Dignitary to showcase Australia at CIM lunch
Globe-trotter Sir Arvi Parbo will give a talk on Australia’s minerals industry at an Oct. 22 luncheon in Toronto’s Royal York Hotel. His speech will address such topical issues as land rights, sustain…
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Kookaburra lands Ecuador property
Adding to a portfolio of copper-oxide properties, Kookaburra Gold (VSE) reached an agreement with AG Armeno Resources (VSE) to acquire up to a 65% interest in the Chaucha copper project in Ecuador. Ko…
MINING IN MEXICO — Placer Dome mining Mexican silver
As an international mining company, Placer Dome (TSE) has years of experience working in a variety of foreign countries. Today the company has mines and exploration projects all over the globe. While …
NEWS ROUNDUP — Deak exercises Yorbeau option
Having completed mill tests on 6,000 tons of ore to confirm grade and recovery, Deak Resources (TSE) says it will exercise its option to acquire the Astoria deposit in northwestern Quebec from Yorbeau…
NEWS ROUNDUP — Westray coal unavailable, Devco fills gap
Unable to buy coal from the closed Westray mine at Plymouth, N.S., provincial utility Nova Scotia Power Corp. will purchase an additional 300,000 tonnes coal from Cape Breton Development Corp. (Devco)…
NEWS ROUNDUP — Northgate buys back debentures
Under an offer to repurchase its debentures, Northgate Exploration (TSE) announced that $11,553,000 (84%) of its 7% convertible subordinated debentures have been tendered. Under the offer, Northgate p…
ON THE LEVEL — Ontario Hydro needs a Bill James
Ontario Hydro, that giant Crown-owned utility, is creating quite a headache and dilemma for Falconbridge Ltd., its largest buyer of industrial electricity. The big mining firm, suffering from what it …
PEOPLE — GOLDEN HEMLOCK EXPLORATIONS
Colin Redden, Lawrence Schaffer, Laurence Stephenson and Robert Wondga appointed directors; Irving Bronfman appointed director/president.
METALS MARKETS — Metals inventories on the increase
Currency movements, trade turmoil, sagging military spending and other activities influencing the world stage are slowly pushing consumers to the sidelines to await better days. In North America, the …
Onitap undergoes reverse takeover
A private Calgary-based oil and gas company, Red Oak Resources, has completed a reverse takeover of Onitap Resources (TSE). The name Onitap has been changed to Red Oak Resources. It is anticipated tha…
MINING IN MEXICO — New governmment measures — Mexico opens
Mining has been a major activity in Mexico since prior to the discovery of America. In the past, many of the country’s cities grew and flourished because of mining booms. The industry’s importance is …
MINING IN MEXICO — PROJECT ROUNDUP — Northern Crown plans
At its recently acquired Guadalupe de los Reyes property north of Mazatlan, Northern Crown Resources (VSE) plans to drill-test a large gold-silver mineralized system with bulk-tonnage potential. John …