Comaplex settles with Swiss bank
After a 4-year hiatus, shares of Comaplex Resources (TSE) are expected to resume trading following a settlement agreement between the Calgary-based company, its major shareholder, and staff of the Ont…
News
Gold sales hurting price, says Cambior president
Gold prices have dropped partly because of dumping on the world market, including by the owners of the fraud-riddled Bank of Credit and Commerce International, says Cambior (TSE) President Louis Gigna…
EDITORIAL PAGE (May 18, 1992)
Since the May 9 Westray mine disaster at Plymouth, N.S., rocked the nation, there has been no shortage of critics to say the mine should never have been opened. Everyone is suddenly an expert who beli…
GUEST COLUMN (May 18, 1992)
In your guest column “Geostatistics or voodoo science?” (T.N.M., April 20/92), Jan Merks advocates the new “grade-squared partition technique” as a more precise and realistic approach to reserve estim…
George Miller new chairman for Hall of Fame
The Canadian Mining Hall of Fame has a new chairman. George Miller, president of the Mining Association of Canada, replaces Maurice Brown, who has chaired the Hall’s board of directors since the Hall’…
FINANCING (May 18, 1992)
Ventex Resources Corp – 1,500,000 shs offered @ 10 cents per sh. Arlo Resources Ltd – 700,000 shs offered @ 51 cents per sh. Loumic Resources Ltd – 400,000 unit consisting of 1 sh and 2 wt @ $1.11 per…
Long round concept benefits productivity, Dynatec Mining
During the sinking of the Craig shaft at Sudbury, Ont., Dynatec Mining says it developed the ability to drill and blast extremely long rounds. The concept was based on the use of a single large diamet…
LETTERS TO THE EDITOR (May 18, 1992)
The article “Canada has dismal record for return on gold” (T.N.M., March. 30/92) by Virginia Heffernan caused me to shake a negative head and pick up pen. Although I was weaned (1934-36) as a sampler …
NEWS ROUNDUP (May 18, 1992)
Ontario Hydro has failed to make two payments worth about $3.2 million each for the delivery of shipments of uranium, Denison Mines (TSE) says. The mining company says Hydro has instead forwarded the …
People (May 18, 1992)
Jordan Ethans appointed director.
Political fallout already felt in aftermath of mine tragedy
Political fallout is already evident in Halifax and Ottawa following an explosion in the Westray coal mine at Plymouth, N.S., that killed 15 miners instantly and left another 11 missing. A methane gas…
BP Canada up for sale
The control position of BP Canada (TSE) is being sold by oil and gas parent British Petroleum. BP will sell its 56.9% interest in BP Canada for $374 million. Brokerage house RBC Dominion Securities is…