Minerals division is top earner at Noranda
The Minerals division of resource conglomerate Noranda (TSE) captured first place in the company’s four earnings divisions during the second quarter, followed by its manufacturing, forest and energy s…
Articles by Northern Miner Staff
Heightened tensions in Middle East send bullion, oil prices soaring
Increased tensions in the Middle East pushed the price of gold bullion at presstime to US$384.75 an ounce after it rose sharply from a 4-year low of US$345.50 an ounce in June. Heavy selling by Arab s…
EDITORIAL PAGE Metal industry prospects in the 1990s
Just when you thought you had seen it all — the dismantling of the Berlin Wall, free elections in the East Bloc nations and an attempt at political reform in the Soviet Union — along comes power-hun…
NEWS IN BRIEF Welcome North Mines
Welcome North Mines Ltd. (WLN:VSE) has changed its name to Welcome North Resources Inc. (WLN:VSE) with no consolidation of capital. Transfer agent is Montreal Trust.005…
BLM Mines closes United Keno deal
Sudbury-based Bharti Laamanen Mining says its wholly owned subsidiary BLM Mines has completed the purchase of Falconbridge Ltd.’s 44.8% stake in United Keno Hill Mines (TSE). Under terms on the deal, …
COATS (over-the-counter) Eastern gold search
At the Shamrock property in Newfoundland, Eastern Goldfields continues to search for the source of gold previously discovered in soil samples. To date, more than 4,000 grains of gold, ranging in size …
Uranerz, Jascan prepare to drill Dawson gold bet
Toronto-based Jascan Resources (TSE) says Uranerz U.S.A., a unit of West Germany’s Uranerzbergbau, has elected to proceed with more drilling on Jascan’s Dawson gold property in Colorado. Uranerz origi…
Corona plans diamond spinoff to fund Botswana exploration
Gold producer Corona (TSE) has decided to form a new company, Corona Diamonds International, to finance a major diamond exploration program in Botswana, the world’s third largest producer of the valua…
Menika to test IP anomaly
A diamond drill program is being planned by Menika Mining (VSE) for its recently acquired Kamrose property on the south side of Iron Mask Batholith near Kamloops, B.C. The work program will test a por…
Royal Crest loss
Toronto-based Royal Crest Resources (COATS) continues to lose money as it enters the second half of 1990. For the nine months ended May 31, Royal Crest reported a net loss of $4,202 compared with a lo…
Cambior will fund Lac Knife
A partner has been lined up by Societe d’Exploration Miniere Mazarin (ME) to bring its Lac Knife graphite project near Fermont, Que., into production. Gold producer Cambior (TSE) has agreed to fund th…
Cologne trade fair
Geotechnica, the international trade fair and congress for geosciences and technology, will be held Sept. 18-21, 1991, at Cologne, Germany. Participating countries include Australia, Germany, Britain,…