EDITORIAL PAGE — Squeezing securities dealers
Securities dealers, those orphan stockbrokers in Ontario that aren’t members of either The Toronto Stock Exchange or the Investment Dealers Association (IDA), have few friends these days. The Ontario …
News
Newmont Mining active at two Indonesian projects
Two prospects in Indonesia are showing promise for Newmont Mining (NYSE). One is the 80% owned Minahasa prospect on the island of Sulawesi. Preliminary reserves currently stand 13.5 million tons gradi…
Eden Roc subsidiary hikes gold output
Two gold pours totalling 1,547 oz. have recently been completed by Eden Roc Mineral’s (TSE) West African subsidiary Somiaf. This represents an increase of 75% over previous pours. The high-purity bull…
Yellowknife benefits from diamond rush
The exploration boom in the Northwest Territories is having a dramatic impact on select businesses in Yellowknife, but the capital city is not expected to enjoy any widespread economic fallout until m…
NEWS ROUNDUP — Westray inquiry costs near $1 million
Sixteen parties have been granted status before the commission established to investigate the Westray coal mine disaster in Nova Scotia earlier this year. The public inquiry, to begin its hearings Oct…
NEWS ROUNDUP — Platinum, palladium contracts on Comex
Trading of platinum and palladium contracts was launched recently by the Commodity Exchange (Comex) of New York. Comex, the world’s largest market for the trading of gold and silver futures and option…
EDITORIAL PAGE — Invitation
If you have a mining-related anecdote to share with our readers, please send it to The Northern Miner. Each submission should be 650-700 words long and will be subject to editing.
LATIN AMERICA ROUNDUP — Dakota plans Andes pilot project
A letter of intent to develop ore reserves in the Andes has been entered into by Dakota Resources (ASE), through its Barbados subsidiary, with an unnamed South American producer of commercial iodine. …
EMR grants
Research grants totalling $2 million will be used to support resource-related projects for 1992-93. This funding comes from the federal Department of Energy, Mines and Resources (EMR) and the Natural …
LATIN AMERICA ROUNDUP — Even commences Chilean program
An exploration program is under way at the Inca de Oro gold project in northern Chile, Even Resources (VSE) reports. Initial work will include surveying and check sampling of the existing underground …
Mining televised
A television campaign to improve mining’s image and to stress its importance has been launched by Ontario’s Department of Northern Development and Mines. It targets viewers in the Toronto and Hamilton…
Menora completes private placement
A private placement of 1,125,000 units has netted Menora Resources (ME) $450,000. Each 40 cents unit consists of one share and one warrant. Redemption of two warrants plus 80 cents on or before April …