Inco and union reach initial deal
Toronto-listed Inco and its Manitoba division have reached a tentative deal in contract talks with Local 6166 of the United Steelworkers of America. A ratification vote was scheduled for Sept. 15, det…
News
LAST BUT NOT LEAST — Drilling planned for Golden Quail
Drilling on the Golden Quail property in San Bernardino Cty., Calif., is to begin shortly. Joint-venture partners Golden Quail Resources and Golden Hemlock Resources (VSE) have received permits for 10…
LAST BUT NOT LEAST — Dolobec sale gets shareholder nod
Shareholders of Quebec dolomite producer Dolobec have approved the sale of their company to Dufresnoy, Societe d’exploration miniere (ME) for $1.1 million. Dufresnoy intends to finance the acquisition…
Placer Dome evaluation boosts potential of Venezuelan
A resource of 4.8 million oz. gold has been outlined by Placer Dome (TSE) within one of seven mineralized areas on its 70%-owned Las Cristinas property in Venezuela. The magnitude of this partial reso…
Noranda’s zinc output declines
Forecast zinc concentrate output this year from the mines of Noranda (TSE) has been reduced by more than was previously announced. A reduction of 90,000, rather than 70,000, tonnes is now expected. Th…
Black Pine drilling
A second phase of drilling at the Black Pine property of Formation Capital (VSE) has extended the known strike length of possibly connected mineralized zones to more than 4,000 ft., compared with the …
NEWS ROUNDUP — Golden Star lists on American Exchange
Junior gold miner Golden Star Resources (TSE) has begun trading on the American Stock Exchange. The company, which recently moved to Denver, Colo., is mining and exploring for gold in the Guiana Shiel…
NEWS ROUNDUP — Comstate bids to take over Comaplex
Calgary-based junior Comstate Resources (TSE) has made a bid to buy all the issued and outstanding shares of Comaplex Resources (TSE). The Schaffhauser Kantonalbank of Switzerland and three directors …
LAST BUT NOT LEAST — Gaspesie reports titanium find
A mineralized zone of titanium and phosphate has been uncovered in the Baie Comeau area of Quebec’s North Shore, Gaspesie, Societe d’explorations petroliere et miniere (ME) reports. The mineralization…
PRODUCER PRICES (September 27, 1993)
ALUMINUM: MW U.S. market US53.50-54.25 cents per lb. (Sept. 9, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.60 per lb. (Sept. 9, 199…
Lac among several bidding on Chile project
In the first of what may be several bidding wars on separate Chilean mining projects, Codelco is reviewing nine submissions on the giant El Abra project. The first to be made public was the bid by Lac…
Wheaton to issue private placement
Junior gold miner Wheaton River Minerals (TSE) plans to issue a private placement of 500,000 units at $1.58 each to raise $790,000. Each unit will consist of one common share and one warrant. Each war…