Editorial The smog of summer
Despite the fact that Canada imposed strict controls on acid- rain-causing emissions from smelters and coal-burning utilities in 1984, our friends south of the border have steadfastly refused to follo…
News
Gunnar, Mill City earning option in Tyranite mine
A joint-venture agreement has been entered into by Gunnar Gold and Mill City Gold with Tyranex Gold on the Tyranite Mines’ gold property in Tyrrell and Knight Twps. in the Matachewan area of northern …
Vancouver Stock Exchange Trading active on west coast
Resource issues, benefiting from gold prices pushed higher by fears of inflation and the uncertainty of events in the Persian Gulf, continue to fuel active trading on the Vancouver market. MacMillan E…
Forbex, Brex in option deal
An agreement has been entered into between Forbex Mining Resources and Brex Exploration whereby the latter may acquire up to a 50% interest in the Lake Fortune West property in Dasserat Twp. in northw…
About-face into the black is achieved by Pine Point
Pine Point Mines, which lost $9.8 million in the first half last year, has completely reversed its fortunes in the similar period this year, with reported net earnings of $10.8 million. The profit thi…
Thyssen wins Vista contract
Regina-based Thyssen Mining Construction of Canada has been awarded a contract to commence the Phase II decline development on Vista Mines’ Rio project. A total of four Canadian companies submitted bi…
Older steel regions make way for new
Out of 24 world regions, 11 will be in the declining stage of the steel demand life cycle, four will have reached maturity, eight will be in a growth period and only one will be in the introduction ph…
Mineral Res. completes issue
Mineral Resources International has completed the issue of $24,450,000 of 6.75% convertible subordinated debentures by way of private placement through Sprott Securities. The debentures have a 10-year…
New gold zone at McWatters bet
A new gold zone, known as the J zone, has been discovered 1,200 ft northwest of the old shaft on the McWatters gold project near Rouyn, Que., John McAdam, president of McAdam Resources, reports. Visib…
United Minerals options ground adjoining La Fosse
Canadian United Minerals has optioned 75 sq km of ground adjoining the La Fosse Platinum concessions in the Labrador Trough of Quebec. The trough is a 160-mile-long belt of favorable ultramafic rocks …
Higher prices for metals brighten Cominco quarter
Selling shares in a subsidiary boosted Cominco Ltd.’s consolidated earnings for the six months ended June 30 to $19.5 million. An extraordinary gain of $17 million was realized from the sale of shares…
Letters to the Editor Setting the record straight
I would like to respond to comments contained in a letter from Henrik Thalenhorst of the Prospectors and Developers Association which you published July 6. As Energy, Mines and Resources Canada takes …