Billiton’s Flett has experience in Canada scene
Although born and bred in England, Billiton Metals Canada’s new president, Andrew Flett, is no 0000,0509 stranger to Canada. As a university student, he spent a summer b a c k p a c k i n g from the e…
News
Billiton calculates reserves at Blende lead/zinc deposit
Using parameters applicable to open pit mining, Billiton Metals Canada has calculated a preliminary reserve of 12.6 million tons grading 2.2% zinc, 3% lead and 1.46 oz. silver per ton at the Blende de…
Debt costs squeeze Noranda – Hemlo may go on the block
Toronto-based Noranda (TSE) may begin selling off core assets including Hemlo Gold Mines (TSE) if cost-cutting measures fail to contain the company’s $3.9-billion long-term debt. Senior executives at …
Inco planning summer shutdowns
Employees of the smelting and refining plants at the Sudbury, Ont., operations of Inco (TSE) will take a 5-week vacation next summer beginning July 1, the company announced. The company’s mining and m…
Mahogany set to buy 33% of Columbia Gold
Vancouver-based International Mahogany (TSE) has agreed to acquire a 33% initial stake in Columbia Gold Mines (VSE) through a private placement deal. Under an agreement, Mahogany is acquiring one mill…
Scotia Prime teams up with Phelps on Nova Scotia holdings
Halifax-based Scotia Prime Minerals (ASE) and Phelps Dodge of Canada, a unit of major copper producer Phelps Dodge (NYSE), have teamed up to explore three base metal properties in Nova Scotia. Under a…
U.S.REPORT Best grades yet at Great Lakes project
Great Lakes Minerals (TSE) has just received the best assays yet from their copper project on the Keeweenaw Peninsula in northern Michigan. Hole 9, drilled on the 543-S deposit, intersected 41.7 ft. g…
Central Crude plans $7.7 million financing
Through two private placements totalling 700,000 units, Central Crude (TSE) expects to raise $7.7 million for continued exploration on its Eagle River and Moss Lake gold properties in northern Ontario…
Treminco reports successful year even though small loss was taken
Although Treminco Resources (TSE) reported a net loss of $70,000 for the year ended July 31, cash flow was $1.61 million. This compares with net income of $317,000 and cash flow of $1.96 million in 19…
People PACIFIC GOLD (December 17, 1990)
Dale Scholz appointed chairman of the board and director succeeding W. Danke who resigned; Terry Holland and Norm Tribe appointed directors succeeding G. Carlson and R. Handfield who resigned.
Integrated unit sale
Edmonton-based Integrated Resources says it raised $339,560 from a unit offering which closed last month. Each unit consisted of 2,000 shares comprising 1,600 flow-through shares and 400 common shares…
AMC/NCA to improve communication skills
A national mining industry communications workshop will be held at the Westin-Tabor Center in Denver, Colo., March 5-7. The workshop is sponsored by The American Mining Congress and the National Coal …