BP Canada up for sale
The control position of BP Canada (TSE) is being sold by oil and gas parent British Petroleum. BP will sell its 56.9% interest in BP Canada for $374 million. Brokerage house RBC Dominion Securities is…
News
Placer’s high-cost mines at risk
Placer Dome’s (TSE) “gross strategy” in the months ahead will be to undercut worldwide average production costs of US$265 at all of its mines while maintaining gold production, President Tony Petrina …
NEWS IN BRIEF (May 11, 1992)
Premier Gold Resources Inc. (PGL:VSE) has changed its name to Cryptic Ventures Inc. (CYV:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Pacific Corporate …
PEOPLE (May 11, 1992)
David Townley appointed president; David Birkenshaw, James Beatty, Greg Bowes, David Hall, David Knight, Frank Lang and David Townley appointed directors.
CORRECTION (May 11, 1992)
TVX Gold (TSE) director Glenn Ives recently bought 1,000 shares of the company for $3.40 to hold 1,000 directly. Incorrect information was reported in the May 4 issue of The Northern Miner.
U.S.REPORT (May 11, 1992)
The sale of subsidiary Tenneco Minerals to Solvay America for US$500 million in cash was announced recently by Tenneco Inc. of Houston. Tenneco Minerals mines and processes trona ore to produce soda a…
Shipping lane could prompt boom north of Yellowknife
The MV Arctic set sail this week from Halifax en route to the Nanisivik terminal on Baffin Island to pick up about 25,000 tonnes of lead and zinc concentrates before heading to Europe. In June, the sh…
Mixed results from drilling at Contact Lake
Widely-spaced holes designed to test the Muskeg and Owl showings on the Contact Lake gold property in northern Saskatchewan have all returned uneconomic intersections, says partner Westward Exploratio…
Newmont earns US$40 million on gold purchase
Newmont Mining (NYSE) recently took advantage of low gold prices to buy 375,000 oz. of gold on the forward market. The new reserve will be used to pay off the balance of a one million oz. gold loan sc…
Fluor awarded $180-million HudBay contract
Fluor Daniel has secured a $180-million contract to upgrade Hudson Bay Mining and Smelting’s (TSE) processing operations at Flin Flon, Man. The contractor’s mining and metallurgical wing, Fluor Daniel…
Viceroy sets standard for California mines
The official opening of the Castle Mountain gold mine in this historic mining district was a day of celebration for Viceroy Resource (TSE), a persistent and progressive junior company which overcame a…
Rhonda options Noranda prospect
A letter of intent has been signed between Rhonda Mining (ASE) and Noranda Exploration whereby Rhonda may earn a 50% interest in a copper property in the Coppermine area of the Northwest Territories b…