Applegath ups holdings
A. W. Applegath, who heads the Applegath Group of companies including Villeneuve Resources (VSE) and Oneida Resources (VSE), has been increasing his personal holdings in both. In the case of Villeneuv…
Articles by Northern Miner Staff
Newmont keeps Australian interests
After failing to reach a pricing agreement, Newmont Mining of New York has decided not to sell a 75% interest in Newmont Australia Ltd., the company said recently. The proposed sale of its Australian …
Metal Prices FREE MARKET (April 18, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Apr.12 Apr. 11 Apr. 8 Apr. 7 Apr. 6 Copper 1250-1260 1274-1276 1303-1305 1293-1295 1294-1…
Tremblay honored
An engineer at Quebec’s Centre de Recherches Minerales, Remi Tremblay, was recently honored at the 117th conference of the American Institute of Metallurgical and Petroleum Engineers for his work on c…
Strong assays cut by Gemlo, Central
Strong gold assays have been received by Hemlo Gold Mines from the company’s Eagle River property held under option from Central Crude Ltd. Located in the Mishibishu Lake area west of Wawa, Ont., the …
Cliff improves recovery rate at Olinghouse placer project
Thanks to a more efficient mining method and some new technology, Cliff Resources (TSE) is planning to extract about 20,000 oz gold this year from its Green Hill placer gold mine at Olinghouse, Nev. O…
Westar gets price increase from Japanese coal buyers
A $2.90(US) price increase has been won by Westar Mining (TSE) from its Japanese customers for the coal year commencing April 1. This brings the price for metallurgical coal to $46.90 per tonne. Westa…
Queries Silver Eureka hopes rind on construction
It has been about five years now since I heard anything from Silver Eureka Mining which holds a 25% interest in Eureka, Nevada-based Ruby Hill Mining Co. A number of years ago, Silver Eureka receive…
Galactic announces European offering
Galactic Holdings, a wholly- owned subsidiary of Vancouver- based Galactic Resources (TSE), recently announced a European public offering to help reduce a $14- million(US) debt load incurred during a …
Rouyn bulk sampling at Francoeur gold project
A 33,500-ton bulk sampling program at the Francoeur property is expected to be completed by May, Rouyn Mining Resources (TSE) says. Following the completion of the mining program, the company plans to…
Editorial Sales tax on power is a no-no
As though an electrical power rate increase announced late last year of about 5.2 per cent to direct power users weren’t enough, it is now being proposed that a sales tax be added to the cost of power…
Bentley ups reserves at Bagdad Chase mine
A recently completed drilling program has increased open pit reserves at Bentley Resources’ (VSE) Bagdad Chase mine located in the Mojave Desert of southern California. Reserves have increased to 1,10…