NEWS ROUNDUP — Canarc alters merger plans
Following their failure to receive court approval for a 3-way merger with Rembrandt Gold Mines (ASE), Canarc Resource (VSE) and Suntac Minerals (VSE) plan to proceed with a 2-way merger. As in the pre…
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LETTERS TO THE EDITOR — `Classic overkill’ of junior
As a promoter of several junior mining companies in Ontario, I have invested my capital and have succeeded in financing exploration programs through Ontario prospectus offerings. The Ontario Securitie…
EDITORIAL PAGE — Time to move on
This, our political leaders would have us believe, is the best they can do. The Charlottetown Accord — successor to the failed Meech Lake Accord — is the latest attempt to “renew” the Canadian Const…
Inco cuts ribbon on $6-million addition to research facility
Inco’s (TSE) success with applied research shows the linkage between resource development and the development of high technology in Canada, said Ontario Premier Bob Rae during a ceremony to open a $6-…
Cheni hits high-grade at Lawyers
Drilling on the Lawyers property owned by Cheni Gold Mines (TSE) has intersected some spectacular high-grade gold and silver values on a newly discovered quartz-chalcedony vein. Results from a recentl…
PEOPLE — BRUSH CREEK MINING & DEVELOPMENT
James Anderson appointed to the Moscow-based International Foundation for Privatization and Foreign Investment. N5…
PEOPLE — FOOTWALL EXPLORATIONS (September 21, 1992)
Stan Wirth appointed president and director; Ernest Fowler and Andrew von Kursell appointed directors. N5…
PEOPLE — WESTERN PREMIUM RESOURCE
David Allen appointed president. N5…
Commodity index shows decline
The metals and minerals sub-index increased but the all-items commodity price index of Scotiabank dropped in July by 1.4%, the index’s second consecutive monthly decline. Higher base metal and gold pr…
European currency turmoil lifts gold mining issues
Gold emerged as a winner during the week ended Sept. 15, jumping US$4 to US$345.70 per oz. in New York as mayhem gripped European currency markets. Shaken by the volatility that followed a half-a-perc…
Notes on Guyana
— Guyana, situated on the northeastern shoulder of South America and that continent’s only English-speaking country, is in the throes of a general election. Voting day is Oct. 5. Elections in Guyana,…
GUEST COLUMN — Jake Epp should resign
The current situation with Canada’s federal mines minister Jake Epp and his Department of Energy, Mines and Resources (EMR) is so bad that the only solution is to demand the minister’s resignation. De…