Vancouver Stock Exchange (December 30, 1991)
Despite a generally “grinchy” outlook as the year draws to a close, both the resource and composite indices managed to post small rebounds during our report period ended Dec. 23. The resource index ad…
Articles by Northern Miner Staff
Ten new copper smelters planned
Plans for at least 10 new copper smelters worldwide are under consideration, reports the U.S. Bureau of Mines. But although big copper producers like Chile are expected to proceed with construction, C…
St Andrew halts bond payments
Toronto-based St Andrew Goldfields (TSE) is suspending interest payments on $9.8-million worth of 5.75% Swiss convertible bonds, after reaching an agreement with bondholders recently. At a meeting in …
PRODUCER PRICES (December 30, 1991)
ALUMINUM: MW U.S. market US50.00-50.75 cents per lb. (Dec. 12, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
Land claim deal sets stage for new Canadian territory
The creation of a new territory in Canada’s north is a step closer to reality. The federal government in Ottawa and the Tungavik Federation of Nunavut in the Northwest Territories recently reached agr…
Geoscientists view the world’s deepest drill hole
Geoscientists from around the globe caught a once-in-a-lifetime glimpse of the world’s deepest diamond drill hole when they visited the Kola project in the Soviet Union recently. The drill site, 40 km…
PROFILE (December 23, 1991)
At a time when the market is bearish, LAC Minerals sends a signal to investors that it remains a serious player in the mining industry, looking for quality assets worldwide. It has just raised $106 mi…
Ontex, Placer talks continue
A letter of intent between Ontex Resources (ASE) and Placer Dome (TSE) to finance further exploration on the Brookbank gold property near Beardmore, Ont., has been extended indefinitely. Ontex Vice-Pr…
Van Nest steers Landmark into merger with Gateford
Originally a mining exploration company, Calgary-based Gateford Resources (ASE) plans an amalgamation with closely associated Landmark Corp. (TSE). Under the aegis of Vancouver businessman Gary Van Ne…
Maurice Hamelin faces 20-year ban
In late November, the British Columbia Securities Commission ordered the removal of Maurice Hamelin’s trading rights, and prohibited him from acting as a director or officer of a public company for 20…
Montanore suspension continues
Development work at the Montanore copper-silver project near Libby, Mont., remains suspended because of environmental problems. Noranda (TSE), 55% owner of the project, was forced to shut down operati…
NO HEADLINE (December 23, 1991)
ALUMINUM: MW U.S. market US49.50-50.25 cents per lb. (Dec. 5, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADM…