Placer Dome gold discovery in Costa Rica
A gold discovery speculated to have multi-million-ounce potential appears to have triggered a “Canadian-style claims rush in Costa Rica. The interest was sparked by reports that Placer Dome (TSE) was …
News
Partners secure Refugio financing
Banks have agreed to finance the Refugio gold project in northern Chile. Chilean approval for the drawdown of a US$85-million gold loan is expected before the new year. The capital cost is estimated a…
Kinross, Kassan focus on Tanzania
Two companies — Kinross Gold (TSE) and affiliated junior Consolidated Kassan Resources (VSE) — have completed a share purchase and option agreement with East African Mines (EAM), a private company t…
Cominco Res. advances foreign projects
Ongoing programs in Turkey, Mexico and South America were highlights of this past year’s $19-million exploration program of Cominco Resources International (TSE). A 50-50 joint venture program with pa…
Improvements made at Keystone
The Keystone gold mine in northern Manitoba is in the black. Equal partners Granduc Mining (TSE) and Black Hawk Mining (TSE) report that production between June 1 and Sept. 30 led to an operating prof…
Law of the Sea treaty covers mineral rights
The Law of the Sea, a complex and controversial international treaty that sets down rules on how the seas’ bounty will be used, came into effect in mid-November. The United Nations treaty also tackles…
Ferrous scrap market changing
A major structural change to the volatile market for ferrous scrap will occur during the next 10 years, according to a study on scrap and scrap substitutes by CRU International of London. Increased st…
Da Capo drills Capa Circa
Gold values are reported from a drilling effort on the Capa Circa project in Bolivia. Da Capo Resources (VSE) holds an option (expiring in early 1996) to acquire the property for US$4.8 million. Capa …
Nesbitt, Bancomer work out deal
Investment dealer Nesbitt Burns has negotiated an arrangement with a Mexican investment bank which will permit the firms to market each other’s equity and fixed-income products in their own home count…
OBITUARY — Ted Arnold
A metallurgical engineer and part owner of the J&L mining property in British Columbia, Theodore (Ted) Arnold died recently in New Jersey. He was 89. A native of Vancouver and a graduate of the Univer…
Tax incentives aid advances in technology
Many companies are not taking full advantage of the Scientific Research & Experimental Development (SR&ED) tax credit program. Costs that companies incur in the ongoing process of advancing technologi…
THE DIAMOND PAGE — Exall forms alliance with Guyanese
Toronto-listed Exall Resources has joined forces with one of Guyana’s foremost gold and diamond mining companies. MC Correia Holdings, which has been in continuous operation since 1935, operates sever…