People (May 01, 1989)
INTERNATIONAL SHASTA RESOURCES — Edward W. Craft appointed manager, project development.
News
NOTES FROM UNDERGROUND
Canada;s `muck-chasers’ meet once a year to swap ideas. Here’s what’s hot. Chasing muck is no picnic. And it’s becoming even more demanding now that base metals prices are on the upswing and more min…
50 Years Ago NEW SHAFT STARTED AT INCO’S GARSON
The International Nickel Co. announces the beginning of work on a new large- sized shaft at the Garson mine. The cost of the shaft, hoisting equipment and complementary surface plant and structures is…
On the Move (May 01, 1989)
Stephen McMurray is the general manager of blm Mincon, a new manufacturer and distributor of mining and construction products, based in Lively, Ont. BLM, one of the Bharti Laamanen Mining group of com…
Falco Gold profit (May 01, 1989)
Falconbridge Gold (TSE) realized earnings of $1.36 million or 10 cents per share for the first quarter of 1989 ended March 31. Revenues totalled $15.1 million from the sale of 31,880 oz of gold. Mine …
THE ECONOMICS OF THIOUREA
If cyanide costs $2 per kg and if it costs between $8 and $14 per kg to destroy it by chemical methods, then it may be more economic for a gold mine to use thiourea to leach its ore. Here’s the reason…
Suppliers’ Notes (May 01, 1989)
Rauma-Repola of Finland has signed a purchase agreement to acquire Nordberg Inc. of Milwaukee, Wis. Nordberg is the largest manufacturer of crushing equipment in North America. The first crusher manuf…
Callahan will spend $2 million on Kirkland Lake gold prospect
Arizona-based Callahan Mining (NYSE) has concluded an agreement to explore several properties in the Boston Creek area near Kirkland Lake, Ont. Shenandoah Resources (VSE) and Miller Independence Minin…
TURNAROUND Renabie
The Renabie gold mine, in north-central Ontario, was dogged by financial troubles practically from its inception in the late 1940s. The federal government’s Emergency Gold Mining Act saw it through pe…
FINANCING (May 01, 1989)
ONTARIO Chieftain Int’l — final rec iss offer 8,250,000 @ $13.50(US) to net $107,476,875(US). VANCOUVER Bunker Hill Mng — opt exerc on 700,000 @ $3 per sh. Jacqueline Gold Corp — opt exerc on 100,0…
Mill start up at Highland Valley
In a move to expand production and increase operating efficiency, Highland Valley Copper relocated two previously shut-down mills to a site adjacent to the former Lornex milling complex at its huge co…
Restigouche may be next base metal mine in N.B.
New Brunswick’s fourth base metal producer could go into production this fall if negotiations involving Marshall Minerals (ASE) and East West Caribou Mining are successful. Toronto-based Marshall has …