Record diamond output at Argyle
The Argyle mine in western Australia, the world’s largest producer of diamonds, turned out a record production in 1991 of 35 million carats, Ashton Mining of Melbourne reports. Ashton, which has a 40%…
The Argyle mine in western Australia, the world’s largest producer of diamonds, turned out a record production in 1991 of 35 million carats, Ashton Mining of Melbourne reports. Ashton, which has a 40%…
A recent drilling program by Minerex Resources (TSE) increased minable reserves at the Aurora Partnership gold mine near Hawthorne, Nev. The project is owned equally by Minerex and Electra North West …
A rights plan agreement introduced by Golden Rule Resources (TSE) in 1991 has been terminated by the company. President Glen Harper said the directors believed it was in the best interest of the compa…
Next month President Michael Spoko, 53, will succeed retiring Donald Phillips to become Inco Ltd.’s chairman and chief executive officer. Asked as to why he was chosen for the top job, Sopko replies, …
Geophysics virtually was born and raised in Canada. The sad thing is that it might just die here too. The recession, the lack of mineral exploration, a maturing mining industry, globalization — all h…
Canadian exploration expenditures totalled almost $800 million in 1990, compared with $828 million in 1989. A survey of companies carried out at the beginning of 1991 suggested that $646 million would…
MINE TAX RATES NOT CLEAR YET Changes in taxation on mining as the result of the tax deals made between the Dominion and the provinces are not yet clear. In principle it is proposed that the provinces …
On behalf of the Mineral Policy Sector and Energy Sector of Energy, Mines and Resources Canada, we are pleased to participate in the presentation of the annual mineral review and forecast in The North…
In 1991, industrial demand for platinum in the non-socialist world increased by more than 5% over 1990. Despite demand, prices hit a six-year low of US$330/oz on Dec. 30, trading below gold for the fi…
MINING AND MILLING Bolter/Screener Miller Technology has developed an improved bolter-screener that will get its first production workout in Falconbridge’s Craig mine. A joint effort with Getman Corp….
Copper prices remained relatively strong during 1991. Despite some weakening of demand and an increase in supply, the market was buoyed by the threat of serious supply disruptions around the world. Pr…
The Canadian economy entered 1991 in a recession that was already nine months in duration. In general, the economy was characterized by high unemployment, low consumer and business confidence, weak co…
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