New Newmont mine set for Indonesia
Construction of a new gold mine on the Indonesian island of Sulawesi has been approved by joint-venture partners Newmont Gold (NYSE) and P.T. Tanjung Searpung of Jakarta. The US$131-million project wi…
News
Placer Dome earnings rise
A higher gold price and increased investment income helped to boost net earnings in the first half of 1994, Placer Dome (TSE) says. Earnings of US$61 million were recorded for the 6-month period, a si…
METAL PRICES — London Metal Exchange
Spot closing prices in $US per tonne Date August 9 August 8 August 5 August 4 August 3 Copper 2392-2393 2396-2397 2400-2401 2405-2407 2404-2405 Lead 565-566 573.5-574.5 579-580 578.5-579.5 576-577 Zin…
Starmin, Ivanhoe deal closes
A previously announced arrangement involving Starmin Mining (TSE) and privately owned Ivanhoe Goldfields has closed. The agreement took effect Aug. 11; Starmin shares are trading on a 3-for-1 consolid…
New Island hits gold at Glover
Alberta-listed New Island Minerals has received encouraging gold assays from sampling on its Glover Island property in central Newfoundland. The samples were collected from an outcrop area measuring 2…
Field conference set for Sudbury
The fourth annual CIM Geological Society Field Conference will take place Sept. 19-21 in Sudbury, Ont. Titled “Exploration and mining geology of world class deposits: strategies for success,” the conf…
Mongolian data package complete
The Geophysical Exploration Technology of the University of Leeds has completed a year-long collaboration study with Mongolian Geological and Geophysical Exploration to compile aeromagnetic data for M…
COMMENTARY — Anglo American tops corporate list
South Africa’s Anglo American Corp. is the world’s most important mining group measured by the value of the non-fuel minerals production controlled in 1992 — it controls 7.7% of the total Western wor…
U.S. Hall of Fame to induct eight (August 15, 1994)
The National Mining Hall of Fame in the U.S. will welcome eight new members at its seventh induction banquet Sept. 18 in Phoenix, Ariz. For the first time since the inaugural banquet in 1988, two of t…
OBITUARY — Richard Mollison
A longtime employee and former president of Texasgulf, Richard Mollison, died recently of cancer. He was 78. A native of Minnesota and a graduate, in mining engineering, of the University of Minnesota…
OBITUARY — Arthur Stollery helped find mines
Described as a prospector, minefinder and entrepreneur, Arthur Stollery died recently. He was 80. A graduate in 1939 of mining engineering from Queen’s University, he is credited with playing a key ro…
OBITURARY — Charles McLeish
A former employee at Cominco’s Sullivan mine operations, Charles Allan McLeish died recently in Kimberley, B.C. He was 93. A native of Irvine, Alta., he graduated from the University of British Columb…