GOLDEN BITS
Diamond Drill Bits New diamond drill bits from Utah-based Christensen Mining Products increase footage per bit by 15% to 20%, the company says. These “gold” bits, as they are called, combine friable d…
News
Uranium Spills
Cameco, the Saskatchewan uranium producer, recently had its knuckles rapped for spilling radioactive waste at the Rabbit Lake mine. In late December, 1.9 million litres of radioactive water spilled fr…
Panel mine wins McCrea trophy
Rio Algom’s Panel Mine defeated 19 teams to win this year’s McCrea first aid competition, organized by the Mines Accident Prevention Association of Ontario (MAPAO). Trailing behind was the Stanleigh m…
Quote proposes joint venture on magnesium deposit near Algoma
A large deposit of olivine gabbro discovered in Riggs Twp. near Algoma, Ont., may contain commercially significant amounts of magnesium. Intending to develop the gabbro stock, Quote Resources (VSE) ha…
Aussie election shouldn’t change mining policy
Re-election of the Labor Party in Australia in the recent national election should mean a continuation of the current policy governing the mining industry in that nation. While the final seat tally ha…
FUTURES PRICES (April 02, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 127.50 120.00 121.65 — 6.35 Apr 118.10 117.60 116.35 — 4.95 May 116.40 112.00 112.25 — 5.05 SILVER (in US …
Placer Dome earns 60% of Mexican Hat
Through expenditures of US$1.38 million, a unit of Placer Dome (TSE) has earned a 60% interest from Oneida Resources (VSE) in the Mexican Hat gold property in Cochise Cty., Ariz. Some 137 holes totall…
Amax acquires 100% of Hayden Hill
For the sum of $14.9 million, Amax Gold (TSE) has acquired the remaining 40% interest in the Hayden Hill gold venture from a subsidiary of U.S. Gold (NASDAQ). Completion of this purchase gives Amax 10…
Coal exports in jeopardy?
Canada’s exports of metallurgical coal to Japan, a key industry in Western Canada, could be in jeopardy by the start of the 21st century. According to a paper at the Globe ’90 environmental conference…
Calpine plans program for GNC
A $500,000 work program has been proposed by Calpine Resources (VSE) for the GNC claims north of Stewart, B.C., which surround a large part of the Eskay Creek gold deposit owned equally by Calpine and…
Editorial Mining industry challenged
The mining industry along with every other industry sector was challenged at Globe ’90, an international environmental conference held in Vancouver, B.C., to play a stronger role in protecting the env…
Bojtos names the minerals
Peter Bojtos won the “Name the Minerals” contest at the Prospectors and Developers Association of Canada’s annual convention, March 11-14. He is vice-president of corporate development at Kerr Addison…