For the second time this year, Belmoral Mines (TSE) and Aur Resources (TSE) have worked out a deal designed to rescue Belmoral from its financial predicament and expand Aur’s influence in the Val d’Or…
For the first six months of 1990, Cyprus Minerals (NYSE) reported earnings of US$55.5 million, or US$1.17 per share, on revenues of US$894.8 million. The earnings were affected by a pretax US$27.5 mil…
The all-commodity price index of Scotiabank rose slightly in June, but the metal and mineral sub-index headed the other way as the price of gold dropped. The past few weeks have seen a rebound in the …
The new Swiss subsidiary of De Beers Consolidated Mines has swung a deal with the Soviet Union which gives De Beers a 5-year contract to sell the latter’s rough diamond production. Soviet production f…
Over the past six months, shares of Ontex Resources have quietly moved up above the $1.60 level from below $1 in March. During the week ended July 31, Ontex gained 15 cents to close at $1.65. The gain…
The demise of flow-through financing has been particularly damning for junior resource companies that trade on the over-the- counter exchange in Ontario. In the past six months, several juniors have t…
Toronto-based Eden Roc Mineral (ASE) has raised a total of $300,000 by way of a private placement to a European institutional investor. The placement involved 600,000 shares at a price of 50 cents per…
The U.S. will begin to import nickel from the Soviet Union, following an agreement between the two countries to end a 7-year-old ban. The agreement, effective June 28, allows the Soviet Union to expor…
The need to protect groundwater resources from the contaminating effects of toxic liquids has created a thriving market for the manufacturers of synthetic, “impermeable” geomembranes. Miners seeking t…
Software system manufacturer Jonas & Erickson has appointed Robert Garbutt to the position of president and chief executive officer. Garbutt was recently senior vice-president at MAI Basic Four in the…
A provincial court has ruled that negligent management and improper maintenance procedures caused a spill of contaminated uranium mine water at Rabbit Lake, Sask., on Nov. 6 and 7, 1989. During a peri…
NOT A STRIKE IN CANADA A most significant announcement has been made by the Dept. of Labour in Ottawa, which reports that there was not a single strike or lockout in progress in Canada at the end of J…
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