Fluor sells iron ore unit
International engineering and construction firm Fluor Corp. of Irvine, Calif., has sold its stake in the Pea Ridge Iron Ore Co. to Big River Minerals for nearly $12 million. Based in Sullivan, Miss., …
News
Production imminent at Goldpost’s Hislop
The Hislop East gold prospect in the Timmins-Matheson area of northern Ontario is inching closer to production as partners St Andrew Goldfields (TSE) and Goldpost Resources (TSE) forgo a final bulk sa…
U.S. REPORT Asarco building new SX-EW plant
At a capital cost of US$54 million, Asarco (NYSE) says it plans to build a new solvent extraction- electrowinning (SX-EW) plant at its Silver Bell mine in Arizona. The new facility, which should be co…
Output boosts Minnova profit
Added production from the Ansil and Samatosum polymetallic mines, which both entered commercial production last summer, resulted in a 10-fold profit increase for Minnova (TSE) in the first half of 199…
COATS (Over-the-counter) McNickel gains 5 cents
Shares of McNickel traded heavily for the week ended July 31, jumping 5 cents to close at 20 cents on a volume of 216,500. Rumour has it that the Muscocho group of companies, of which McNickel is a me…
Haileybury students receive cash awards
Recently a number of students at the Haileybury School of Mines were awarded scholarships for general proficiency or outstanding academic performance. Among the winners were Darwin Fiske (Saskatchewan…
Gold Bar shareholder suing Leliever over gold bet deal
A Gold Bar Resources (COATS) shareholder, who says he owns a 51% interest in the company, has initiated legal proceedings to prevent Gold Bar from selling part of its interest in a Gogama, Ont., gold …
U.S. REPORT Arimetco sees bright future in low-cost SX-EW
Newly listed Arimetco International (TSE) has some ambitious plans to develop low-cost copper mines in North America which make use of acid leaching followed by solvent extraction and electrowinning, …
Euro-Nevada wants royalties in return for Stikine block
Euro-Nevada Mining (TSE) admitted recently that it owns a small block of Stikine Resources (TSE) shares that could play a pivotal role in the struggle between Placer Dome (TSE) and Corona (TSE) for co…
Correction (August 06, 1990)
A recent headline (T.N.M., July 23/90) on the editorial page, relating to an excerpt from a newsletter by M. Murenbeeld & Associates on the price of gold, should have read “Gold’s 12-year low.” Elsewh…
U.S. REPORT Bunker Hill earnings improve
Fortunes changed during the first half of 1990 for Bunker Hill Mining (TSE) as earnings rebounded to US$1.36 million versus a loss of US$958,000 in the first six months of 1989. Jack Kendrick, preside…
Brochure draws attention
The front of a brochure that the Prospectors and Developers Association of Canada (PDAC) recently had printed was designed to alert politicians to the danger currently faced by Canada’s mining industr…