Low metal prices squeezing Highland Valley mine
With reserves of 632.9 million tonnes averaging 0.414% copper and 0.0068% molybdenum yet to be mined, the huge Highland Valley copper mine near this interior community has about 15 more years to look …
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NEWS ROUNDUP — Trev announces drill program
Drilling funded by Cameco (TSE) will test a high-grade gold discovery made by Trev (ASE) on its Cornice Mountain project near Stewart, B.C. The project is 15 km from Lac Minerals (TSE) Red Mountain go…
Initiative buys chemical business
CDN-listed Initiative Explorations has bought a 12% interest in Riba Corp., a Delaware-based chemical company. The price: US$200,000. Initiative plans to provide Riba, which is operating on a break-ev…
Int’l Curator teams with Coeur d’Alene
New York-listed Coeur d’Alene Mines stands to benefit from a combined share purchase and property agreement with International Curator (VSE). Coeur d’Alene will receive a 66.7% interest in the Jualin …
In the trough — Inco hammered by nickel price
Low nickel prices continue to take their toll on Inco (TSE), which reported losses of US$2.2 million (3 cents per share) for the second quarter and US$24.8 million (25 cents per share) for the six mon…
Noranda earnings take a tumble
The earnings of Noranda (TSE) tumbled during the second quarter to a net profit of $1 million for the three months but a per-share loss of 7 cents after preferred share dividends. For the same quarter…
NEWS ROUNDUP — Deak to reopen Kerr mine
Underground mining at the Kerr gold mine in Virginiatown, Ont., will be reactivated immediately, reports owner Deak Resources (TSE). Although mining has been suspended since February, ore has neverthe…
LETTERS TO THE EDITOR — Assessing the value of Dia Met’s
The discovery in the Northwest Territories of rich diamond-bearing kimberlite, including three deposits that hold abundant precious gem-quality stones in commercially exciting numbers, has led to the …
Critics force B.C. government to shelve environmental bill
The mining industry is applauding a decision by the British Columbia government to put its controversial environmental assessment act on hold pending further consultation. Strong concerns about the pr…
EDITORIAL PAGE — For the record
The Canadian diamond exploration play has attracted too much uninformed opinion of late. For the record, we will boldly go where only a few have gone before (i.e., out on the limb) and render the foll…
Eskay Creek contract awarded
An engineering contract for the Eskay Creek project has been awarded to Davy International, a member of the engineering division of Trafalgar House. Situated north of Stewart, B.C., the gold/silver/ba…
Teddy Bear Plan approved by court
Members of a 66-year-old syndicate will be reinstated as shareholders of Teddy Bear Valley Mines (CDN) following approval of the company’s Plan of Arrangement by the Ontario Court of Justice. The plan…