NEWS ROUNDUP — Shell selling Collahuasi stake
The one-third interest of Shell in the developing Collahuasi copper project in Chile will be offered for sale to the highest bidder among 12 selected mining companies. A Shell spokesman did not disclo…
News
William negotiates Bharti acquisition
Montreal-based William Resources (ME) has negotiated a deal to acquire Bharti Laamanen Mining for $4 million. William plans to issue $3 million worth of common shares (3.5 million shares at 85 cents p…
COMMENTARY — Two coal industry visions
The coal industry’s most important task is to ensure that the economic advantages of coal are so overwhelming that they cannot be ignored or subjected to political whims. Let me try to give you two po…
EDITORIAL PAGE — Inflated expectations?
It isn’t surprising that people are perplexed over a resurfacing of inflation, as reported in the general press. Talk of inflation befuddles the average Canadian because, according to the official sta…
Lac options Canadian properties
Long known for its large-scale projects in South America, Lac Minerals (TSE) has broadened its focus and resumed exploring for orebodies in Canada. First indications of this change were evident when L…
Casa Berardi operating again
A localized ground fall at the Casa Berardi mine in northwestern Quebec has claimed the life of a driller. Marco Germain, an employee at the mine since 1988, is survived by his wife and two children. …
Bidding to extend mine life — Claude buys big land position
Having last year resolved a dispute with a major creditor, Saskatoon-based Claude Resources (ASE) is confidently building gold reserves, averaging 10-11 grams per tonne, on a ground package centred on…
Cyprus expands Cache gold zone in N.W.T.
Drilling by Cyprus Canada, a unit of Cyprus Amax Minerals (NYSE), has expanded the size of the Cache gold zone in the eastern Northwest Territories. Property owner Noble Peak Resources (ASE) discovere…
Cambior develops Grevet property
The polymetallic Grevet project in northwestern Quebec will be prepared for production in late 1985 or early 1996 at a cost of $81 million. Directors of owner Cambior (TSE) recently approved the feasi…
Kemess South entices Vengold
An advanced mining play in British Columbia has caught the eye of Vengold (TSE), the junior that holds the largest area of gold concessions in Venezuela’s Kilometre 88 district. The company plans to a…
Cuba, Sherritt sign deal to develop nickel, cobalt deposits
Alberta-based Sherritt (TSE) has signed a joint agreement with the Cuban government to mine, process and sell nickel and cobalt on a world-wide basis. Representing the Cuban government in the arrangem…
PEOPLE — MINORCA RES. (June 27, 1994)
Alfred Lenarciak appointed chairman; Lars Vannman appointed president and Joel Scodnick appointed vice-president; Stan Bharti appointed director.