A Delaware court has granted Missouri oil refiner Clark Oil & Refining the right to proceed with a US$100-million initial public offering of common shares, despite opposition from minority shareholder…
In a bid to pave the way for financing of the Louvicourt Twp. copper-zinc deposit, Toronto-based Noranda (TSE) is spinning out a new company to shareholders of 52% owned Societe Miniere Louvem (TSE). …
A joint venture involving Santa Fe Pacific Minerals, Gold Standard (PSE) and Big Pony Gold (NASDAQ) will explore for gold in Uruguay. Gold Standard and its 50% owned subsidiary Big Pony, both based in…
Difficulties in raising risk capital have prompted Skyline Gold (TSE) to defer further exploration on its claims in the Iskut River gold camp of northwestern British Columbia. The company also announc…
In the article “Wharf deal frees up Golden Reward reserves” (T.N.M., June 22/92), Martin Quick was reported as saying that securing mine permits for the combined deposit should not pose a problem. Alt…
When RTZ sold its 51.4% stake in Rio Algom (TSE), the British resource conglomerate said it was unloading the asset to avoid competition with other North American interests particularly Kennecott. But…
When Rio Algom’s directors meet later this month, the entire spectrum of corporate philosophy will be up for discussion. It will be the first board meeting in 36 years without representation from “Mot…
Active trading in receipts issued by Gordon Capital kept Rio Algom among the volume leaders on The Toronto Stock Exchange during the week ended July 7, despite concern over potential cleanup liabiliti…
An ongoing drilling program on the North zone of the Gibraltar mine near McCleese Lake, B.C., returned a number of wide copper intersections for owner Gibraltar Mines (TSE). The company originally enc…
Great Lakes Minerals (TSE) is considering leasing an existing mill 23 miles from its 543-S copper deposit in order to be in production within a year. The deposit lies on the Keeweenaw Peninsula in Mic…
In the column “Geologists adapt to changing times” (T.N.M., June 15/92), Patrick Whiteway highlighted some of the difficulties The Geological Association of Canada (GAC) currently faces. The column co…
Financing for the purchase of the Cassiar asbestos mine in northern British Columbia is proving elusive for Black Swan Gold Mines (TSE). Black Swan had reached an agreement with Arthur Andersen, the m…
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