A cease-trading order against Curragh (TSE) has been extended indefinitely.
The order, dated Dec. 22, 1993, was extended after Curragh failed to appear before an Ontario Securities Commission hearing in early January. Last fall, the company’s Faro and Sa Dena Hes lead-zinc operations in the Yukon, along with its Westray coal mine in Nova Scotia, were put in receivership.
In other news, the Nova Scotia government has withdrawn Curragh’s mining leases for the Stellarton strip mine and nearby Westray, where 26 miners were killed in an explosion in May, 1992. The leases were revoked because of failure to pay rent on the strip mine and non-production at the underground mine.
The province now becomes responsible for recovering 11 bodies still trapped underground at Westray.
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