U.S. REPORT Bunker Hill ceases operations
After filing for protection under Chapter 11 of the U.S. bankruptcy code, Bunker Hill Mining (TSE) has ceased operations at its underground zinc-lead-silver mine near Kellogg, Idaho. The company laid …
News
EDITORIAL PAGE Major firms filling financing void
Major mining companies are quietly taking on a stronger presence in the Canadian mineral industry these days. While this might seem a novel state of affairs for junior companies that began life in the…
United Reef asked to clean up waste rock dumped 80 years ago
The Ontario Ministry of the Environment has asked United Reef Petroleums (TSE) to clean up a lake contaminated by mining waste rock over 80 years ago. Because United currently holds the lease on the l…
PROFILE Parduhn pioneers bacterial prospecting
In the late 1950s, the Soviets were the first to study the viability of using soil bacteria to locate ore. Since then others have followed suit. Nancy Parduhn, president of Cereus Exploration Technolo…
Goldbelt drilling two Glen Auden bets
Drilling started this month on two gold properties under option to Goldbelt Mines (VSE) from Glen Auden Resources (TSE) in northern Ontario. The first property, comprising 219 claims, is in Moody Twp….
Montreal Exchange Freewest sparks rush
Judging by the improved volumes, investors have decided the time is right to play a more active role. For the week ended Feb. 5, daily trading volumes ranged between 6.1 million and 7.8 million shares…
New plays featured at Cordilleran Roundup
Just under 2,000 delegates attended the 8th annual Cordilleran Geology and Exploration Roundup held recently in Vancouver, B.C., to hear news of the latest discoveries and exchange informationon finan…
Tougher times ahead for metals markets
It wasn’t the best of years in 1990 for metals prices, but it wasn’t the worst, either. After the heady times of the late 1980s, precious and base metals began feeling the effects of a softening econo…
INSIDE Gold trends
Trends covering gold’s basic supply and demand appear to be positive for the metal’s price in the longer term. The boom in the yellow metal in the 1980s, marked by increases in reserves and production…
INSIDE Noranda bets
Ever on the lookout for new discoveries, the mineral exploration division of Canadian resources giant Noranda has taken on more than 20 grassroots projects in the United States across the northern Mid…
INSIDE Manitoba miner
A significant Canadian producer of copper and zinc, Hudson Bay Mining and Smelting has added nickel to its metals inventory. The Manitoba miner, which also produces precious metals in byproduct form, …
Global economy subject to winds of change
The past 12 months will figure prominently in history books. The momentous changes that have swept through Europe will alter the political face of the world as much as Saddam Hussein’s brazen invasion…