Groups collaborate on mining research
The nature of mining research in Canada is changing as industry, government and universities pool their resources and expertise, says John Udd, director of Mining Research Laboratories for Energy Mine…
News
Correction (January 07, 1990)
Drill results from the Aurora gold property in Guyana, a joint venture of South American Goldfields (TSE) and Denison Mines (TSE), were incorrectly reported (T.N.M., Dec. 31/90). Highlights from the d…
Former Trimin executives take bonuses on retirement
Severance payments and cash bonuses totalling $528,500 were paid to Brian Fraser and Randy Turner before they resigned their respective positions as chairman and president of Trimin Resources (TSE). T…
Inco, Vior assume Douay ownership
The Douay gold project in Quebec’s Casa Berardi region will soon become a joint venture between two partners, Inco (TSE) and Societe d’Exploration Miniere Vior (ME). Vior says an agreement has been re…
African problems pump up cobalt
Stock exchange investors may be feeling the effects of a bear market but for cobalt producers, the times couldn’t be better. According to the London-based publication Metal Bulletin, the metal climbed…
Drilling starts at Gold Basin
A drill program by Consolidated Rhodes Resources (VSE) has started on the Gold Basin project in Mohave Cty., Ariz. The junior, controlled by Murray Pezim, is earning a 50% interest in the property fro…
Westar takes price cut for metallurgical coal
After making promising upward moves of US$3.50 and US$2.40 per tonne in each of 1989 and 1990 respectively, the price received for metallurgical coal by Canada’s largest producer has dropped somewhat….
Garrison gold project work continuing under new venture
Exploration and mining will continue on the Garrison gold property, 24 miles east of Matheson, Ont., following a joint venture agreement between Perrex Resources (ASE) and GSR Mining, a subsidiary of …
Spot prices at a glance (January 07, 1990)
Week’s Price (US) Change Gold* $392.50 + $8.75 Silver* $4.16 + $0.01 Platinum*$416.25 – $3.50 Nickel** $3.78 – $0.08 Lead** $0.28 + $0.01 Copper- $1.19 + $0.06 Zinc $0.57 Courtesy of Scotiabank. Infor…
Inco puts out contract to eliminate mussels clogging water intake
Inco Ltd. has put out a contract to eliminate the millions of zebra mussels clogging water intake pipes at its Port Colborne refinery in Ontario. They interfere with regular operations at the plant. R…
Seven Mile High seeks partner
After a review of 1990 exploration results, partners Seven Mile High Group (VSE) and a unit of Inco (TSE) do not intend to carry out a second phase program on the North vein at the Vault gold property…
Euro-Nevada buying Eskay Creek royalty
Toronto-based Euro-Nevada Mining (TSE) is purchasing a royalty in the Eskay Creek gold exploration project in northwestern British Columbia. Prime Resources Group (VSE) of Vancouver says it has agreed…