Bema looks for improved year
With President Clive Johnson likening his company’s past fiscal year to the recent misfortunes experienced by Britain’s royal family, Bema Gold (TSE) is looking ahead to better times. Faced with extre…
News
LAST BUT NOT LEAST — Amax suspends Hayden mill
Persistently low head grades at the Hayden Hill mine have prompted Amax Gold (NYSE) to suspend milling temporarily. The mine, near Susanville, Calif., started up in the third quarter of 1992 and has s…
Hunt for additional reserves continues at La Coipa mine
Partners Placer Dome (TSE) and TVX Gold (TSE) are planning to spend $1 million on exploration this year to delineate additional reserves at La Coipa mine in northern Chile. Exploration will focus on t…
Placer updating Zaldivar study
An updated feasibility study for development of Placer Dome’s (TSE) 50%-owned Zaldivar copper property is to be completed by early July. Situated in the Atacama desert of northern Chile, Zaldivar is e…
LAST BUT NOT LEAST — Faraday redemption date
Toronto-listed Faraday Resources reports that its $1.20 cumulative, redeemable, retractable, convertible, first-preference shares, Series A, can be redeemed July 20. They are redeemable at $16.50 per …
LAST BUT NOT LEAST — Jarvis issues private placement
A private placement of 200,000 shares at $3 per share has been announced by Jarvis Resources (VSE). Regulators have yet to approve the placement, proceeds from which will be used for general purposes….
NEWS BRIEF (June 28, 1993)
Bruneau Mining Corp. (N.P.L.) Inc. (BRU:ME) has changed its name to Bruneau Minerals Inc. (BRM:ME) with a consolidation of capital on a 1-new-for-6-old-share basis. The transfer agent is Montreal Trus…
Mexican government focuses on environment
Until a couple of decades ago, terms such as “ecology,” “pollution,” “environmental protection” and “reforestation” were seldom heard in the Mexican mining industry. Today, they are not only heard eve…
SouthernEra’s Jennings bullish on Quebec’s Le Tac area
Ontario and Quebec * The Le Tac area of Quebec could become the next Lac de Gras, according to SouthernEra President Christopher Jennings who addressed shareholders at the annual meeting. “Quebec may …
Tax change affects diamond exploration
The minister of Energy, Mines and Resources Canada (EMR) and the finance minister are retroactively altering the income tax rules relating to diamond exploration. Effective Jan. 1, 1993, all diamond d…
LETTERS TO THE EDITOR — Cave-in research yields valuable
I have waited for a follow-up to the article “Cave-ins occur despite precautions” (T.N.M., Sept. 7/92), expecting some experienced mining engineer to lend a hand to those groping in the dark for the a…
SX-EW plant planned for Tuina
Partners International Mahogany (TSE) and North Lily Mining (NASDAQ) are working to finance installation of a solvent extraction-electrowinning plant at their Tuina open-pit heap-leach project near Ca…