Copper demand to grow 1.3%
The overall annual growth of copper demand until 1995 will be 1.3%, according to a recently released World Bank report, The World Copper Industry: Its Changing Structure and Future Prospects (1984-199…
Articles by Northern Miner Staff
Freeport plans ’87 production from Big Springs
The Big Springs gold project in northeastern Nevada has been deemed commercially viable by Freeport McMoRan Gold and production could begin this September. Bull Run Gold Mines has a 40% interest in th…
Canamax increasing interest in Kremzar
Canamax Resources plans to pay $9 million for the remaining 50% interest in the Kremzar gold property near Wawa, Ont. The Algoma Steel Corp., which holds the interest through its 93%-owned Kremzar Gol…
Sulphide content of zone identified
A silicified shear zone well mineralized with sulphides has been intersected over a core length of 60 ft in drill hole No 2 on St. Genevieve Resources’ Casa Berardi- Laberge gold property in northwest…
Canada Tungsten sells interest in Queenstake
Hurting from a dismal tungsten market, Canada Tungsten Mining has decided to sell its 32% interest in Queenstake Rsources. That equity position represents about 1.98 million shares and a market value …
Kiena plans stock split to broaden share market
Kiena Gold Mines, which almost doubled its profit in 1986, (to $6,959,000 from $3,778,000 in 1985), plans a stock split of its common shares, on a two-for-one basis. Shareholders will be asked to appr…
News in Brief (March 23, 1987)
Penway Explorers reports it has an agreement to acquire 20 additional mining claims in the Red Lake area of Ontario. The company says to date no work has been done on these claims, but that it intends…
Funding increased
Toronto-based Canadian Lencourt Mines has completed a placement with NIM and Co., Ltd. Partnership — 1987 of 1,250,000 shares on a flow-through basis, netting the company $500,000, subject to regulat…
Too much on gold
As a subscriber of many years, I have always appreciated your newspaper for its wide coverage of the industry and the completeness of information on the Canadian mining scene. As an expatriate mining …
People (March 23, 1987)
Gold Institute — John H. Lutley appointed managing director.
Researcher turns attention to strontium
The metal strontium has come under the research eye of Dr. J. E. Gruzleski of McGill University’s department of mining and metallurgical engineering. Backed by grants extending over three years of $18…
Proposed asbestos ban is a mistake
Time is running out for Canada’s beleaguered asbestos industry. A final ruling from the U.S. Environmental Protection Agency regarding the proposed phase-out of all asbestos uses in that country is ex…