1993 A LOOK BACK — Mining pioneer dies
The Canadian mining industry lost its queen bee of prospecting with the death of Viola MacMillan. She was 90. MacMillan was president of the Prospectors and Developers Association of Canada for 21 yea…
News
1993 A LOOK BACK — McLaughlin mine milestone
The McLaughlin gold mine of Homestake Mining (NYSE) in California poured its two-millionth ounce in mid-October. The open-pit operation poured its first gold in 1985 and its one-millionth ounce in 199…
Formosa closes Oregon mine
The Silver Butte mine, near Riddle, Ore., is being closed permanently because of environmental concerns and low copper and zinc prices. Formosa Resources (VSE) is carrying on discussions with state au…
NEWS IN BRIEF (January 03, 1994)
Lansco Resource (LNS:VSE) has changed its name to Bomax Resource (BXS:VSE) on a 1-new-for-10-old-share basis.
Equinox merger
The directors of Hecla Mining (NYSE) have approved a merger with Equinox Resources (TSE). Each company has satisfactorily completed its due diligence review, though the proposal is still subject to ex…
Sutton placement
A private placement of 316,305 units at $25.50 each will net Sutton Resources (VSE) about $8.1 million. Each unit includes a share, plus a 2-year purchase warrant exercisable at $25.50 in the first ye…
Sask. okays two other projects — Midwest dead for now
There was mixed news from Saskatchewan as the provincial government announced its decision on the development of three proposed uranium mines in the north. Environment and Resources Minister Berny Wie…
EDITORIAL PAGE — Strapped for cash
As if Denison Mines werent up to its eyeballs in alligators already, the provincial governments in Ontario and Saskatchewan have unleashed a few more of the critters on the hapless company. The Ontari…
Applicants sought for CEA awards
The Canadian Exporters Association (CEA) wants to honor Canadian companies contributing to international development in Africa, Asia, Latin America and the Caribbean. The 1994 Canadian Awards for Inte…
Copper concentrate market turnaround focus of study
The dramatic turnaround in the copper concentrate market is partly the result of large shipments in 1992 to the former Soviet Union and increased buying by China. So says Brook Hunt & Associates of th…
ODDS’N’SODS — A most dangerous assignment at the Granduc
On learning of the recent demise of William Bill Pryde, I recalled a hair-raising venture which I shared with him at the Granduc mine site in 1965. A climax avalanche swept over the Leduc Portal camp …
1993 A LOOK BACK — Chibougamau production for MSV
After acquiring the Copper Rand and Portage gold-copper mines near Chibougamau, Que., in late February, MSV Resources (ME) returned the properties to production. MSV bought the mines and a 3,000-ton-p…