Moscow bank appoints Newbury
The Russian Project Finance Bank, which serves as a link between Russian companies seeking investment and Western companies wishing to provide the same, has appointed Michael Newbury as executive dire…
News
Government approval for Mt. Milligan project
A mine development certificate has been awarded to Placer Dome (TSE) for its Mt. Milligan copper-gold project near Fort St. James, B.C. The certificate was awarded after a provincial and federal techn…
EDITORIAL PAGE — A balancing act
Nova Scotia’s mining industry has suffered a series of debilitating blows in the past few years. In terms of human tragedy, the absolute bottom came with the explosion at the Westray coal mine which k…
LAST BUT NOT LEAST — Royal Oak completes placement
A private placement agreement between Royal Oak Mines (TSE) and Asia Minerals (VSE) is complete. Royal Oak bought 5.6 million shares of the company for $2 million and can buy an additional 5.6 million…
MacGregor at CIM luncheon
The impact of Latin American mining on Canada will be the subject of an address by Sir Ian MacGregor at the Dec. 16 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and P…
NEWS ROUNDUP — Gold at Slaven Canyon
Several gold intersections are reported from the Slaven Canyon property on Nevada’s Battle Mountain trend. Thirteen shallow holes were drilled to test a strong geochemical anomaly, and 11 of these int…
NEWS ROUNDUP — Gravity separation tested at Tiomin
Pilot plant gravity separation tests have now been completed on the bulk sample collected from the Natashquan heavy mineral sands deposit on Quebec’s north shore. Results of the tests, carried out at …
NEWS ROUNDUP — William explores gold, diamond bet
Junior William Resources (ME) has signed a letter of intent to acquire most of the ORIS 9 placer gold and diamond property in southeastern Venezuela. The concession is on the Oris River, in Bolivar st…
Nine new Mining Hall of Fame inductees
Nine new members will be inducted into the Canadian Mining Hall of Fame at a Jan. 10, 1994, dinner ceremony at Toronto. The nine were chosen from a list of 19 nominees announced previously by the Mini…
LATIN AMERICA ROUNDUP — Canarc, Magna work Guarimba
Auger sampling has begun at the Guarimba property in the Kilometre 88 region of southeastern Venezuela. By paying US$3 million cash, Canarc Resources (VSE) can buy the Venezuelan company which owns th…
THE DIAMOND PAGE — Speculation mounts that some Lac de Gras
The rumor machine is in overdrive as speculation mounts that some type of merger may be in the works between junior companies involved with Kennecott in the Lac de Gras region of the Northwest Territo…
TSE SHORT POSITIONS (December 13, 1993)
Semi-monthly reports as of Nov 15, showed 78,877,144 shares of 800 issues compared with 76,562,043 shares of 792 issues on Oct 31. Larger individual positions included: Aber 123,100; Agnico-Eagle 214,…