A review by the Bank of Nova Scotia of the then yet-to-be-built Westray coal project identified a number of financial risks associated with the mining project but apparently no safety concerns. A meth…
Net proceeds from the sale of 5.75 million convertible preferred shares amounted to US$136.3 million, Echo Bay Mines (TSE) reports. The proceeds are earmarked for debt repayment and general corporate …
Timmins, Ont., was born of the discovery of riches. In 1909, a group of prospectors discovered the fabulous Dome “Golden Stairway” which gave rise to the Dome Mines family of producers. Soon after, pr…
The name of the community of Copper Cliff in northern Ontario is allegedly derived from the expression “cliffs of copper,” with which Rinaldo McConnell described the mineral-rich area to Samuel J. Rit…
An agreement worked out between Minnova (TSE) and Ansil Resources (CDN) will see Ansil receive $4 million in cash from Minnova. The sum represents the purchase of all of Ansil’s past and future royalt…
Junior Goldbelt Resources (VSE) appears hopeful that its initial agreements providing rights to the Udokan copper project in Russia will be “grandfathered” by the current Russian government. The compa…
The interior and insular affairs committee of the U.S. House of Representatives recently approved legislation to repeal the Mining Law. Under the amended legislation, a new system for acquiring rights…
Six members of the 9-person board of directors of Westar Mining (TSE) of Vancouver resigned recently. The coal miner says the resignations were prompted by exposure to potential personal liability whi…
Stephen Roman, president of Exall Resources (TSE), has acquired an option to purchase Denison Mines’ (TSE) interest in Exall. In a separate agreement, Exall has arranged a private placement of shares …
Vancouver-based Jordex Resources (VSE) says its subsidiary Tiwanacu has been selected by Combiol to enter final negotiations concerning joint venture production from the Bolivar zinc-silver mine in Bo…
Just months after its revival on the Vancouver Stock Exchange, Toronto-based Canadian Overseas Exploration (VSE) has recovered 2,293 diamonds weighing a total of 1,096 carats from its joint venture op…
A 2-day conference focusing on major markets for industrial minerals, Industrial Minerals ’92, is scheduled to take place Oct. 20-21 at Toronto’s King Edward Hotel. Markets and products to be covered …
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