Friedland acquires Mt. Grant control
A control position in Mt. Grant Mines (VSE) was recently purchased by Robert Friedland, best known for his management of Galactic Resources during the buoyant 1980s. Friedland purchased more than 2.7 …
News
Timmins Nickel in mill deal
A short-term contract with Falconbridge for the delivery of nickel ore to Falconbridge’s mill and smelter in Sudbury, Ont., has been entered into by Timmins Nickel (TSE). Timmins Nickel, which mines n…
Cambior, Aurizon to restart Sleeping Giant in early ’93
The Sleeping Giant gold project in northwestern Quebec will be placed back into production next year by Cambior (TSE) and Aurizon Mines (TSE). The property, 50 miles north of Amos, was operated by Aur…
LETTERS TO THE EDITOR — MP’s pension jackpot shows plan
When Bloc Quebecois MP Jean Lapierre decided to retire from politics recently, he hit the MP pension jackpot. At the ripe old age of 36, Lapierre can retire in the happy knowledge that he will likely …
Minnova acquiring interest in RFC
An option to purchase more than 4.6 million shares of RFC Resource Finance (TSE) from Kerr Addison Mines (TSE) at 44.3 cents per share will be exercised by Minnova (TSE). The shareholdings represent a…
OTHER’S WORDS (August 24, 1992)
It is our belief that Canadian businesses are spending an insufficient amount of money on research and as a result, Canadian businesses lag behind competitors in other countries. Although high-tech in…
Pollution laws more stringent
Environmental laws are becoming more widespread and stringent and, in many cases, being framed according to perceived (and not necessarily scientifically proved) environmental risks and public health …
N.W.T. increase in exploration first in 4 years
Exploration spending in the Northwest Territories is expected to exceed $35 million in 1992, representing an increase of 27% over 1991 and the first increase in four years, predicts the N.W.T. Chamber…
Hemlo will fund Moss Lake work
Toronto-based Hemlo Gold Mines (TSE), in full charge of Central Crude (TSE), will finance further surface drilling this fall on the latter’s Moss Lake gold project in northwestern Ontario, its new pre…
Uranerz resumes drilling for Saskatchewan diamonds
Drilling is under way on the Fort a la Corne diamond property 40 miles east of Prince Albert, Sask., report partners Uranerz Exploration and Development and Cameco (TSE). The 1992 program will follow …
Chase raises $3 million for Taysan copper-gold project
With more than $3 million in the bank after a recently completed public unit offering, Chase Resource (VSE) can now concentrate on bringing its Taysan copper-gold project in the Philippines through to…
Eastern Stone
A 49.9% interest in granite producer Igneous Stone has been acquired by Eastern Stone Products (ASE). Igneous operates the Belmont granite quarry near Havelock, Ont. (in the province’s southeast). Als…