Canuc expects royalty income
Canuc Resources expects to start receiving royalty income from its uranium properties near Elliot Lake, Ont., by 1989. Sold to Denison Mines, the Canuc ground hosts drill-indicated reserves of 7-10 mi…
News
Storimin is set to resume work on Moss Twp. bet
Storimin Exploration says it will resume exploration immediately after breakup on its Moss Twp., Ont. gold prospect, about 70 miles west of Thunder Bay, where a 30,000-ft drill program has been comple…
Montreal Exchange Essor popular issue
Resource companies continue to be among the active leaders on the Montreal Exchange, where two of the mining stocks traded more than a million shares each during the past week. One of the firms, Essor…
Letters to the Editor Resents slur on Indonesians
I have had the article by Keith McCandlish (Odds ‘n Sods, Feb 23/87) on coal exploration in Indonesia pointed out to me. Only the threat, at the close of the article, that there might be more of this …
CFC changes corporate name to Minnova Inc.
Innovation in mining will characterize the new Corporation Falconbridge Copper, so the company has taken that phrase and fashioned a new name for itself — Minnova Inc. Since control of the company –…
Tragedy at Inco’s Levack nickel mine
Four miners, employees of Inco Ltd., have been killed underground at the company’s Levack nickel mine near Sudbury, Ont. Termed a “freak accident” by officals of the United Steel Workers of America, t…
Mining taxation
A one-day seminar, providing an update and overview of the taxation of the Canadian mining industry, will be offered May 5 at the Four Seasons Hotel (Yorkville), Toronto. Topics to be discussed includ…
Noranda, Placer both looking at Dome Mines shares
Noranda Inc. and Placer Development both admit they have an interest in the possibility of buying the shares of gold-producer Dome Mines held by Dome Petroleum, but neither Noranda nor Placer appear t…
CDDA meeting
The 44th annual meeting and convention of the Canadian Diamond Drilling Association (cdda) will take place April 29, 30 and May 1 at the Fantasyland Hotel in Edmonton, Alta. A varied agenda covering n…
Newhawk back at Sulphurets
Underground development work has begun at Newhawk Gold Mines Sulphurets project north of Stewart, B.C. Freight and equipment have been transported to the site for a $5 million 2-phase program, the fir…
HSK and Joutel to buy Queenston Gold shares
Working on an agenda of quiet growth over the past year, Toronto- listed HSK Minerals and Joutel Resources have taken a major step which consolidates their position in the famed Kirkland Lake mining c…
MFC records a profit as a mining finance house
Fewer than two years from its inception, MFC Mining Finance Corp has emerged as a profitable mining finance house, with interests in two operating gold mines. For the year ended Dec 31, mfc generated …