Field conference set for Sudbury
The fourth annual CIM Geological Society Field Conference will take place Sept. 19-21 in Sudbury, Ont. Titled “Exploration and mining geology of world class deposits: strategies for success,” the conf…
1994
Mongolian data package complete
The Geophysical Exploration Technology of the University of Leeds has completed a year-long collaboration study with Mongolian Geological and Geophysical Exploration to compile aeromagnetic data for M…
Troilus contract to SNC-Lavalin
A contract for engineering and construction management of the concentrator, tailings storage and associated infrastructure at the Troilus gold project north of Chibougamau, Que., has been awarded to S…
Record price for Nymex seat (August 15, 1994)
A New York Mercantile Exchange (Nymex) seat sold recently for a record US$555,000. The futures exchange trades oil and gas and platinum and palladium contracts. Meanwhile, the Commodity Futures Tradin…
DIAMOND PAGE — Sampling program for Nicholas Bay pipe
Partners SouthernEra Resources (TSE), Winspear Resources (VSE) and Adex Mining (TSE) plan to carry out a 2-3 tonne mini-bulk-sampling program on their newly discovered Nicholas Bay diamondiferous kimb…
STOCK MARKETS — Disappointing DO-27 results spur western
Disappointing exploration results out of the Northwest Territories helped spur a continued slide in western markets. The Vancouver Stock Exchange resource index took it on the chin, plunging 121.73 po…
METALS COMMENTARY — Summer doldrums rule metal markets
Despite higher-than-normal stainless mill demand, metal prices remain in their seasonal doldrums with only the rumor mills really active. There is massive speculation about 1994 Russian production lev…
Montanore drops property option
Noranda Minerals, a U.S. subsidiary of Noranda (TSE), reports that an option held by Montanore Reserves to reacquire a 45% interest in the Montanore silver-copper project expired July 29. As a result,…
Green light for Kodiak project
Construction can now begin on the Kodiak heap-leach gold project at Golden Bear mine in northwestern British Columbia. North American Metals (VSE) received the required mine development certificate fr…
NEWS IN BRIEF (August 15, 1994)
Leader Mining Corporation (LMC:ASE) has changed its name to Leader Mining International Inc. (LMN:ASE) on a 1-new-sh-for-5-old-shs basis.
MSV increases quarterly output
Second-quarter production at the Copper Rand and Portage projects near Chibougamau, Que., increased by 45%, compared with the same period in 1993, MSV Resources (ME) reports. Quarterly output of 104,0…
AMERICAS — Mining industry faces a growing cost in
According to Statistics Canada, absenteeism will cost Canadian employers more than $10 billion in 1993. Two out of three employers that A. Foster Higgins surveyed at the end of 1992 also indicated tha…