NEWS ROUNDUP — Aur drilling Joutel property
A third-phase 5,000-ft. drilling program is under way at the former producing 26-claim Joutel Copper property near Joutel, Que., Aur Resources (TSE) and Joutel Resources (TSE) report. To be tested is …
News
Lifting Zenmac’s cease-trading order
With its corporate house now back in order, Zenmac Zinc’s (ASE) cease-trading order is expected to be lifted shortly, its recent and unusually well-attended annual meeting was told. The meeting was ch…
Correction (November 23, 1992)
The letter to the editor titled “Rooting for Bern Brynelsen” (T.N.M., Nov. 16/92), regarding Bern Brynelsen and his Canadian Mining Hall of Fame nomination, stated in the lead paragraph that Brynelsen…
GUEST COLUMN — Diagnosing the industry’s woes
How healthy and profitable is the minerals industry at present? The answer is, “Not very healthy and not very profitable.” A major study, completed by a task force consisting of industry executives wi…
EDITORIAL PAGE — Moving in the right circles
A reader glancing through early issues of The Northern Miner will no doubt come across the name Hollinger quite frequently in news stories. The reference might be to the spectacular gold mine in the T…
Study shows shortage of skilled environment workers
A shortage of technically skilled workers and management is threatening the long-term success of Canada’s $6-billion-per-year environment industry, warns Employment and Immigration Canada. A study by …
MINER BRIEFS — Goodfellow award
Goodfellow Consultants Inc. of Mississauga, Ont., recently won the Canada Award for Business Excellence in the environmental category. The award recognizes the company for its leading-edge technology …
MINER BRIEFS — Aluminum smelter
Joint venture partners SNC-Lavalin of Montreal and Johannesburg-based Engineering Management Services say they will join with Alusaf Ltd. to construct the world’s largest aluminum smelter ever built a…
Curragh schedules production shutdowns
Zinc producers need to follow the lead of Curragh (TSE) and cut production if they want to prevent further erosion of the zinc price, says Julian Baldry, an analyst with Nesbitt Thomson. Curragh says …
STOCK MARKETS — Commonwealth trades heavily on news of
Diamond fever sparked a feeding frenzy on western markets during the week ended Nov. 17, helping to boost the Vancouver Stock Exchange resource index by more than 20 points to the 570 level and the co…
Green light for El Condor financing
A previously announced $7.2-million financing by El Condor Resources (VSE) recently received regulatory approval, qualifying the distribution of 1.8 million units. The company arranged the placement e…
STOCK MARKETS — Diamond stocks hit new highs amid broad
While most issues on The Toronto Stock Exchange continued to slump during the week ended Nov. 17, shares of many of the diamond explorers headed to new highs on heavy trading. Although the search for …