EDITORIAL The clash of Titans
From the mucker to the mine manager, from the shift boss to the chief executive officer, there are probably more dynamic individuals in the mining business than any other. The industry is in the busin…
News
Montreal Exchange Aur, Louvem talking
The market took a turn for the better during the holiday-shortened week ended July 3. The mining and minerals index showed a gain of more than 65 points and the general market portfolio index jumped b…
Alberta Stock Exchange Indigo in option deal
An option to earn a 50% interest in the New 3, New 4 and Joy 12 claims in the Iskut gold camp of northwestern British Columbia has been acquired by Indigo Gold Mines from VSE-listed International Pris…
First Toronto meets with banker
Discussions are continuing between First Toronto Mining (TSE) and its principal banker concerning a restructuring of the company’s outstanding debt. First Toronto’s main subsidiary, Walhalla Mining, h…
Last bauxite mines closed in U.S.
The last operating bauxite mines in the United States have been closed by Alcoa after 91 years of operation. The mines, situated near Little Rock, Ark., are adjacent to Alcoa’s Arkansas operations whi…
New zone uncovered at Jualin project
Winter drilling on the Jualin property located near Juneau, Alaska, has identified a new zone of intensely silicified, pyritic, quartz veined stockwork diorite containing sphalerite and free gold. Pla…
Commodity index follows flat trend
The all-commodity price index of Scotiabank dropped slightly in May, continuing a largely flat trend. Gains in the metals and minerals sub-index offset declines in the three other sub-indices. The all…
Pioneer’s future put in question
A recent decision by the British Columbia Supreme Court has placed Pioneer Metals (TSE) a step closer to bankruptcy. The ruling held that Pioneer was in breach of a covenant on its Nov. 10, 1988, loan…
Redstone Res. boosts interest in Dominicana nickel producer
Toronto-based Redstone Resources (TSE) is increasing its interest in the Falconbridge Dominicana nickel operation in the Dominican Republic, shareholders were told at the annual meeting. The company w…
Waterford linked to overstaking of Eskay claims
Speculation is growing that Waterford Resources (VSE) may have an inside track to acquire some disputed claims in the Eskay Creek region north of Stewart, B.C., possibly including ground overstaked by…
LETTERS TO THE EDITOR Timmins a `vibrant community’
I would like to express my disappointment with a recent article that appeared in The Northern Miner (June 11/90) about the future of the city of Timmins. The article discusses the present labor proble…
Dingman pursues Russian joint venture
A small Canadian mining company says it has signed a letter of intent with a Soviet organization to build an autoclave for processing arsenic-rich gold concentrates. Toronto-based Dingman Industries (…