PEOPLE (June 22, 1992)
Norm Bonin appointed director and president.
News
Petrina hands in resignation, Placer Dome seeks new CEO
The board of Placer Dome (TSE) is seeking a new president and chief executive officer to replace Tony Petrina who recently announced he will resign in mid-September. A mining engineer, Petrina rose th…
Enviable Ontario safety record enviable injury rate
Ontario’s Mining Week, June 1-7, was overshadowed by the explosion at the Westray coal mine of Curragh Inc. in Nova Scotia that killed 26 miners a month earlier. The disaster focused attention on Onta…
Investors await diamond evaluation
Although BHP-Utah Mines (TSE) won’t say when it plans to release an evaluation of diamonds taken from the Point Lake kimberlite in the Northwest Territories, Dia Met Minerals (VSE) is expected to have…
Minnova evaluates RFC property
An underground drilling program at the Pend Oreille zinc-lead property in Washington state of RFC Resource Finance (TSE) should be completed in July, President David Watkins said at the annual meeting…
Flow-through revival proposed for mining exploration
Flow-through shares provided the best form of financial aid to Quebec’s mining industry in the past and the tax shelter should be fully re-instated, concludes a study by a Montreal geologist and lawye…
Canadian nickel producers look abroad to add capacity
Market developments involving nickel are causing mixed reactions. Cominco is preparing new facilities at its Glenbrook ferronickel plant in Oregon to receive nickel ore from New Caledonia and increase…
GUEST COLUMN (June 22, 1992)
The value of polymetallic deposits, for many purposes, is best measured by the Net Smelter Return (NSR) per tonne. NSR is the revenue from the sale of mineral products, minus off-site processing and d…
NEWS IN BRIEF (June 22, 1992)
Iron King Mines Inc. (IRK:VSE) has changed its name to Coriente Resources Inc. (CTQ:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Dessir investigation continues
An investigation into alleged salting of drill samples from the Gibbs property in Mariposa Cty., Calif., is continuing with the Federal Bureau of Investigation in Fresno now in charge of the case. Des…
LETTERS TO THE EDITOR (June 22, 1992)
As you can well imagine, the past month has been a tragic and hectic time for us. However, I wanted to drop you a note to say how much we appreciated the May issue of The Northern Miner Magazine featu…
Canchrome releases chromite assays
Two new mineralized zones were identified in the latest drilling program at the Reed-Belanger chromite property near Thetford Mines, Que., Canchrome Mines (ME) reports. The company recently released t…