Rio, Albino settle lawsuit
A former chairman of Rio Algom (TSE) has resolved his legal differences with the company. George Albino brought a $10-million wrongful dismissal suit against Rio after being removed from office in 198…
News
Letters to the Editor Canadian companies active in Arizona
The Arizona Department of Mines and Mineral Resources was very pleased to see that you used information included in our recent press release (T.N.M., Jan. 15/90). We were extremely disappointed, howev…
Homestake sells 60% of B.C. land package to American Reserve
A Canadian unit of Homestake Mining (NYSE) has reached an agreement for the sale of a 60% interest in the Kutcho Creek property, 100 km east of Dease Lake, B.C., to American Reserve Mining (ME). The p…
International Coast hosts Soviet delegation
A delegation from the Soviet Union visited Vancouver in early March to discuss mining industry opportunities that are becoming available in that country because of economic reforms under perestroika. …
Raw Bean production ahead of schedule
The Raw Bean diamond project in Brazil will begin production this month, more than one month ahead of schedule and about 10% under budget, Glencairn Explorations (ASE) President Kerry Knoll announced …
Selling off oil and gas assets gives Westmin strong earnings
A gain from the sale of its oil and gas assets helped Westmin Resources (TSE) report year-end earnings of $63.6 million or $1.17 per share, compared with earnings of $17.8 million or $0.02 per share i…
Bulk sample for Can-Mac
Owners of the Mon gold project at Discovery Lake, N.W.T., are encouraged by exploration results to date. Can-Mac Exploration (VSE), in the midst of a drilling program, is awaiting the results of a rec…
Easing of regulations in Latin America improves climate for
investment…
FINANCING (March 19, 1990)
Desert Sands — 800,000 offered @ 50 cents per unit. Eurogold — min 500,000 offered @ 45 cents per sh. Milan Res & Expls — 1,000,000 sold for gross $450,000. Excellon Res — min 650,000 offered @ 35…
People (March 19, 1990)
BRANER RESOURCES — Mark Wallbom appointed to the board of directors.
Nerco fashions Con turnaround with US$95-million investment
A well defined operating strategy backed by more than US$49.4 million in capital improvements has enabled Nerco Minerals, a unit of Nerco Inc. (NYSE), to achieve a turnaround in operations at its Con …
Nova-Cogesco Res. raises funding
A $2.5-million private placement with Le Fonds de solidarite des travailleurs du Quebec and MSV Resources (ME) has been completed with Nova-Cogesco Resources (TSE), the companies report. Le Fonds acqu…