GOLD FUNDS (December 21, 1992)
Gold Funds as of Dec. 15 BGR Central Net Value $7.95 $5.10 Price $6.25 $4.55 Discount 21.41% 10.8% Value $45,514,000 $76,550,565…
News
Anglo American, Jordex talking
Talks took place recently between Jordex Resources (TSE) and Anglo American of South Africa regarding the latter’s offer to acquire a majority interest and control of the Loma de Hierro nickel laterit…
NEWS IN BRIEF (December 21, 1992)
Golden Peaks Resources Ltd. (GL:VSE) has changed its transfer agent to Montreal Trust Co.
Kam Kotia base metal property given new lease on life
In early 1992, after four years of negotiations, Falconbridge signed an agreement with the Ontario government which permits exploration to occur on the old Kam Kotia mine property near Timmins, Ont. T…
Province reduces Potash ownership
Ownership of Potash Corp. of Saskatchewan (TSE) continues to shift more and more to the general public. The Saskatoon-based company said Saskatchewan’s interest in the potash producer is dropping to a…
NEWS ROUNDUP — Zigarlick retires from Echo Bay
The vice-chairman of Echo Bay Mines (TSE), John Zigarlick, has retired after 24 years with the gold-silver producer. Zigarlick, president of Echo Bay from 1977 to 1991, was named Mining Man of the Yea…
Fording ad draws warning over hiring
British Columbia Labour Minister Moe Sihota is warning that violence could break out in the province’s East Kootenay district if Fording Coal hires Albertans to fill jobs formerly held by Elk Valley r…
Tri Origin extends Lewis Ponds zone
Toronto-based Tri Origin Exploration (TSE) has intersected a 23-metre interval of massive and disseminated sulphides on its Lewis Ponds project in Australia. Hole TLPD-6, designed to test the depth po…
New mineral agreement for Quebec
A newly negotiated Canada-Quebec Agreement on Mineral Development will pump $100 million into Quebec’s mining industry during the next five years. Ottawa and Quebec will each put up half of that total…
NEWS ROUNDUP — Madeleine cancels consolidation plan
A letter of intent allowing Madeleine Mines (TSE) to acquire the remaining 50% interest in the Lac des Iles palladium-platinum project from the Sheridan Platinum Group has been terminated. The Sherida…
COMMENTARY — Nuclear power takes a back seat
At this point, the future of the nuclear power industry remains largely in doubt. The gloomy predictions about global warming have done little to convince politicians and the public of the benefits of…
Queen’s to host centennial celebration
Queen’s University will host an international congress in Kingston, Ont., Aug. 23-26 to commemorate the establishment of its century-old School of Mines. Experts from North America, South Africa and A…