Jordex rearranges private placement
A portion of Jordex Resources’ (VSE) previously announced private placement will not proceed. Instead, an aggregate of 500,000 common shares will be issued at 50 cents per share. The $250,000 raised w…
News
Negotiations at Giant begin again
The Canada Labour Relations Board has found that both Royal Oak Mines (TSE) and Local 4 of the Canadian Association of Smelter and Allied Workers (CASAW) bargained in bad faith during labor negotiatio…
Compromise may be coming over U.S. mining royalty plan
Reform of mining legislation in the U.S. reached a new stage recently when the House of Representatives voted in favor of imposing an 8% net smelter return (NSR) royalty on hardrock mining companies o…
LETTTERS TO THE EDITOR — U.S. mining law reform needs
In a recent article in Time magazine on mine reform legislation in the U.S., the industry south of the border (along with the Canadian contingent of companies) was portrayed in a negative light. The r…
Toronto Stock Exchange Incices
— Week — Nov 23 Nov 22 Nov 19 Nov 18 Nov 17 High Low Composite”300″ 4215.26 4200.17 4238.17 4234.74 4236.50 4248.41 4188.82 Metals&Minerals 3288.64 3277.35 3281.65 3241.32 3197.15 3304.12 3189.06 In…
EXPLORATION ’93 — Several influences reshaping international
Uranium and its uses have been controversial since the metal was first put to military use in the 1940s. Commercial use followed in the 1950s. Like gold, a lot of uranium has been mined over the years…
EXPLORATION ’93 — Red Lake prospector loves mining life
Charlie Peterson will soon celebrate his 80th birthday. And while the years may have slowed him down somewhat, nothing has impeded his determination to find another mine in the heart of Ontario’s Red …
EXPLORATION ’93 — Helicopter handles heavy loads
A Boeing 234 Chinook helicopter was used in September and early October to help mobilize heavy mining equipment and supplies to two sites in the Lac de Gras area of the Northwest Territories. The Chin…
EXPLORATION ’93 — New copper-production process
Backers of the revolutionary Hydromet copper-production process are planning to build an A$8-million demonstration plant at Port Kembla, Australia. The process reportedly has the potential to extract …
EXPLORATION ’93 — Awake exercises William warrants
A Luxembourg holding company, Awake S.A., will exercise 828,008 warrants of William Resources (ME), entitling Awake to buy one common share of William for 26 cents. Awake will increase its stake in Wi…
EXPLORATION ’93 — Alberta brine deposits host industrial
An industrial minerals industry based on substantial brine deposits is unfolding in Alberta. Under investigation are potential deposits scattered throughout the province, five of which have been ident…
EXPLORATION ’93 — Arequipa eyes Peruvian copper
As Ed Horne said three-quarters of a century ago, “all the good geology does not stop at the Ontario boundary.” Bearing in mind the injunction, Arequipa (VSE) is horning its way into Peru along the ex…