Wye Resources shuffles board
The board of directors of Wye Resources (COATS) have accepted the resignation of Martin Oosterveld as the company’s president and James Myslicki as vice-president. Elected as Wye’s new president is Da…
News
Kidd Creek back to running order after Jan 5 fire
Operations at the Kidd Creek metallurgical complex in Timmins are in high gear once again, following a fire Jan. 5 at the company’s concentrate loadout building. The fire destroyed three discharge bel…
Dundee-Palliser raises $ 1/2 m for Murgor, Grevet programs
Busy Dundee-Palliser Resources (TSE) recently entered into a couple of financing agreements designed to raise $571,300 for exploration on two northwestern Quebec projects. They include the Grevet/Moun…
Westar Mining restructures debt
Perhaps the mysterious trading activity on the preferred shares of Westar Mining (TSE) can be explained by the company’s recent announcement of a debt restructuring. The restructuring does not, howeve…
Strong trading activity by ME during 1989
The value of shares traded on the Montreal Exchange during 1989 increased by 33.8%, a better performance than the 24.5% turned in by the combined Canadian market. The exchange reports the dollar value…
Iron carbide producer
Territorial rights encompassing 15 states in the U.S. have been granted to American Iron Carbide, a wholly owned subsidiary of Millers Cove Resources (ASE), for the production of iron carbide. Holder …
Queries Lake Ontario dredging sill on the books
Your paper has printed several articles about Platinova Resources’ activity in Greenland. Last March you also noted the association of Platinova with Deni son Mines regarding a project to dredge fin…
People (January 22, 1990)
CALPINE RESOURCES — Murray Pezim, John Ivany and Lawrence Page re-elected to the board of directors and Jacob Brouwer appointed to the board of directors.
Metals Page Nickel price down but still well supported
Although the price of nickel has fallen below US$4 per lb on the London Metal Exchange, the sound of alarm bells has been faint. Few analysts, if any, foresee the base metal rallying to sustained high…
Accord with Yemen
Canada has recently signed a 5-year agreement with the Yemen Arab Republic, which provides for co-operation between the two governments in the earth sciences and mining. The agreement will also create…
Franco-Nevada board votes to adopt poison pill plan
Toronto-based Franco-Nevada Mining (TSE) has joined the growing list of Canadian resource companies planning to adopt a poison pill mechanism to prevent it from becoming the victim of an unwanted take…
Western Mining listed on NYSE
Australia-based resource giant Western Mining Corp. Holdings (NYSE) was listed for trading recently on the New York Stock Exchange. Ordinary shares of Western Mining are listed as American Depositary …