Pezim buys Prime
A recent agreement provides for Murray Pezim to buy 1.9 million shares of Prime Equities International (VSE) from Prime Resources Group (VSE) and Homestake Canada. Pezim will pay $3.64 million. The ac…
1993
TSE SHORT POSITIONS (June 14, 1993)
Semi-monthly reports as of May 31, showed 74,893,719 shares of 702 issues compared with 72,998,779 shares of 684 issues on May 15. Larger individual positions included: Aber 103,800; Agnico-Eagle 38,6…
Suit drains Metalore coffers but court rules in its favor
The Ontario Court of Appeal has ruled that Metalore Resources (TSE) has regained the right to earn a 100% interest in the Brookbank gold property from Ontex Resources (ASE). The 18-claim property is n…
Suppliers get serious about export market
Canadian producers of mining equipment and services are getting serious about marketing their know-how beyond their borders. And they are beginning to see the advantages of a co-operative, joint marke…
LETTERS TO THE EDITOR — B.C. ministry weak, unsupportive
Having read the British Columbia government’s A Mineral Strategy for B.C. — Discussion Paper, March, 1993, I can only conclude that the first half of the paper is a realistic appraisal of the problem…
Mine developers to cover opponents’ costs — New British
In a sweeping series of proposed changes, the British Columbia government is considering collecting fees from mining companies for project reviews. Not only that, companies may be required to pay all …
Premier urges mining companies to market abroad
Ontario Premier Bob Rae urged Canadian mining companies to increase their foreign exposure, at a recent “Meet the Miners” reception at the Royal Ontario Museum in Toronto. Rae said that while his gove…
LAST BUT NOT LEAST — Saudi royal sells Horsham block
Prince Nawaf of Saudi Arabia has sold four million shares of Horsham (TSE) at US$11.62, cutting his ownership of the investment company in half to 4.5%. The shares were sold on the New York Stock Exch…
China planning increased exports
China plans to increase exports of major non-ferrous metals at an annual rate of 7.5% over the next eight years, according to a publication of Ontario’s Ministry of Northern Development and Mines. The…
New digital maps for Flin Flon area
Two maps created under the National Mapping program have been released for the area comprising Flin Flon, Man. and Creighton, Sask. The maps, which update the geology of the area for the first time si…
COMMENTARY — Staying ahead in the nickel market
The year 1992 was a challenging one for Inco. Reflecting low nickel prices, the company incurred a net loss — its first in eight years. As nickel prices fell, Inco worked even harder to reduce costs …
EDITORIAL PAGE — Real potential
The term “potential” has long accompanied any discussion of the mining industry in the Northwest Territories. Over the years, that potential has only been hinted at by way of several spectacular succe…