MINER DETAILS — The best to come for the North
As Russian myth goes, the region of Yakutia in northeast Siberia is so cold that diamonds and gold slipped from the creator’s hands when he shaped the land. At least that’s how locals explain the rich…
News
EDITORIAL PAGE — Offshore mineral rights
An international court in New York reached a compromise decision recently in a fishing zone dispute between Canada and France off the southern coast of Newfoundland. The court rejected ocean boundary …
Goldbelt’s copper project in Russia comes under scrutiny
Junior Goldbelt Resources (VSE) appears hopeful that its initial agreements providing rights to the Udokan copper project in Russia will be “grandfathered” by the current Russian government. The compa…
U.S. Mining Law repeal given committee nod
The interior and insular affairs committee of the U.S. House of Representatives recently approved legislation to repeal the Mining Law. Under the amended legislation, a new system for acquiring rights…
Westar directors tender resignations
Six members of the 9-person board of directors of Westar Mining (TSE) of Vancouver resigned recently. The coal miner says the resignations were prompted by exposure to potential personal liability whi…
PROFILE — Dynatec’s Dengler debunks industry-defaming myths
Copper is the “metal of the 1990s,” says Robert Dengler, chairman and chief executive officer of Dynatec International. Today the average single-family home in North America requires 422 lb. copper, c…
San Andreas hits high-grade zinc
Newly listed San Andreas Resources (VSE) has intersected high-grade lead-zinc values over significant widths at its Prairie Creek mine property about 300 miles west of Yellowknife, N.W.T. Testing dept…
Placer Dome stays litigation, files separate Pipeline suit
A subsidiary of Placer Dome (TSE) voluntarily stayed a legal action it began in Reno, Nev., against Hanson Natural Resources, doing business as Gold Fields Mining of Denver. The dispute between the tw…
Black Hawk enters option deal
Black Hawk Mining (TSE) is moving to boost its nickel reserves by earning 50% of All-North Resources’ (VSE) interests in a group of four properties in the Kluane area of southwest Yukon. Toronto-based…
LATIN AMERICA — Outokumpu Copper Resources reports.
The company, part of Outokumpu group of Finland, recently received a feasibility study for the project from engineering firm Fluor Daniel Wright. The study estimates total reserves of 556 million tonn…
Challenger options property in northwestern Ontario
Recently listed Challenger Minerals (VSE) has been granted the right to earn a 100% interest in the Marshall Lake copper-zinc property 160 miles northeast of Thunder Bay, Ont. Aur Resources (TSE) will…
Aurizon, Soquem complete deal
Soquem, the exploration arm of the Quebec government, is set to earn a 50% stake in Aurizon Mines’ (TSE) Bruneau Twp. gold property after closing an option agreement with Aurizon. Soquem can exercise …