Chimney, Rabbit Creek merger seems sure thing
The proposed swap of assets between Santa Fe Pacific (NYSE) and London-based Hanson PLC (NYSE) is expected to transform the Chimney Creek and Rabbit Creek mines, immediately north of here, into a sing…
News
Manning to speak on cost-cutting
The president of the Reform Party of Canada will discuss government cost-cutting at a joint luncheon of the Prospectors and Developers Association of Canada and the Canadian Club, March 29, at Toronto…
Chile would strengthen mining ties with Canada
Chile’s mines minister recently told a Canadian audience that vast areas of his country, especially in the south, have received little exploration despite many indications of deposits. He predicted th…
NEWS ROUNDUP — Cambiex plans share offering
Junior Cambiex Exploration has filed a preliminary prospectus with the Quebec Securities Commission for an offering of 5,000 units at $1,000 per unit. Each unit consists of 800 flow-through shares and…
BHP options New Brunswick properties
In return for a production royalty and advanced royalty payments, BHP Minerals Canada has leased PGE Resource’s (ASE) Bill’s Lake and Mechanic Settlement properties in New Brunswick. The Bill’s Lake c…
NEWS ROUNDUP — Orleans drilling for wollastonite
Drilling at the wollastonite property of Ressources Orleans (ME) in St-Onge Twp. in the Lac St-Jean area of Quebec has outlined a preliminary reserve of 8.7 million tonnes. President Jean-Guy Masse sa…
Placer acquires additional interest in Musselwhite
Gold producer Placer Dome (TSE) is paying $5 million cash for Homestake Canada’s 25% interest in the Musselwhite gold property, 80 miles north of Pickle Lake, Ont. Homestake will retain a 5% net proce…
Pezim case to highest court
Mining promoter Murray Pezim isn’t off the hook yet. The Supreme Court of Canada will hear an appeal in which the British Columbia Securities Commission will try to overturn a lower court ruling which…
Exploration workshop at Queen’s
A course on the exploration of convergent plate margins (CPMs) is to be held at Queen’s University on June 2-4. The course, a follow-up to last year’s workshop on giant ore deposits, is being held on …
COMMENTARY — Mobile miners making moves
From a recent edition of the Northwest Mining Association’s Bulletin: Today’s mining companies aren’t just planning for the new world of minerals. They’re also anticipating how that world will affect …
Russian diamond tour organized
Toronto consulting firm Watts, Griffis & McOuat and its Russian partner, Almazy Rossia-Sakha, will tour the Russian diamond region of Sakha (formerly Yakutia) from May 23 to June 2. Seminars, case stu…
Strong proposes overhauling Ontario Hydro
Ontario Hydro Chairman Maurice Strong, who recently announced a major overhaul of the provincial utility, will speak at the April 29 luncheon of the Toronto branch of the Canadian Institute of Mining,…