EDITORIAL PAGE — A school for the future
About three years ago the future of Haileybury School of Mines was in doubt. With limited enrolment, bruised morale following a bitter strike and dwindling resources, it looked as if the institution w…
News
Great Lakes may lease mill
Great Lakes Minerals (TSE) is considering leasing an existing mill 23 miles from its 543-S copper deposit in order to be in production within a year. The deposit lies on the Keeweenaw Peninsula in Mic…
Gibraltar’s North zone yields values in wide intersections
An ongoing drilling program on the North zone of the Gibraltar mine near McCleese Lake, B.C., returned a number of wide copper intersections for owner Gibraltar Mines (TSE). The company originally enc…
Elliot Lake liability prompted Rio Algom sale, analysts say
When RTZ sold its 51.4% stake in Rio Algom (TSE), the British resource conglomerate said it was unloading the asset to avoid competition with other North American interests particularly Kennecott. But…
Correction (July 13, 1992)
A preliminary reserve estimate of 22-40 million tons grading 0.035 oz. per ton was incorrectly accredited to a property adjacent to MinVen Resources’ (TSE) Golden Reward mine in South Dakota in a rece…
Placer Dome sells control of VSM at discount price
Montreal-based junior VSM Exploration (TSE), which has a zinc exploration project near Matagami, Que., has a new controlling shareholder. Gold producer Cambior (TSE) has purchased a 43.6% interest in …
Orapo, Shannon seek Manitoba diamonds
The diamond fever infecting the Northwest Territories, Ontario and Saskatchewan appears to have spread to Manitoba with a recent announcement by Orapo Resources. Orapo, along with joint venture partne…
Noranda, Inco on top-10 list of mining firms
Canadian mining giants Noranda (TSE) and Inco (TSE) were among the top 10 mineral producers in the western world in 1990, according to Who Owns Who In Mining 1992, published recently by London-based R…
FINANCING (July 13, 1992)
International Brace Res Inc. – 900,000 units consisting of 1 sh and 2 wts offered @ 54 cents per unit..TDRT Res. Ltd. – 1,000,000 shs offered @ 16 cents per sh.Swannell Minerals Corp. – 2,250,000 shs …
LATIN AMERICA — Free-trade agreements in the works
Separate free-trade deals are in the works by Mexico with a pair of South American countries and five Central American nations. Mexico, Venezuela and Colombia hope to have an agreement signed by year-…
Tajikistan to double gold production
According to Georgi Koshlakov, chairman of Tajikistan’s State Economic Committee, national gold production in 1991 was closer to 72,500 oz., and is expected to double over the next few years. The auth…
ON THE LEVEL — High cost of native self-rule
Who’s kidding whom on the so-called inherent right to native self-rule. What does it mean? How would it work? What will it cost? And who will pay for it? It would simply be irresponsible to enshrine a…