METAL PRICES (January 20, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 14 Jan 13 Jan 10 Jan 9 Jan 8 Copper 1167-1168 1165-1166 1175-1177 1154-1155 1124…
Articles by Northern Miner Staff
PROFILE (January 20, 1992)
For the past two years, Noranda Inc. has been redesigning its corporate structure to maximize profit. According to plan, Noranda Minerals alone, a wholly owned subsidiary, will trim its exploration wo…
Placer buys Alban shares
A winter program of diamond drilling will begin in early 1992 on the Mitzi project 11 miles from Placer Dome’s (TSE) Mt. Milligan copper-gold deposit north of Prince George, B.C. Placer recently exerc…
Noront’s drilling cuts zinc zones at Hurdman Twp.
Noront Resources (VSE) says it has pulled one of the most significant zinc intersections yet reported in the immediate area north of Falconbridge’s Kidd Creek, Ont., copper-zinc mine. Noront says one …
Arimetco Int’l invests in Bolivian zinc mine
Arimetco International (TSE) has reached an agreement to acquire a 52% interest in the Andacaba zinc-lead-silver mine near the city of Potosi, Bolivia. The current owners of the mine have recently tak…
Nymex withdraws from project
The New York Mercantile Exchange (Nymex) says it has withdrawn from a project to consolidate the operations of four commodity exchanges in New York City. Nymex’s board of directors cited economic cond…
GOLD FUNDS (January 20, 1992)
BGR Central Net Value $8.41 $4.95 Price $7.50 $4.350 Discount 10.81% 12.1 Value $50,067,000 $73,185,705…
NEWS IN BRIEF (January 20, 1992)
The International Monetary Fund, in its latest financial statements, reports gold holdings of 3.2 million kg (more than 10 million oz.) at designated depositories, as of Oct. 31, 1991.
Amax completes Fort Knox buy
In exchange for 12.9 million shares and four million warrants, Amax Gold (NYSE) recently completed the purchase of a 100% interest in the Fort Knox property from former owners, Fairbanks Gold and Gilm…
GUEST COLUMN (January 20, 1992)
A proposal to access the vast mineral resources of the Coronation Gulf area in the Northwest Territories holds the promise to provide from hundreds to thousands of jobs to northern residents, and can …
LETTERS TO THE EDITOR (January 20, 1992)
We refer to the article “one dead, one injured at Macassa, blast injures 11 at Sa Dena Hes” (T.N.M., Dec. 30/91). One of the two mine sites, Sa Dena Hes, is a joint venture operation of our company.Th…
NEWS ROUNDUP (January 20, 1992)
New Zealand company Restech International says its Restech Canada Holdings Ltd. unit is set to acquire a 34% stake in Vancouver-based High River Gold Mines (TSE) from TVX Gold (TSE). In exchange for t…