U.S. REPORT Fogarty honored by AMC award

An executive whose impact on the mining industry in Canada was as great as it was in the U.S. was selected by the American Mining Congress (AMC) to receive its distinguished service award. The recipient is thelate Charles Fogarty, former chairman of Texasgulf. Fogarty, who died in an airplane crash in 1981, is the first posthumous recipient of the award which was established by the AMC in 1986.

Gino Giusti, who succeeded Fogarty as CEO of Texasgulf, said his close friend was a “finder and an explorationist.” In his plans to diversify Texasgulf, Fogarty rejected the idea of buying other companies, Giusti said.

Amon Texasgulf’ significan development i th Kid Cree base-metal mine at Timmins, Ont., now owned by Falconbridge. Giusti quoted a 1982 editorial in the Timmins Daily Press newspaper, which cited Fogarty’s determination to continue exploration there and his enlightened management style.