Others’ Words (August 03, 1992)
The name of the community of Copper Cliff in northern Ontario is allegedly derived from the expression “cliffs of copper,” with which Rinaldo McConnell described the mineral-rich area to Samuel J. Rit…
News
GUEST COLUMN — A `field of dreams’ parable
Timmins, Ont., was born of the discovery of riches. In 1909, a group of prospectors discovered the fabulous Dome “Golden Stairway” which gave rise to the Dome Mines family of producers. Soon after, pr…
Echo Bay offering
Net proceeds from the sale of 5.75 million convertible preferred shares amounted to US$136.3 million, Echo Bay Mines (TSE) reports. The proceeds are earmarked for debt repayment and general corporate …
No safety concerns noted in bank’s Westray review
A review by the Bank of Nova Scotia of the then yet-to-be-built Westray coal project identified a number of financial risks associated with the mining project but apparently no safety concerns. A meth…
OSC hearing
The Ontario Securities Commission has scheduled a hearing Aug. 25 in Toronto related to certain business activities of Patrick Sheridan. To be dealt with by the hearing are allegations that Sheridan c…
Glencairn, Kinbauri revise agreement
Under a revised agreement between Glencairn Explorations (TSE) and Kinbauri Gold (ASE), Glencairn can earn a 100% interest in the Alfie Creek kimberlite property near Kirkland Lake, Ont., by spending …
Geddes offering
Hoping to raise up to $2 million through a rights offering is Geddes Resources (TSE). Shareholders of record on Aug. 6 may purchase an additional common share at 55 cents per share for each eight shar…
Black Hawk enters option deal
Black Hawk Mining (TSE) is moving to boost its nickel reserves by earning 50% of All-North Resources’ (VSE) interests in a group of four properties in the Kluane area of southwest Yukon. Toronto-based…
Placer Dome stays litigation, files separate Pipeline suit
A subsidiary of Placer Dome (TSE) voluntarily stayed a legal action it began in Reno, Nev., against Hanson Natural Resources, doing business as Gold Fields Mining of Denver. The dispute between the tw…
San Andreas hits high-grade zinc
Newly listed San Andreas Resources (VSE) has intersected high-grade lead-zinc values over significant widths at its Prairie Creek mine property about 300 miles west of Yellowknife, N.W.T. Testing dept…
PROFILE — Dynatec’s Dengler debunks industry-defaming myths
Copper is the “metal of the 1990s,” says Robert Dengler, chairman and chief executive officer of Dynatec International. Today the average single-family home in North America requires 422 lb. copper, c…
Westar directors tender resignations
Six members of the 9-person board of directors of Westar Mining (TSE) of Vancouver resigned recently. The coal miner says the resignations were prompted by exposure to potential personal liability whi…