COMMENTARY — Banking on the mining industry
Major Canadian banks have had a long tradition of financing mine development to commercial production in Canada. The banks’ interest gained momentum in the 1950s with the development of Canada’s urani…
News
Bougainville mine could be reopened
The recently elected prime minister of Papua New Guinea, Paias Wingti, has predicted that the 180,000-tonne-per-year Bougainville copper mine will be reopened within 12 months at a lower cost than pre…
U.S. ROUNDUP — Offer received for Golden Summit
An undisclosed senior mining company is proposing to further develop the Golden Summit property being explored by Freegold Recovery (VSE) near Fairbanks, Alaska. Freegold management expects to release…
U.S. ROUNDUP — Wharf assesses mine acquisition
Following completion of a detailed assessment of the Golden Reward mine near Lead, S.D., Wharf Resources (TSE) says it has identified the mine’s most pressing needs: — capital — the mine does not ge…
Retirement party set for Jan. 21
Friends and associates of M.R. (Mort) Brown will honor the retiree at a party Jan. 21, 1993, at the Ontario Club and Engineers’ Club (recently merged), fifth floor, Commerce Court South, downtown Toro…
Some U.S. miners downsize Canadian operations
As 1992 comes to an end, many American mining companies have either closed or are planning to downsize their operations in Canada. Battle Mountain (Canada), a unit of Battle Mountain Gold (NYSE), anno…
ON THE LEVEL — Carrying aboriginals costly
For a government teetering on bankruptcy, Ottawa keeps right on spending like a drunken sailor. And I’m not referring to that asinine squandering of $4.3 billion for 50 of the world’s most sophisticat…
Miramar acquiring Cuban interests
Through an arrangement with Australian-listed Matlock Mining, Miramar Mining (VSE) reports the acquisition of an interest in the Hierro copper project and the Delita gold project in Cuba. Matlock hold…
Russian conference invites papers
Organizers of an international symposium on complex ores utilization, which will be held in Saint Petersburg May 10-20, 1994, are inviting submissions of papers. Topics include ore dressing, hydrometa…
PEOPLE — SWAY RESOURCES
John Carson appointed president and director; William Yahnke and Edward Carson appointed directors.
PEOPLE — IMCO RESOURCES
J. Simpson appointed director.
Teck subsidiary buys Balmer mine
A wholly owned subsidiary of Teck (TSE), Elkview Coal Corp., has completed the purchase of the Balmer coal mine in the Elk River Valley of southern British Columbia. The purchase price includes a cash…