General Mining buys Cheni stake
Mining giant General Mining, Metals and Minerals recently agreed to purchase 3.2 million shares of Cheni Gold Mines (TSE) held by BRGM (Bureau de Recherches Geologiques et Minieres) of France. The pur…
News
NEWS ROUNDUP — Placer gets $37,000 Hydro rebate
Ontario Hydro recently presented Donald Brisbois, manager of Placer Dome’s (TSE) Dona Lake mine, an incentive cheque for over $37,000. Under a Savings by Design Program offered by Hydro, the Dona Lake…
NEWS ROUNDUP — Alberta find may host minable deposit
After seven years of exploration in northeastern Alberta, a private Edmonton-based company, HMS Properties, says it has outlined a large deposit of metallic minerals in a Devonian limestone formation….
NEWS ROUNDUP — Soquem options Gaspe prospect
An option agreement covering 41 claims in Quebec’s Gaspe Peninsula, about 40 km northwest of Murdochville, has been signed by Soquem with three prospectors. Soquem, the mining exploration arm of the Q…
NEWS ROUNDUP — Teck plans to drill Stratabound claims
Trenching and drilling are expected to get under way on the CNE/Captain group of properties in New Brunswick by year-end, reports property holder Stratabound Minerals (ASE). Teck (TSE) has completed a…
LETTERS TO THE EDITOR — Sharing Senate seats
Forestry, mining and tourism are being handed from one government to another. The status quo of Northern Ontario resource-based communities may be eroded through the constitutional negotiations in nat…
NEWS ROUNDUP — Cominco delays increase in nickel output
A production increase planned for later this year was delayed by the owners of the Glenbrook nickel smelter because of current nickel market conditions. The smelter, near Riddle, Ore., is owned 50% ea…
Diamond cartel relies on deep pockets
As more and more Canadian companies join the rush for diamonds, the market for their discoveries is looking increasingly vulnerable. A recent flood of gem-quality diamonds from Angola, where an estima…
Alaska minerals
This year’s convention of the Alaska Miners Association, Nov. 2-6, will highlight the state’s porphyry gold and the mineral potential of public lands. More than 50 exhibitors will display their goods …
Inco to cut staff
Mining giant Inco (TSE) will cut its payroll by at least 500 employees through attrition over the next two years, but the company says there will no layoffs from its 9,700-strong primary metals workfo…
Exploration spending drop puts Canada behind U.S., Australia
Canada’s rank in terms of exploration for non-ferrous metals has dropped from first to third over the past year, according to a recent study by the Halifax-based Metal Economics Group. Expenditures on…
Cominco, Teck fund Gerle to join N.W.T. diamond play
The Lac de Gras diamond play, which has so far been dominated by international majors, recently welcomed two of Canada’s leading mining companies. Affiliates Cominco (TSE) and Teck (TSE) have agreed t…