Unocal sells Obed
The Obed thermal coal mine near Hinton, Alta., has been sold to Edmonton- based Luscar Ltd. The mine was owned 93.4% by Unocal Canada, a wholly owned subsidiary of Unocal (NYSE), and 6.6% by Norcen E…
1990
Claude extends work program at Seabee
Exploration work on Claude Resources’ (TSE) Seabee gold deposit in northern Saskatchewan is expected to lead to a production decision by May, the company says. The current exploration program, which b…
Editorial Inspiration from the past
It is highly appropriate that Norman Keevil Jr. took the opportunity of addressing the Canadian Mining Hall of Fame’s annual induction banquet to announce Teck Corp.’s intention to stimulate research …
Spot prices at a glance (January 15, 1990)
Week’s Price (US) Change Gold*$405.85+$ 9.55 Silver*$ 5.27+$ 0.11 Platinum*$493.75+$17.50 Nickel**$ 3.49–$ 0.05 Lead**$ 0.34+$ 0.01 Copper$ 1.14+$ 0.04 Zinc$ 0.61–$ 0.01 Courtesy of Scotiaban…
Santa Fe boosts reserves at Rabbit Creek
A significant increase in gold reserves was announced by Santa Fe Pacific Minerals, a unit of Santa Fe Southern Pacific (NYSE), for its 100% owned Rabbit Creek gold mine project, 35 miles northeast of…
Breakwater makes offer to acquire El Mochito
Gold producer Breakwater Resources (TSE) has announced plans to acquire all the outstanding shares of American Pacific Mining (TSE) which owns and operates the profitable El Mochito polymetallic mine …
News in Brief (January 15, 1990)
Coin Lake Mines has changed its name to United Coin Lake Gold Mines (UCM:TSE) on a 1-new- for-2-old-share basis. Transfer agent is Central Guaranty Trust Company.
Insider Trading Geddes Chairman sells shares as Windy Craggy
Geddes Resources’ (TSE) Chairman Geddes Webster recently took advantage of some of the speculation surrounding the company’s Windy Craggy copper project in northern British Columbia. After exercising …
Skyrocket seeks injunction through Securities Commission
Skyrocket indicates that it will seek a hearing by the British Columbia Securities Commission in an effort to get an injunction on the trading halt of the company. On Jan. 8, the application for monet…
Mexican Hat high grade
Several high-grading intersections have been drilled by Placer Dome (TSE) on the Mexican Hat gold property held under option from Oneida Resources (VSE). Placer’s drilling in hole 54 cut a 40-ft. sect…
Mine reclamation
L.R. Hossner’s Reclamation of Surface-Mined Lands, a 2-volume set, provides information on restoring surface-mined lands to a productive and aesthetically acceptable form. It addresses the primary pro…
B.C. prospecting course offered
Cowichan Lake, Vancouver Island, will once again be the scenic setting for the advanced prospecting course offered by the British Columbia Ministry of Energy, Mines and Petroleum Resources. The 14th a…