Westray hearing gets under way
An inquiry into the deadly explosion at the Westray coal mine opened June 29 with accusations from a union lawyer that the company and provincial government routinely ignored safety to boost productio…
News
GOLD FUNDS (July 06, 1992)
BGR Central Net Value $8.14 $5.07 Price $6.50 $4.60 Discount 20.15% 9.30% Value $48,468,000 $77,391,780…
Major General invests in Swannell
The recent purchase of 248,500 shares of Swannell Minerals (VSE) by Major General Resources (VSE) gives Major General a 12.07% interest in Swannell’s issued and outstanding shares. Major General Presi…
LETTERS TO THE EDITOR — Saskatchewan’s enviable record
The article “Enviable Ontario safety record” (T.N.M., June 22/92) raises some important points regarding joint responsibility between labor and management to upgrade mining health and safety. Without …
TORONTO STOCK EXCHANGE INDICES (July 06, 1992)
June 29 June 26 June 25 June 24 High Low Composite”300″3375.82 3351.33 3338.55 3339.64 4009.47 3009.91 Metals&Minerals 3126.91 3076.31 3084.89 3101.83 3453.06 2502.63 Integrated Mines3339.93 3277.34 3…
PRODUCER PRICES (July 06, 1992)
ALUMINUM: MW U.S. market US58.25-59.00 cents per lb. (June 18, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (June 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…
Aspirations of the North
The Lac de Gras staking rush has quickened a largely unpopulated and undeveloped area to life after Dia Met Minerals and BHP-Utah Mines announced that the 160-ton sample from their find contains gem-q…
Drop of gold price a South African tragedy
Recession has hit South Africa’s mining industry hard, forcing down the price of gold, the closure of mines and the laying off of about 100,000 miners since retrenchment began in September, 1990. “The…
INSIDER TRADING — Alston exercises Rhonda options
Jan Alston, secretary-treasurer of Saskatchewan diamond explorer Rhonda Mining (ASE), stands to make a substantial profit after exercising options at a considerable discount to the recent market price…
Loki asks Hemlo to prepare Brewery Creek feasibility
Having earned a 49% interest in the Brewery Creek project near Dawson, Yukon, Loki Gold (VSE) is requesting the operator Hemlo Gold Mines (TSE) to present a program contemplating the preparation of a …
New Canamin drops Poplar
Having completed a limited amount of drilling on the Poplar property near Houston, B.C., New Canamin Resources (VSE) has decided to drop its option and concentrate on its Huckleberry property 25 miles…
NEWS ROUNDUP — RTZ completes Rio Algom offering
British mining conglomerate Rio Tinto Zinc, through subsidiary RTZ Canada, recently completed a secondary offering of 22.5 million common shares of Toronto-based Rio Algom (TSE), priced at $16.10 per …