Acadia moving office to U.S.
The depressed state of the mineral exploration business in Canada is pushing Acadia Mineral Ventures (TSE) south of the border. The junior, owned 55.5% by Hecla Mining Co. of Canada, says it has decid…
News
GOLD FUNDS (December 21, 1992)
Gold Funds as of Dec. 15 BGR Central Net Value $7.95 $5.10 Price $6.25 $4.55 Discount 21.41% 10.8% Value $45,514,000 $76,550,565…
Princeton plans Mexican acquisition
A proposed merger with Chutine Resources (VSE) in concert with an agreement with Mexican interests is expected to give Princeton Mining (TSE) a 100% interest in a private Mexican company. The private …
Tri Origin extends Lewis Ponds zone
Toronto-based Tri Origin Exploration (TSE) has intersected a 23-metre interval of massive and disseminated sulphides on its Lewis Ponds project in Australia. Hole TLPD-6, designed to test the depth po…
LATIN AMERICA — Venezuela attracts gold explorers
Despite two failed coup attempts in recent months, Venezuela is continuing to attract attention from mining companies keenly interested in the South American country’s undeveloped mineral potential. T…
New mineral agreement for Quebec
A newly negotiated Canada-Quebec Agreement on Mineral Development will pump $100 million into Quebec’s mining industry during the next five years. Ottawa and Quebec will each put up half of that total…
Anglo American, Jordex talking
Talks took place recently between Jordex Resources (TSE) and Anglo American of South Africa regarding the latter’s offer to acquire a majority interest and control of the Loma de Hierro nickel laterit…
Minorco purchase
A 49% interest in the large copper-uranium Olympic Dam mine in Australia has been sold, pending regulatory approval, to Minorco of South Africa for US$456 million by British Petroleum Co. The other 51…
NEWS ROUNDUP — Madeleine cancels consolidation plan
A letter of intent allowing Madeleine Mines (TSE) to acquire the remaining 50% interest in the Lac des Iles palladium-platinum project from the Sheridan Platinum Group has been terminated. The Sherida…
LETTERS TO THE EDITOR — Preparing `whiz kids’ with salable
Your editorial “Blue-collar whiz kids” (T.N.M., Nov. 30/92) is timely and accurate. Dropouts aside, there are young graduates from high school without any salable skills. Some government-funded traini…
Mining the benefits of computer technology
Are computers making a positive contribution in mining companies or are they viewed as a necessary cost of doing business? When we read business articles on computing, we see the same companies brough…
Lac’s Irish deal on hold because of legal dispute
A legal dispute has suspended Lac Minerals’ (TSE) plans to purchase a holding company that owns Chevron’s mineral interests in Ireland. The property portfolio includes a 52.5% interest in the Lisheen …