San Andreas focuses on reserves
With a 1,200-ton-per-day mill almost ready to turn over and two million tons of ore reserves, San Andreas Resources (VSE) could have a mine operating at the Prairie Creek mine project in the Northwest…
News
Placer Dome acquires 50% stake in northern Chile copper
Major companies bullish about copper appear to be making Chile a prime hunting ground for new acquisitions. The latest is Placer Dome (TSE), which after completing a due diligence review, acquired a 5…
Nova-Cogesco buys Aurizon stake
A 6.6% interest in Aurizon Mines (TSE) has been sold to Nova-Cogesco Resources (TSE) by Hughes Lang (VSE) of Vancouver, the companies report. Nova-Cogesco is a 51% indirect subsidiary of Hughes Lang; …
Canarc nets 91% of Suntac
With the completion of a successful takeover offer for all the shares of Suntac Minerals (VSE) not already owned, Canarc Resources (VSE) will hold a total of 13,070,581 shares, or about 91% of Suntac’…
EDITORIAL PAGE — Happy retirement, Mort
What can you say about a man who has spent 43 years with the same newspaper, who has outlived more than a few of the mining operations he has written about, and who has almost as many stories about th…
Uranium output in Western World declines
If the conclusions of a report by the Uranium Institute of London are anything to go by, Canada’s uranium miners will see a vibrant future unfolding in the years ahead. The report is a store of statis…
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…
Virginia plans January drilling
A drilling program to confirm the source of mineralized boulders at the Sagar-III gold-uranium property in the Labrador trough area of Quebec should start in January, Virginia Gold Mines (ME) says. An…
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…
Correction (December 21, 1992)
Consulting firm Pincock, Allen & Holt of Colorado was recently awarded a contract to design a restructuring program for Bolivian state-owned mining company COMIBOL. An earlier story (T.N.M., Dec. 7/92…
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…