Noranda, Inco on top-10 list of mining firms
Canadian mining giants Noranda (TSE) and Inco (TSE) were among the top 10 mineral producers in the western world in 1990, according to Who Owns Who In Mining 1992, published recently by London-based R…
Articles by Northern Miner Staff
FINANCING (July 13, 1992)
International Brace Res Inc. – 900,000 units consisting of 1 sh and 2 wts offered @ 54 cents per unit..TDRT Res. Ltd. – 1,000,000 shs offered @ 16 cents per sh.Swannell Minerals Corp. – 2,250,000 shs …
LATIN AMERICA — Free-trade agreements in the works
Separate free-trade deals are in the works by Mexico with a pair of South American countries and five Central American nations. Mexico, Venezuela and Colombia hope to have an agreement signed by year-…
Tajikistan to double gold production
According to Georgi Koshlakov, chairman of Tajikistan’s State Economic Committee, national gold production in 1991 was closer to 72,500 oz., and is expected to double over the next few years. The auth…
ON THE LEVEL — High cost of native self-rule
Who’s kidding whom on the so-called inherent right to native self-rule. What does it mean? How would it work? What will it cost? And who will pay for it? It would simply be irresponsible to enshrine a…
Little for mining in Senate deal
A recent deal on Senate reform negotiated by nine provincial premiers would have little effect on mining if it is ratified later this month, say industry representatives. The new Senate, made up of an…
LETTERS TO THE EDITOR — Mine permits in South Dakota
In the article “Wharf deal frees up Golden Reward reserves” (T.N.M., June 22/92), Martin Quick was reported as saying that securing mine permits for the combined deposit should not pose a problem. Alt…
Equinox, Eastmaque reach new agreement on merger
Following its failure to receive court approval for a proposed merger, Eastmaque Gold Mines (TSE) and Equinox Resources (TSE) recently signed a new agreement. Under the terms of the new agreement, Eas…
Richmont sets production target
Output from the Francoeur gold mine near Rouyn-Noranda, Que., is projected to reach 16,000 oz. during the 7-month period June 1-Dec. 31, 1992, operator Richmont Mines (TSE) says. Richmont became the s…
TSE SHORT POSITIONS (July 13, 1992)
Semi-monthly reports as of June 30, showed 25,849,622 shares of 590 issues compared with 26,820,344 shares of 607 issues on June 15. Larger individual positions included: Aber Res. 118,200, down 113,0…
Boron acquisition generates cash flow
A recently acquired boron mining venture in South America is expected to generate sales of US$3-4 million for nine months of operation this year, according to Boron Chemicals International (VSE) Presi…
Ontex financing for court appeal (July 13, 1992)
Directors of Toronto junior Ontex Resources (ASE) have given the green light to a $300,000 private placement financing consisting of 600,000 common shares priced at 50 cents each. Subject to regulator…