Inco, union form green team
The United Steelworkers of America has teamed up with Inco (TSE) to create an Environmental Awareness Committee, the first of its kind in Canada. To be co-chaired by Inco vice-chairman Walter Curlook…
News
Total Energold reports loss
A loss of $2.4 million was reported by Total Energold (TSE) on net sales of $13.1 million for the 1991 first quarter, compared with a loss of $1.7 million on sales of $9.2 million for the first three …
Pegasus floats new offering
An offering worth about $44.6 million, involving the sale of three million units in Canada and Europe only, has been announced by Pegasus Gold (TSE). The gold producer said each unit, to be priced at…
Losses in 1990 push B.C.’s coal producers to the brink
British Columbia’s coal producers reported a record loss of $88 million in 1990, marking the worst yearly performance since the Coal Association began its compilation of results in 1982. The primary …
More results from Myra Falls
More assay results were released by Westmin Resources (TSE) from a recent stepout hole drilled 140 metres west of the discovery hole on its Myra Falls mine property near Campbell River, B.C. In late …
NovaGold gains licence for recovery process
Following an agreement with the Canada Centre for Mineral Energy Technology (CANMET), NovaGold Resources (TSE) will acquire rights to a new base metal recovery process. The original technology, calle…
Ontario’s new Act sparks concern for survival
Under discussion for years, amendments to Ontario’s Mining Act known as Bill 71 were passed by the legislature Dec. 6, 1990, and became effective June 3 this year. Some of the changes it calls for wer…
Lenora considers Mexico for potential exploration work
With cash in its treasury, Greater Lenora Resources (TSE) is looking for development from its Canadian property interests in Quebec, Ontario, Saskatchewan and the Yukon, and is even looking to Mexico …
PEOPLE FORTUNE BAY RESOURCES
Bill McWilliam appointed president and director; James Dawson appointed vice-president and director.
PEOPLE CAZADOR EXPLORATIONS
John Chapman appointed president succeeding Barry Way who resigned; William Weymark appointed director succeeding Rolanda Andaya who resigned.
U.S. REPORT Bull Run sitting on cash
With about US$5.6 million in cash and no debt, Bull Run Gold Mines (NASDAQ) is searching for investment opportunities in the resource field. The company sold its 40% interest in the Big Springs gold m…
PDAC Perspectives Quebec takes steps to help juniors, prospectors
Over the past few months, the Quebec government has announced various measures to soften the blow for junior mining companies and prospectors in the province and to help sustain them through economic …