Operations cease at Faro mine
Mining at the Faro properties in the Yukon has been suspended.Anvil Range Mining (ARO-T) cited production problems, low metal prices and a strengthening Canadian dollar as reasons for the closure. It …
1996
PRODUCER PRICES (November 25, 1996)
ALUMINIUM: LME settlements US$1,413 per tonne (Nov. 19, 1996), alloy US$1,267 per tonne (Nov. 14, 1996).ANTIMONY: Composite free market, US$1,950 per tonne (Nov. 19, 1996).BISMUTH: Composite free mark…
BHP reports find at Taca-Taca play
Australian-owned BHP Minerals reports encouraging results from a drill program aimed at testing a large, coincident, copper-gold anomaly in the middle of the Taca-Taca (Lower) porphyry project in Arge…
PEOPLE –ROCHESTER
D. Campbell, Gary Liu, Ronnie Doman, Victor Erickson and Roger Nickel appointed directors.
Wheaton seeks funds for Golden Bear mine
In an effort to reopen the Golden Bear mine in northwestern British Columbia, Wheaton River Minerals (WRM-T) has retained the services of an independent financial group to assist it in obtaining a loa…
Virginia finds gold showings at Auclair
Junior Virgina Gold Mines (VIA-M) has discovered a new showing, known as “Rock’n Hammer,” at its Auclair property, along the Eastmain River in northern Quebec.The company also reported the discovery o…
Trillion rolls up sleeves in Zimbabwe
Regulatory approvals are in place for Trillion Resources (TLQ-T) to acquire the Indarama property, a 16-sq.-km package of mining leases near Kwekwe in south-central Zimbabwe.Trillion is conducting a $…
PEOPLE — MIRAMAR MINING (November 25, 1996)
Brian Labadie appointed senior vice-president of operations.
Australia strives for record gold output
According to a Melbourne-based mining consulting firm, Australia is on-track to produce a record 290 tonnes of gold this year, up from 253.7 tonnes in 1995.The country produced 73 tonnes of the yellow…
ODDS’N’SODS — The Finnish-ed product
After the First World War, thousands of Finns migrated to North America, most of whom settled in the northern U.S. and Canada. The lakes and forests of northern Ontario reminded them of their homeland…
Nevsun expands Tabakoto project
Drill results from the Tabakoto gold project in western Mali reveal increasing grades and widths at depth, particularly in the central part of the Main zone.Nevsun Resources (NSU-T), which owns 90% of…
EDITORIAL PAGE — Better a carrot than a stick
Environmental groups have long criticized government policies aimed at encouraging companies to reduce greenhouse gases from their operations voluntarily. The prevailing view is that nothing will happ…