Control of Scarlett sold to Ameri
Ameri Minerals, a private company, has agreed to buy 1.94 million or 60% of the outstanding shares of Scarlett Minerals (ME) from Noramco Mining (TSE) and Gothic Resources (ME). When the transaction i…
1993
Noranda to sell Louvem shares
The controlling shareholder of Societe Miniere Louvem (TSE), Noranda Minerals, wants to sell its block of 11,474,000 Louvem shares to the highest bidder. In August 1989, Noranda acquired an interest i…
Eastern Stone raises Belrose interest
Eastern Stone Products (ASE) is set to acquire a further 25% interest in Belrose Minerals, bringing its total interest to 75%. In exchange for the interest, Belrose will be issued 500,000 shares of Ea…
Rio Algom counts on copper earnings
By launching a major project in Chile, Rio Algom (TSE) has secured its future copper earnings, said President Colin Macaulay. The Cerro Colorado property, which is to reach full production in 1994, ha…
Tan Range, Mill-Ore to assess Tanzanian tailings project
Financing to assess the commercial viability of reprocessing gold tailings in Tanzania has been obtained by Tan Range Exploration (ASE). The Canadian Industrial Development Agency (CIDA) has approved …
EDITORIAL PAGE — Hug a miner — “We want to be wanted.”
Such strange words to be uttered publicly by a mining type. But they were used by Alex Balogh, president and chief executive of Noranda Minerals, at a news conference announcing the Whitehorse Mining …
Dufresnoy plans Temis purchase
Societe d’Exploration Miniere Dufresnoy (ME) is set to acquire all shares of the sole Quebec producer of dolimitic pellets. Subject to regulatory approval and a satisfactory due diligence, Dufresnoy w…
Int’l Platinum acquires lithium property
Toronto-based junior International Platinum (TSE) has acquired a lithium property 144 km northeast of Thunder Bay, Ont. A 55-metre-long channel sample from the 27-claim property yielded an average gra…
Porphyry deposits studied
A new report on porphyry copper deposits has been published in the U.S. Porphyry Deposits of the Western Hemisphere is a series that analyzes oxide and sulphide porphyry systems and other bulk-tonnage…
More about diamonds (March 29, 1993)
Canadian companies searching for diamonds both at home and abroad: N.W.T. — Consolidated Abitibi Resources (ME) has arranged a private placement of 1.27 million flow-through shares from its treasury….
`Corridor’ yields two more pipes
The discovery of two new kimberlite pipes in the Northwest Territories lends credence to the theory that a major north-northwesterly trend dubbed the “corridor of hope” is associated with kimberlitic …
PRODUCER PRICES (March 29, 1993)
ALUMINUM: MW U.S. market US53-54 cents per lb. (Mar. 11, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…