Giant workers await ruling
The Canada Labour Relations Board says it may take some time to rule on issues related to a prolonged dispute at the Giant gold mine, on the northern shore of Great Slave Lake. The mine is owned by Ro…
News
Dodgex makes specialty metal find
A major resource of specialty metals and rare earths has been discovered in a wide fluorite-bearing vein in the southern Yukon by Dodgex, a private company in Whitehorse. Representative sampling of ou…
Metal Prices — FREE MARKET (March 22, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 16 Mar. 15 Mar. 12 Mar. 11 Mar. 10 Copper 1491-1492 1508-1509 1520-1521 1499-15…
PNG gov’t boosts stake in Porgera
The Porgera joint venture, in which Placer Dome (TSE) is a partner, has agreed to sell to the government of Papua New Guinea an additional 15% interest in the Porgera gold mine. The three partners in …
Adrian boosts reserve estimates at Petaquilla
Initial step-out drilling at the Petaquilla property in Panama has increased preliminary reserve estimates to more than one billion tons. Adrian Resources (VSE) is drilling under an option to earn up …
NEWS ROUNDUP — Falconbridge to appeal fines
A toxic gas leak in the Sudbury, Ont., area during the summer of 1990 has cost Falconbridge $180,000 in fines. The nickel-copper producer was convicted in a Sudbury court on six of nine counts under t…
Ontex placement falls through
Mr. Osama Eissa, who had agreed to subscribe to a private placement of up to 500,000 units of Ontex Resources (ASE) at $1.21 per unit, has failed to complete the placement. As a result, the agreement …
FINANCING (March 15, 1993)
Mountain Province Mining — 1,250,000 units @ 66 cents per unit where each unit consists of 1 sh and 1 two year Series G sh purchase wts. 2 Series G wts to purchase 1 sh.
GOLD FUNDS (March 15, 1993)
BGR Central Net Value $8.67 $4.86 Price $6.75 $4.50 Discount 22.13% 7.4% Value $48,557,000 $75,709,350…
LATIN AMERICA SPECIAL — Open trade policy a necessity
The North American Free Trade Agreement (NAFTA) is a step toward outlining a free trading area that might ultimately stretch from Alaska to the tip of South America, says the president of the Business…
Menora enters financing deal
A financing advisory agreement has been signed with IBK Capital Corp. of Toronto, Menora Resources (ME) reports. The junior says IBK will, among other things, arrange financing of not less than $5.25 …
Grade of Arkansas `Crater of Diamonds’ sought
Diamonds from Arkansas made the big time recently — nothing less than the ultimate in prime-time television. And if a particular Arkansas gem wasn’t the highlight of the event, it was still there and…