Rim Mining (VSE) in Argentina. The first was La Colorada, a Sedex-type, massive sulphide prospect near the Aquilar distr…
LATIN AMERICA — Newmont eyes copper-gold project
A letter of agreement has set the stage for a unit of Newmont Mining (NYSE) to acquire 60% of the Fierro Urco copper-gold property in Ecuador. Newmont Overseas Exploration can do so from Ag Armeno Min…
Hillsborough, Southwestern enter search for diamonds in
A letter of intent allowing diamond exploration at the Rio Sono property in the Brazilian state of Minas Gerais has been signed by Hillsborough Resources (TSE) with Southwestern Gold of Vancouver. Hil…
Lac de Gras diamond venture no pipe dream
The pace of exploration may seem deliberate, yet every day, slowly but surely, BHP Minerals Canada and Dia Met Minerals (TSE) are one step closer to a production decision. The goal, Canada’s first dia…
MSV, workers in tune at Chibougamau operation
The Copper Rand and Portage mines here were officially opened recently under the ownership of MSV Resources (ME) at a ceremony attended by business and government representatives. “This is a big day f…
NEWS IN BRIEF (March 29, 1993)
Vortex Energy & Minerals (VSE) has filed a preliminary prospectus for an offering of 1.5 million units worth 30 cents per unit. Each unit consists of one share and one warrant to buy one share exercis…
McKnight visits the United Kingdom
Federal Mines Minister William McKnight recently visited the United Kingdom to attract international investors to Canada. Activities included meeting chief executives from energy and mining companies …
GIS conference
At a recent conference in Ottawa, people from many countries met to discuss geographic information systems (GIS). The fifth annual GIS conference was organized by the federal government. GIS employ co…
Too much rain for Asarco
A first-quarter loss is expected by Asarco (NYSE), resulting from rain-related costs, lower metal prices and a scheduled 30-day maintenance shutdown at the Hayden smelter. Heavy rains and flooding in …
LATIN AMERICA — Lac encouraged by results from Chilean gold
Encouraging results have been reported by Lac Minerals (TSE) from eight additional holes drilled at the Nevada gold project in Chile. Highlights included a 492-ft. intersection grading 0.29 oz. gold p…