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.
1994
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 — Reclamation of California mercury deposits a
Previous mining of mercury deposits in the northern California Coast Range mercury belt has become the source of environmental geochemical concerns. Occurrence of metals in the surrounding rock, soil,…
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…
AMERICAS — New York hosts pair of wollastonite miners
Wollastonite has been mined in New York state since the 1940s. The two companies currently mining the mineral in the state are NYCO Minerals and R.T. Vanderbilt. The NYCO deposit in Essex Cty. contain…
UN approves resolution regulating seabed mining
The United Nations General Assembly has passed a resolution regulating seabed mining, paving the way for ratification of the landmark UN treaty on the Law of the Sea, which has languished for years. T…
Royal Oak gives new life to northern Colomac mine
The drama surrounding Royal Oak Mines’ (TSE) takeover bid for Lac Minerals (TSE) is overshadowing the startup of the Colomac gold mine 137 miles north of Yellowknife, N.W.T. Royal Oak expects to produ…
METALS COMMENTARY — Simmering demand heats up industry
Normally, the summer holiday season is a quiet one for metals markets, but this summer is proving less quiet than most. Many customers of the mining industry are being met with an unusual challenge: t…
THE DIAMOND PAGE — Adex, partners encouraged by results from
Exploration activity in the Lac de Gras region of the Northwest Territories is resulting in more kimberlite discoveries. The latest is the Nicholas Bay kimberlite, discovered last April on the Aylmer …
TSE SHORT POSITIONS (August 08, 1994)
Semi-monthly reports as of Jul 15, 1994 showed 265,326,185 shares of 901 issues compared with 249,548,306 shares of 870 issues on Jun 30, 1994. Larger individual positions included: Aber 111,500, up 6…
Third Escondida expansion approved
The owners of the Escondida copper mine in northern Chile’s Atacama Desert have expanded production capacity twice since operations started in November, 1990. The partners now plan to spend US$520 mil…
Ruling not overturned: Gold Reserve
Two mining companies are at odds over a court ruling dealing with property rights in Venezuela. Gold Reserve (TSE) of Spokane, Wash., says TVX Gold (TSE) was incorrect in announcing that a ruling in f…