Waseco eyes Indonesian properties
Toronto-based junior Waseco Resources (CDN) has set its sights on the Tewah gold project in Kalimantan, Indonesia.The company is negotiating an option agreement that will allow it to earn an undivided…
1996
COMMENTARY — Deep River wants waste facility
The citizens of Deep River, Ont., want to play host to Canada’s first low-level radioactive waste disposal facility. More than 70% of voters in a September, 1995, referendum were in favor of locating …
Rio Narcea starts feasibility at Valle
Denver-based Rio Narcea Gold Mines (TSE) reports that most of the 1.9 million common share purchase warrants issued at the time of the company’s public offering have been exercised.At the time of expi…
P.T. Inco starts mine expansion
Now that an agreement to extend the contract of work has been signed, P.T. International Nickel Indonesia, a 58.7%-owned subsidiary of nickel giant Inco (TSE), will begin a major expansion program des…
Copperstone to resume drilling of Boleo project
Drilling will resume this month at the Boleo copper-cobalt project in Baja California Sur, Mexico.Copperstone Resources (VSE), which is earning an 80% interest from Island-Arc Resources (VSE), plans t…
Spot prices at a glance (January 22, 1996)
Wednesday, January 17, 1996Week’sPrice (US)ChangeGold*$398.90+$2.15Silver*$ 5.49-$0.05Platinum*$419.75+$3.90Nickel**$ 3.54+$0.12Lead**$ 0.32+$0.01Copper $ 1.18$0.00Zinca$ 0.47+$0…
EDITORIAL PAGE — A Superfund model
We’ve said it before, and we’ll say it again: government agencies should stay out of the environmental remediation business, for the simple reason that private interests can do the job better, and at …
Index (January 22, 1996)
REGULAR DEPARTMENTSCareersClassified AdvertisingCommentaryDiamond DrillersDiamond NewsEditorialsInsider TradingInvestment CommentaryMetal PricesObituaryOdds `n’ SodsProfessional DirectoryStock Markets…
Barrick to finance Yamana’s Indonesian acquisition
With several projects well under way in Argentina, Yamana Resources (TSE) has shifted its focus 6,000 miles to the east and acquired ground in Indonesia.The junior was awarded the first right to acqui…
Caldera keeps up kimberlite quest
No kimberlite has been found in early drill results from the Abminga diamond project in South Australia.The project is a joint venture between Montreal-listed Caldera Resources (formerly Bishop Resour…
Newhawk selling Bruceside interest
A decision to focus on North American precious metal properties in areas with existing infrastructures has prompted Newhawk Gold Mines (TSE) to seek a buyer for its 60% interest in the Bruceside prope…
Minto Explorations on fast track to production in the Yukon
A positive feasibility study on the Minto copper-gold-silver project in the Yukon estimates yearly copper output at 27 million lb. at a cash cost of US57 cents per lb. net of gold and silver credits.O…