After a difficult year in 1990, the Canadian steel industry did not fully recover in 1991. At best, only eight blast furnaces were operating, compared with 10 as late as October, 1989. As a result, do…
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…
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…
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….
A $400,000 exploration program will begin shortly on the Brewery Creek property near Dawson, Yukon, a bulk-tonnage gold project owned 51% by Hemlo Gold Mines (TSE) and 49% by Loki Gold (VSE). The prog…
Concern about Canada’s 1991 mineral production results released by Energy, Mines & Resources (EMR) has been expressed by the Mining Association of Canada (MAC). Based on estimates prepared by EMR, the…
Management of Polestar Exploration (VSE) is putting some of the blame for the loss of its listing on NASDAQ on continued delays in receiving operating permits for the Crystal Peak garnet quarry near H…
ALUMINUM: MW U.S. market US57.25-58.75 cents per lb. (Feb. 13, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.90-3.10 per lb. (Jan. 23, 1992). CAD…
Dundee Bancorp (TSE) recently joined with Outokumpu, the Finnish state mining company, to unseat the entire board of directors of Conroy Petroleum and Natural Resources, an Irish resources company. Th…
An expanded work program and a feasibility study are being planned by Cominco Resources International (TSE) for its recently discovered Cerattepe copper deposit in northeastern Turkey. A drill program…
An improved operating performance at the Kendall gold mine enabled Canyon Resources (NASDAQ) to record its first year of operating profitabil- ity in six years as a public company. The Montana gold mi…
Taking top spot on the most active list for the fifth week in a row, Canmine Resources lost 4 cents to close at 57 cents as drilling commenced on the FER copper-zinc property in northern Manitoba. Ove…
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