Moving up the environmental spectrum
Endorsing the concept of sustainable development implies that a company will make a commitment to “develop management skills to a level comparable with those we use in economic management,” says the G…
News
Sale of Chilean deposits extended
Potential buyers will have until the middle of June to make offers for certain Chilean gold properties held by Cominco Resources International (TSE) and a joint venture partner. The partners are join…
Smelter problems for Falconbridge
Production problems were recently experienced by Falconbridge at the company’s Sudbury smelter. The nickel producer, owned 50-50 by Noranda Inc. and Trelleborg AB, said the smelter’s number one furn…
Kennecott, NovaGold form joint venture on Sewell Brook
Kennecott Canada, the recently revived exploration arm of Kennecott, is planning to make a substantial investment in the Plaster Rock area of New Brunswick. As part of a recent agreement, Kennecott w…
Denison to sell Zemex interest
An agreement to sell its 33.9% interest in Zemex Corp., a producer of industrial minerals and mineral powders in the U.S., for US$8.6 million has been entered into by Denison Mines (TSE). In addition…
Mimiska plans work program
An electromagnetic survey undertaken at the Pusticamica property in Mountain Twp. in northwestern Quebec identified three strong bedrock conductors, Societe Miniere Mimiska (ME) reported. The company …
Granges to spend $6 million on exploration during 1991
Exploration efforts by Granges (TSE) in the coming year will be focused on the Flin Flon area of northern Manitoba, President Colin Kaiser told shareholders at the company’s recent annual meeting. The…
Aur drills Abitibi bets
Exploration resumed recently on three Val d’Or, Que., base metal properties optioned by Aur Resources (TSE) from Consolidated Abitibi Resources (ME) and Dumont Nickel (ME). Aur is spending $500,000 o…
Placer Dome battles operating costs
Along with efforts to explore for and acquire base metal properties, management of Placer Dome (TSE) intends to further improve the company’s operating performance this year. “Our profit margins are …
Rea Gold focus on QR
Junior producers have become something of an endangered species these days, but Rea Gold (TSE) is bucking the trend and aiming to develop its second operating mine in British Columbia. The company alr…
Alberta Stock Exchange Crew on site at AOK
Recently listed Takla Star Resources says a field crew is on site at the AOK copper-gold property, 50 miles north of Fort St. James, B.C. The Edmonton-based explorer, with the right to acquire 100% o…
Silver price puts squeeze on Hecla’s Lucky Friday
Pocked with old mining workings, Idaho’s “Silver Valley,” officially known as the Coeur d’Alene mining district, has produced more than US$4 billion in metals over the past century. As the name would…