1993

NEWS ROUNDUP — Cominco Resources ups Cerattepe

A drill program in 1993 has resulted in a higher reserve estimate for the Cerattepe property in Turkey. Cominco Resources International (TSE) says 52 holes were drilled on the Gossan zone, bringing th…


Heath in Cuban drilling venture

An affiliate of Heath & Sherwood Drilling (1986), Heath & Sherwood International of Willowdale, Ont., has formed a joint venture with Geominera S.A. to provide contract exploration drilling services f…


Drilling of Boleo continues in Mexico

An initial phase of drilling has wound down on the Boleo copper-cobalt property in northwestern Mexico. Coeur d’Alene Mines (NYSE) is earning a half interest from International Curator (VSE) by spendi…


Platinum supply to top demand

Supply for platinum is expected to have exceeded demand in 1993, reports Johnson Matthey. In its Platinum 1993 Interim Review, the metals fabricator says demand this year is expected to have expanded …




PRODUCER PRICES (December 27, 1993)

ALUMINUM: MW U.S. market US51.5-53 cents per lb. (Dec. 9, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993). …


New chairman for Metall

Heinz Schimmelbusch has been replaced as chairman of Metall Mining (TSE). The company’s board of directors has filled the vacancy by appointing Klaus Goeckmann, a director of Metallgesellschaft AG. Sc…


Indonesian gold output on the rise

Gold is becoming an important export commodity for Indonesia. In 1992, the country’s exports of gold-ingot bar amounted to US$151.5 million, up from US$118.3 million in 1990. Add to this the value of …


Spot prices at a glance (December 27, 1993)

Week’s Price (US) Change Gold* $386.40 + $0.50 Silver* $ 5.00 $0.10 Platinum* $385.50 + $0.25 Nickel** $ 2.40 + $0.05 Lead** $ 0.21 + $0.00 Copper $ 0.81 + $0.03 Zinc $ 0.45 + $0.01 Courtesy of Scotia…



EDITORIAL PAGE — 1993 report card

This was the year the world came knocking on Canada’s mining door. Representatives from countries around the globe came to entice Canadian explorers abroad. They came for our mine-finding and mine-bui…


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