Jan 1, 1990
It was no secret that Alf Powis and Noranda Inc. (TSE) wanted Falconbridge Ltd. Noranda had been foiled once before in a takeover bid for the free world’s second largest nickel producer and its lucrat…
Articles by Northern Miner Staff
Toronto Stock Exchange Major indices advance on stable commodity
All the main mining indices firmed today, Dec 20, a trend which was reflected in the composite’s gain of 4.35 points to close at 3920.15 points. Both metals and minerals and gold and silver registered…
Chabela financing
A private financing worth $500,000 is being arranged by Minerais Chabela (ME). A maximum of 50 investors will be allowed, at a cost of $10,000 per unit. Chabela plans to spend the money on exploration…
Golden Giant raise done in record time
A 2.4×2.4-m backfill raise, inclined at 69 degrees and measuring 294 m long, has been driven by a pneumatic Alimak machine at the Golden Giant mine in Hemlo, Ont. Don Cameron, Andy Roy, Matti Hakkola,…
Metall Mining boosts earnings
Income before extraordinary items of $26.7 million (71 cents per share) for the 9-month period ended Sept 30 was reported by Metall Mining (TSE), compared with $18.1 million (48 cents per share) for …
Books in Review Northern Miner to publish new edition of Mining
In early 1990, Northern Miner Press Inc. will publish a 144-page book entitled Mining Explained: A Guide to Prospecting and Mining, the sixth edition of a reference publication that first rolled off t…
Equity drops option on Bitech’s Nugget Pond gold property
Although Bitech Corp.’s (ASE) Nugget Pond gold property in northern Newfoundland hasn’t lived up to the mine-making criteria of Equity Silver Mines (TSE), Bitech still believes the small deposit could…
People (December 25, 1989)
ALBAN EXPLORATIONS — Robert Miller has joined the company as a management advisor.
Editorial Commercializing Christmas
As Christmas shoppers rush from store to store, who can fail to lament the commercialization of the holiday season? Somehow the spirit of giving has been lost since the Magi bore their gifts of franki…
Insider Trading Rayrock President misses out on Greenland action
Rayrock Yellowknife Resources (TSE) President David Crombie missed an opportunity recently to take advantage of the hype surrounding Platinova Resources’ (TSE) Greenland gold joint venture with Corona…
Obituraries Dick Murray
Dick Murray, P.Eng., a district engineer of mines for Ontario for many years, died in Kenora, Ont., Nov 20. Murray joined the Ontario Department of Mines in 1955. For more than 22 years he carried out…
North America’s richest goldfield keeps getting richer.
In August, Denver-based Newmont Gold pulled an intersection of 350 ft of 0.768 oz gold per ton from its Deep Star property along Nevada’s Carlin trend (N.M., Aug 21/89). Newmont, a 90% owned subsidiar…