EDITORIAL PAGE Matachewan under the microscope
The case of Matachewan Consolidated Mines is one that the mining industry in Ontario is going to be watching closely. How far the government goes in applying the Environmental Protection Act to Matach…
News
Newmont options Montana gold bet
A recent joint- venture agreement executed by a U.S. subsidiary of Mountain West Resources (VSE) will provide funds for continuing exploration of the Elkhorn gold project about 20 miles south of Helen…
NEWS IN BRIEF Kewagama Gold Mines
Kewagama Gold Mines (Quebec) (ME) recently concluded a financing agreement (subject to regulatory approval) whereby a private investor will fund $150,000 worth of exploration work in return for 500,00…
Irish organize PDAC get-together
Calling all Irish geologists and mining engineers! Mary-Claire Ward is looking for Irish exiles who would be interested in getting together with visiting members of the Geological Survey of Ireland at…
Newfoundland doubles tax on claims
Newfoundland has doubled its tax on mineral holdings to encourage exploration on land not being worked. Beginning this month, the province is charging groundholders an impost of $6 per hectare, up fro…
Financing near for Castle Mt.
Financing for the construction of the Castle Mountain heap leach gold mine in San Bernardino Cty., Calif., is near at hand for Viceroy Resources (TSE). The company secured a credit facility with N.M. …
Montreal Exchange TVX given boost
Trading during the first days of the new year was off to an inauspicious start, with the general market portfolio index slipping by more than 21 points for the week ended Jan. 8. The mining and minera…
Canadian Mining Hall of Fame – Inductee RANDOLPHE WILLIAM DIAMOND,
During the years 1917-1920, Randolphe William Diamond developed a new process for ore separation known as differential froth flotation that unlocked the treasures of the Sullivan zinc-lead-iron sulphi…
Canadian Mining Hall of Fame – Inductee JOHN E. HAMMELL, 1876-1958
It was John E. Hammell’s ambition to “crack open the north,” and he did that through his pioneering use of aircraft. Hammell’s perseverance led to the eventual development of the Flin Flon operations …
COATS (over-the-counter) OSC sheds COATS
The market is in such bad shape that it doesn’t matter who’s running it, remarked one over-the- counter broker when asked to comment on the TSE’s recent decision to take over COATS. It remains to be s…
Canadian Mining Hall of Fame – Inductee JOHN C. MacISAAC, 1906-1991
Minefinders get the glory, but the minebuilders get the ore. For 65 years, while others discovered and financed the deposits, John C. MacIsaac applied his energies to breaking the first rock, sinking …
Valuation methods to be outlined at CIM symposium
Valuation of mineral deposits and companies will be the subject of the Canadian Insitute of Mining, Metallurgy and Petroleum’s sixth mineral economics symposium Jan. 17 at Toronto’s Sheraton Centre. S…