NEWS IN BRIEF Can-Ex Resources Ltd.
Can-Ex Resources Ltd.(CXZ: VSE) has changed its name to Kintana Resources Ltd. (KIN: VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Central Guaranty Trust…
Articles by Northern Miner Staff
Cambior needs US$152 million to build gold mine in Guyana
The board of directors of Montreal-based Cambior (TSE) recently approved a feasibility study for the Omai gold project in Guyana, South America, held jointly with Golden Star Resources (TSE). Golden S…
Cyprus earnings narrow
Earnings were down sharply for Cyprus Minerals (NYSE) during its the third quarter ended Sept. 30. The company reported third quarter earnings of US$42.2 million, compared with earnings of US$68.2 mil…
Base metals face difficult year in 1991, long-term outlook better,
Mining analysts expect 1991 to be a difficult year for base metal producers as the western world enters a period of slower economic growth. “A weakening western world economy will not be good for meta…
GSR considers Bates potential
A small drilling program on a past producer has GSR Goldsearch (VSE) reviewing the possibility of restarting production. A two-hole program was designed to test the downdip extension of the Bates vein…
Groups collaborate on mining research
The nature of mining research in Canada is changing as industry, government and universities pool their resources and expertise, says John Udd, director of Mining Research Laboratories for Energy Mine…
Correction (January 07, 1990)
Drill results from the Aurora gold property in Guyana, a joint venture of South American Goldfields (TSE) and Denison Mines (TSE), were incorrectly reported (T.N.M., Dec. 31/90). Highlights from the d…
Former Trimin executives take bonuses on retirement
Severance payments and cash bonuses totalling $528,500 were paid to Brian Fraser and Randy Turner before they resigned their respective positions as chairman and president of Trimin Resources (TSE). T…
Inco, Vior assume Douay ownership
The Douay gold project in Quebec’s Casa Berardi region will soon become a joint venture between two partners, Inco (TSE) and Societe d’Exploration Miniere Vior (ME). Vior says an agreement has been re…
African problems pump up cobalt
Stock exchange investors may be feeling the effects of a bear market but for cobalt producers, the times couldn’t be better. According to the London-based publication Metal Bulletin, the metal climbed…
Drilling starts at Gold Basin
A drill program by Consolidated Rhodes Resources (VSE) has started on the Gold Basin project in Mohave Cty., Ariz. The junior, controlled by Murray Pezim, is earning a 50% interest in the property fro…
Westar takes price cut for metallurgical coal
After making promising upward moves of US$3.50 and US$2.40 per tonne in each of 1989 and 1990 respectively, the price received for metallurgical coal by Canada’s largest producer has dropped somewhat….