Cominco exec freed in Peru
An employee of Cominco was among three Canadians held hostage, but subsequently released, by Peruvian rebels at the Japanese ambassador’s residence in Lima in late December.Kieran Metcalfe, 43, manger…
News
PEOPLE — CRYSTALLEX INT’L (December 30, 1996)
Robert Nihon, Robert Fung, Daniel Ross and Armando Zullo appointed directors; Luca Riccio appointed vice-president of exploration.
PEOPLE — DALMATIAN RES.
Lee Downs appointed director.
PEOPLE — FORMATION CAPITAL (December 30, 1996)
Lloyd Nilsen appointed director.
PEOPLE — NU-APEX (December 30, 1996)
John Fraser, Gary Schellenberg, Marshall Bertram and Joseph Tarnowski appointed directors.
Rayrock sells interest in Pinson
A minority interest in Pinson Mining, held collectively by Rayrock Yellowknife Resources (RAY-T) and three private partners, has been sold to remaining partners Homestake Mining (HM-N) and Barrick Gol…
PRODUCER PRICES (December 30, 1996)
ALUMINIUM: LME settlements US$1,489 per tonne, alloy $1,349 per tonne (Dec.17/96).ANTIMONY: Composite free market, US$2,075 per tonne (Dec. 16/96).BISMUTH: Composite free market US$3.20 per lb. (Dec. …
Teck advances Canabrava
At the Canabrava joint venture in Brazil’s Minas Gerais state, Teck (TEK-T) will continue with exploration drilling through 1997.The company holds an option to earn an initial 60% interest from Canabr…
EDITORIAL PAGE — A banner year
The takeover of Diamond Fields Resources by Inco, the acquisition of Arequipa Resources by Barrick Gold, the green light for diamond mining in Canada’s North, and the blossoming of the Busang gold dep…
Nelson Gold puts Jilau mine back on-stream
London-based Nelson Gold (NLG-T) has resumed operations at the Jilau open-pit mine in Tajikistan.The company recently made its first gold sale, exporting and selling 12,700 oz. of gold bullion from th…
Goldcorp finds more gold at Red Lake mine
New drill results from Goldcorp’s (G-T) Red Lake operation have confirmed that a mineralized zone being explored at the mine’s deep levels extends eastward and down-plunge.Two drill holes testing a st…
PEOPLE — CALLIOPE METALS (December 30, 1996)
Gavin Becker appointed president and chief executive officer.