ODDS’N’SODS — Mine rescue remembered
In the summer of 1993, I was manning a tourist office in our village when an extremely lame man and his wife came in. After exchanging a few pleasantries, he asked, “Do you know a George Wallace who l…
1994
Ukraine, China supplying silico-manganese market
Ukraine and China are increasing their share of the Western World’s silico-manganese market. In its study The Costs of Producing Manganese Ferro-alloys, CRU International says the two countries more t…
Acid drainage conference set for April in Pittsburgh
The third international conference on the abatement of acid drainage is scheduled for April 24-29 in Pittsburgh, Pa. More than 1,200 delegates are expected to attend the conference, which will feature…
LAST BUT NOT LEAST — Joint venture to buy Cassiar assets
Three companies have exercised an option to acquire the relevant assets and properties of Cassiar Mining. Cliff Resources (TSE) holds 30% in the joint venture, with an overriding 3.3% royalty on gross…
LAST BUT NOT LEAST — Keno compiles reserve data
Consulting firm Watts, Griffis & McOuat is poring over exploration and reserve figures for the Galena Hill silver-lead mine in the Yukon in preparation for underground drilling, to begin in May. Owner…
LAST BUT NOT LEAST — Golden Star affiliate in French Guiana
New York-listed Asarco has signed an option agreement with Guyanor Resources S.A., a wholly owned subsidiary of Golden Star Resources (TSE). Asarco will earn a half interest in Golden Star’s St. Elie …
Mini-rush to the Klondike — Kennecott commits to
The Klondike gold rush days may be long gone, but it would seem Kennecott Canada is of a different opinion. The company will spend more than $500,000 this year exploring properties in the Klondike cam…
Talapoosa royalty worries Pegasus
With a third phase of work completed on the Talapoosa gold project in Nevada, Pegasus Gold (TSE) is nervously awaiting confirmation of a proposal from the U.S. government that a royalty be applied to …
NEWS ROUNDUP — Republic finds new gold zones
Two potential open-pit gold zones have been identified on the dormant Congress property in Arizona. The Golden Wave and Bellick zones are north and east, respectively, of the Congress mill. Republic G…
INSIDER TRADING — Echo Bay officers active
Two officers of Echo Bay Mines (TSE) exercised options and sold shares in early January. According to the Ontario Securities Commisssion OSC Bulletin, senior officer John Zigarlick Jr. exercised optio…
Inco turns profit in 1993
Red ink flowed in the last quarter of 1993, but Inco (TSE) turned a profit on the year. Net earnings (unaudited) for last year amounted to US$28.2 million, compared with a net loss of US$17.6 million …
Glamis Gold boosts Imperial interest
Gold producer Glamis Gold (TSE) plans to buy a 35% interest in the Imperial County project in California. In exchange for paying $1 million in cash to Arizona Star Resource (VSE), Glamis would acquire…