Arimetco may manage restructured Breakwater
Management of Breakwater Resources (TSE) is expected to pass into the hands of Arimetco International (TSE) following a cash injection of about $5 million into Breakwater’s treasury by the Shipes fami…
1992
U.S. REPORT (February 03, 1992)
With plans to raise in the order of $1 million through a secondary public offering, Manhattan Minerals (VSE) will have the funds to explore two recently acquired properties. The company can earn an 80…
Andaurex placement to boost cash reserve
Toronto junior Andaurex Resources (VSE) has agreed, subject to regulatory approval, to sell by way of a private placement 1.1 million units priced at 20 cents each. The units consist of one common sha…
EDITORIAL PAGE (February 03, 1992)
Environmental crusaders who are fighting against industrial development of any kind are simply battling the wrong enemy. A recent article in a newsletter from the Association of Professional Engineers…
DMBW joins Dames
When one of Canada’s best known mining consulting groups was wound down in 1991, two surviving companies carried on the business. One of the partners, Ian Thompson, moved out to Vancouver and establis…
BOOKS IN REVIEW (February 03, 1992)
Energy World Analytical Yearbook, Australian Mineral Economics Proprietary Ltd., G.P.O. Box 3602, Sydney NSW 2001, Australia. 520 pages. US$1,450 (A$1,950). This recently published volume covers three…
Metal Prices (February 03, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 28 Jan 27 Jan 24 Jan 23 Jan 22 Copper 1214-1215 1226-1227 1193-1194 1211-1212 11…
TORONTO STOCK EXCHANGE INDICES (February 03, 1992)
Jan 28 Jan 27 Jan 24 Jan 23 Jan 22 High Low Composite 300 3623.25 3628.50 3630.75 3624.53 3638.79 4009.47 3009.91 Metals & Minerals3140.55 3162.15 3136.31 3139.99 3161.98 3453.06 2502.63 Integrated Mi…
Renabie gold trust wraps up agreement
Final proceeds of production from the former Renabie gold mine, owned jointly by American Barrick Resources (TSE) and Corona (TSE), will be distributed to unitholders of the Renabie gold trust this mo…
Moneta stakes near Timmins
After re-evaluating a portion of a 1966 drill hole, Moneta Porcupine Mines (TSE) staked 16.8 square miles (269 units) in Loveland and MacDiarmid twps., northwest of Timmins, Ont. Recent assays from an…
MEWS IN BRIEF
Royal Crystal Resources Ltd. (RCY:VSE) has changed its name to Eracon Industries Inc. (ERN:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis. The transfer agent is Pacific Corporat…
Quebec to sell stake in Asbestos
After pumping hundreds of millions of dollars into Quebec’s asbestos industry over the years, provincially owned Societe Nationale de l’Amiante (SNA) says it intends to sell its interest in one of Que…