Petromet lawsuit
Petromet Resources (TSE) has started a legal action against Middlefield Resource Fund 1988 Limited Partnership II and its management groups. Petromet alleges that Middlefield agreed to purchase Petrom…
Articles by Northern Miner Staff
People (February 13, 1989)
ABERMIN — Christopher A. Serin appointed executive vice-president and chief operating officer. Roger P. Taylor who has served as president and chief executive officer since inception in 1985 has resi…
Cyprus acquires interest in Mexican silver mine
Cyprus Minerals Company (NYSE) recently acquired a 49% interest in Minero Cerro San Pedro S.A. de C.V., owner of a silver mine 100 miles north of Guadalajara, Mexico. The mine, which is held in a subs…
Francis at CIM meet
Well-known business journalist Diane Francis will be the guest speaker at the Canadian Institute of Mining and Metallurgy’s Women’s Night. Scheduled for Feb 10 at Toronto’s Royal York Hotel, the eveni…
Editorial A tenuous connection
The Bank of Nova Scotia is being criticized for its involvement in a $4.4-billion loan to Minorco, the Luxembourg-based company that made a takeover bid for Consolidated Gold Fields last year. Minorco…
Metal Prices (February 13, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 7 Feb 6 Feb 3 Feb 2 Feb 1 Copper 1703-…
INSIDER TRADES (February 13, 1989)
Aquagold — S. Reed bought 12,500 (Dec) @ 68 cents -75 cents to hold 127,500 and bought 50,000 warrants (Dec, private) to hold 125,000. Canamax — Amax Gold (Canada) — bought 1,000,000 (Dec) @ $5 to …
Stratmin schedules commercial production for graphite deposit
Commencement of commercial production has been scheduled this month by Stratmin Inc. (ME) for the company’s graphite deposit at St-Aime-du-Lac-des-Isles, Que. The company reports it acquired $2.7 mill…
JA’s 1989 Business Hall of Fame nominees
The inventive genius, foresight, risk-taking and pursuit of corporate excellence are reflected in the dynamic careers of six Canadian businessmen, who have been selected as the newest members of Junio…
Gold loan for Glamis
A $10 million(US) gold loan involving about 25,000 oz has been arranged for Glamis Gold (TSE) by Gerald Metals of Stamford, Conn. Glamis says it will repay the loan, the carrying interest on which is …
Three issues face mining industry in 1989
American Mining Congress (AMC) President John Knebel says three major legislative issues will face the U.S. mining industry in 1989 — retention of the 1872 Mining Law, state control of mine waste and…
Golden Range seeks financing
Golden Range Resources (TSE) is seeking financing in the amount of $250,000 to fund exploration on the Sylvia gold-silver-zinc property 70 miles southeast of Flin Flon, Man. Work completed by Golden R…