Work suspended
Mill construction at the Ray copper mine expansion in Arizona has been temporarily suspended pending the resolution of an issue related to permitting at the site, Asarco (NYSE) reports. The company sa…
News
GOLD FUNDS (October 08, 1990)
MVP BGR Central Capital Net value $10.59 $5.88 $0.30 Price $9.375 $5.625 $0.17 Discount 11.47% 4.3% 43.3% Value $63,072,526 $94,636,688 N/A…
NEWS IN BRIEF Falconbridge Ltd.
Falconbridge Ltd. (FL:TSE), in Onaping, Ont., is to develop a computer system which may improve productivity and efficiency in underground mines. Under a $158,000 contract with CANMET, Falconbridge is…
NEWS IN BRIEF Kel d’or Resources
Keld’or Resources Inc. (KED: VSE) has changed its name to Consolidated Keld’or Resources Inc. (CKD:VSE) on a 1-new-for-3-old- share basis. Transfer agent is Montreal Trust.
Correction (October 08, 1990)
LAC Minerals (TSE) purchased its 65% interest in Bond International Gold (TSE) for US$379 million. An incorrect figure was previously reported (T.N.M., Oct.1/90).
Amax amends Coral deal
It appears that Amax Gold (TSE) is prepared to continue with a second phase exploration program on the Robertson gold property, owned by Coral Gold (TSE) in northern Nevada. The two companies reached …
Johnson mine begins commercial output
The Johnson Camp copper mine near Benson, Ariz., has reached commercial production and will be operating at full capacity by mid- October, says owner Arimetco International (TSE). Ore from the mine is…
Wilson explanation ovrlooks key information
Throughout the summer months the Prospectors and Developers Association of Canada conducted a national campaign designed to inform provincial and federal MPs of the dangerous situation into which Cana…
Who’s Who in U.S. mining
Another 25 mining greats of the U.S. were inducted into the National Mining Hall of Fame at its third annual banquet, held recently in New Orleans, La. The list of participants, about 400, reads like …
Royal Oak’s Pamour acquisition delayed
Giant Resources of Australia has agreed to extend the closing of Royal Oak Resources’ (TSE) acquisition of a controlling interest in the Pamour (TSE) group of companies. Royal Oak says it now expects …
Widths disappointing, but Goodfish structure better understood
Although unable to duplicate the results of last winter’s discovery hole, International Platinum (TSE) says a recent 6-hole program has helped to define the complex nature of mineralization on the Goo…
Newfoundland hosts open house
The Newfoundland Department of Mines and Energy will host its 1990 open house at St. John’s, Nfld., Nov. 1. It will include a morning session on the department’s various activities and on mineral expl…