Trader ends deal
Trader Resources (TSE) has decided not to exercise its option to purchase 1.6 million shares of Ronnoco Gold Mines (COATS) at $1.25 per share. According to the vendors of the shares, Cabre Exploration…
News
Charges dropped in fatal cave-in at Belmoral mine
Charges against Belmoral Mines (TSE) related to a mining accident 10 years ago at Val d’Or, Que., will not be pursued by the Province of Quebec, the company reports. The May, 1980, cave-in killed eigh…
Abcourt-Barvue closed
Citing low silver prices, decreasing grades and high costs, Abcourt Mines (ME) says it will close its Abcourt-Barvue silver mine in Quebec at the end of March. A major operating cost was incurred from…
Rio Algom eyes B.C. copper bet
A porphyry copper-gold prospect held by a unit of BP Canada (TSE) and Digger Resources (VSE) north of Fort St. James, B.C., has attracted the attention of Rio Algom (TSE). Rio Algom signed a letter of…
COATS (over-the-counter) Copperquest firm
Copperquest, the first junior mining company to complete a financing in 1990, is now trading in the 23-25 cents range. The financing, done at 21 cents , involved about 1.5 million shares of Copperque…
A better informed public can better influence governments
This is the first of a regular monthly column from the Prospectors and Developers Association of Canada. The role of keeping industry informed of emerging legislation and key political developments ha…
Capital spending booming as Sudbury mines come open
Although a recent drop in the market price of nickel on the London Metal Exchange has prompted cost-cutting action by two of Canada’s nickel producers (T.N.M., Jan. 29/90) big capital expenditure prog…
Letters to the Editor Noranda doesn’t own 100% of Kidd Creek
In your article “Kidd Creek back to running order after Jan. 3 fire” (T.N.M., Jan. 22/90), you state that Kidd Creek is owned by Noranda. I noted that in a recent letter to the editor a reader caught …
Northair drilling Deception Lake
The first four holes of a 20-hole surface drill program were completed by Northair Mines (TSE) on the Deception Lake property, 114 miles north of La Ronge, Sask. Northair, which is earning a 51% inter…
IOC’s quest for quality; With the outlook for iron ore more
Gold is for the mistress, Silver for the maid, Copper for the craftsman, cunning in his trade. “Good,” cried the Baron sitting in his hall, “But Iron, COLD IRON, …
CONFIDENTIALLY . . .
Confidentiality agreements have been around for a long time, but ever since Mr Justice Holland handed down the trial judgment in the Williams mine case involving LAC Minerals and Corona Corp. and awar…
NATIVE MINERS
It is 1960 and the federal government is wringing its hands over what to do with the Inuit it had moved to Rankin Inlet, on the west coast of Hudson Bay, from the central Arctic. Suddenly, the bureauc…