U.S. coal-miner Nerco moves solidly into gold
Choosing between tenure at the University of Alaska or forming his own exploration company, Lawrence Heiner opted out of academia in 1970 and created Resource Associates of Alaska. He hasn’t looked ba…
News
New Freewest claims
Twenty-five claims in Benoit Twp. in northwestern Quebec have been acquired from Louis-Paul Dionne, Freewest Resources (ME) reports. The company also says it has entered into an option agreement with …
Exploration the only answer to dwindling reserves
From a speech by Norman B. Keevil, Jr., president and chief executive officer of Teck Corporation, at the 1988 Mineral Outlook Conference in Ottawa. The biggest challenge facing Canada’s mining indust…
Alberta Stock Exchange Tusk to produce gold
In a week when lack of rainfall may have put a damper on the speculative activities of Alberta investors, the Tusk Minerals issue was one of a small group which managed to post gains in their share pr…
Metals Snips
News out of Australia has the Labor government saying it will introduce a tax on gold-mining profits in 1991. Producers of the yellow metal there haven’t paid any taxes since 1925. Australia turned ou…
Inco, Queenston in joint venture at Upper Canada
Inco Ltd. (TSE) subsidiary Inco Gold has agreed to become a 50% joint venture partner with Queenston Gold Mines (TSE) at the Upper Canada mine property near Kirkland Lake, Ont. Under the agreement, In…
Letters to the Editor Confused about amalgamation
Will someone please explain what is going on, to an ignorant, uneducated holder of many Canadian mining stocks? First, an article in The Northern Miner (April 11/88), stating that a huge new corporati…
Central Crude play paying off for Noranda
If Richard Nemis was a little overexuberant in his analysis of Central Crude Ltd.’s (VSE) achievements in the Mishibishu, Ont., gold camp, no one at the company’s annual meeting could really have blam…
Editorial True picture of a mining town
The image presented of mining, particularly on that most powerful of all mediums, television, is all too frequently a negative one, focusing often enough on hard issues such as accident rates, environ…
Hudson Bay’s Ruttan mine on hold as strike called
Operations at Hudson Bay Mining and Smelting’s (TSE) Ruttan copper mine at Leaf Rapids, Man., are at a standstill after 330 employees called a strike at midnight, May 31. In the latest setback for the…
Toronto Stock Exchange Resource issues lead strong advance
Like a breath of fresh air on a humid Toronto afternoon, a 3-day rally which has added more than 100 pts to the composite index couldn’t have come at a better time. With the market testing post-crash …
Free trade, a hot topic at Mineral Outlook ’88
Although most tariff barriers between Canada’s mineral producers and mineral buyers in the U.S. are already relatively low, the Mining Association of Canada (MAC) has come out strongly in favor of the…