NEWS IN BRIEF (July 13, 1992)
Danstar Resources Ltd. (DST:VSE) has changed its name to Star Dance Resources Ltd. (SDL:VSE) with a consolidation of capital on a 1-new-for-4. 4-old-share basis.
News
Onitap negotiates reverse takeover with Red Oak
An agreement-in-principle has been reached for a reverse takeover of Onitap Resources (TSE) by private company Red Oak Resources of Calgary, Onitap reports. Onitap plans, subject to shareholder and re…
LATIN AMERICA — Even optioning property in Chile
An option agreement to acquire, subject to regulatory approval, a 100% interest in the Inca de Oro project in Chile, in the province of Chanaral, has been acquired by Even Resources (VSE). The gold pr…
Rayrock reducing Discovery interest
The interest of gold producer Rayrock Yellowknife Resources (TSE) in oil and gas producer Discovery West Corp. will be reduced to 39.6% (on an undiluted basis) from 47% following completion of an offe…
INSIDER TRADING — Cambior president active in market
Louis Gignac, president of gold miner Cambior (TSE), recently moved into the market to increase his share holdings. According to the Ontario Securities Commission’s OSC Bulletin, Gignac bought 3,000 s…
EDITORIAL PAGE — A school for the future
About three years ago the future of Haileybury School of Mines was in doubt. With limited enrolment, bruised morale following a bitter strike and dwindling resources, it looked as if the institution w…
Deals establish Kennecott at Lac de Gras
The Canadian arm of Utah-based Kennecott is emerging as one of the biggest players in the Lac de Gras area of the Northwest Territories as the major agrees to shell out millions to get its foot in the…
METAL PRICES — FREE MARKET (July 13, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 7 July 6 July 3 July 2 July 1…
Little for mining in Senate deal
A recent deal on Senate reform negotiated by nine provincial premiers would have little effect on mining if it is ratified later this month, say industry representatives. The new Senate, made up of an…
ON THE LEVEL — High cost of native self-rule
Who’s kidding whom on the so-called inherent right to native self-rule. What does it mean? How would it work? What will it cost? And who will pay for it? It would simply be irresponsible to enshrine a…
Tajikistan to double gold production
According to Georgi Koshlakov, chairman of Tajikistan’s State Economic Committee, national gold production in 1991 was closer to 72,500 oz., and is expected to double over the next few years. The auth…
LATIN AMERICA — Free-trade agreements in the works
Separate free-trade deals are in the works by Mexico with a pair of South American countries and five Central American nations. Mexico, Venezuela and Colombia hope to have an agreement signed by year-…