Kennecott brings Canadian unit back to life
The long-dormant Canadian subsidiary of Kennecott Corp., backed by its parent company’s renewed commitment to exploration, is beefing up staff, dusting off a decades- old inventory of properties and j…
1990
Belmoral selling 45% stake in Roddy to Metals Research
Belmoral Mines (TSE) has reached an agreement with U.S. company Metals Research (NASDAQ) to sell almost all of its interest in Arizona heap leach gold miner Roddy Resources (TSE). Under the agreement,…
Access to land, capital prominent issues in 1991
With 1990 behind us, it is appropriate to review two issues of last year that stood out and are likely to remain prominent in 1991 for not only British Columbia but Canada as a whole — access to land…
More royalties for Euro-Nevada
A package of six royalty and net profits interests (NPI) has been acquired by Euro-Nevada Mining (TSE) from the estate of a prominent Nevada mining prospector-developer for US$562,500, the company say…
New gold zone taking shape at Eagle River
Limited exploration on the newly discovered “P zone” at Central Crude’s (TSE) Eagle River property in the Mishibishu Lake area of Ontario has returned some encouraging results. While the best channel …
NEWS IN BRIEF Can-Ex Resources Ltd.
Can-Ex Resources Ltd.(CXZ: VSE) has changed its name to Kintana Resources Ltd. (KIN: VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Central Guaranty Trust…
BOOKS IN REVIEW Guide to international miners
A guide to the international mining community, Mining 1991 is a useful source for those with a global outlook. This annual lists more than 700 public, state-owned and privately held companies, with ad…
Brinco completes acquisition
With the tender of 97.4% of the outstanding shares of Western Canadian Mining, the company’s major shareholder, Consolidated Brinco (TSE), can proceed with its reorganization plan. Shareholders were o…
METALS PRICES PRODUCER PRICES (January 07, 1990)
ALUMINUM: MW U.S. Market US70.25- 71.75 cents per lb. (Dec. 20, 1990). ANTIMONY: New York dealer US78-80 cents per lb. (Nov. 29, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). C…
Goldteck served Ministry notice
The Ontario Ministry of the Environment recently served Goldteck Mines (TSE) and two of its officers with a notice of its intention to ask the company to take certain steps relating to the overflow of…
Asarco provides Missouri grant
A US$150,000 grant over a 5-year period is being provided by Asarco (NYSE) to the University of Missouri-Rolla School of Mines and Metallurgy to establish the Asarco Endowment Fund. The fund will be u…
Vancouver Stock Exchange Star performers of the year
The past year was a cruel one for the Vancouver Stock Exchange as the Composite Index plunged 26% to 527.37 from its year-earlier level of 713.71. The high and low for the period were 802.20 and 505.8…