PRODUCER PRICES (July 22, 1996)
ALUMINIUM: LME settlements US$1,420 per tonne, alloy US$1,215.50 per tonne (July 15, 1996).ANTIMONY: Composite free market, US$2,775 per tonne (July 15, 1996).BISMUTH: Composite free market US$3.50 pe…
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TSE Short Positions (July 22, 1996)
Short positions outstanding at June 30, 1996Larger individual positions included: Agnico-Eagle 366,373; Arequipa 236,910, up 99,910; Anvil Range Mining 418,600, up 341,100; Aur Resources 120,000, down…
MSV workers accept contract
The workers at MSV Resources’ (MSV-T) two mines in Chibougamau, Que., have accepted the latest pay raise offer from the company.The offer includes a 25 cents-per-hour raise in the first year and raise…
Royalstar, Attwood Gold to join forces
The merger of Royalstar Resources (RYQ-V) with Attwood Gold (ATW-V) is being negotiated.John Young, Royalstar’s current president, will preside over the new company, which will retain the name Attwood…
Consolidated Nevada inks Mexican merger deal
Consolidated Nevada Goldfields (KNV-T) has signed a deal with Mexican miner Grupo Real del Monte that will lead to a six-fold increase in reserves for the American company.The companies are merging th…
The Cambior drilling at Cameron Lake
Diamond drilling has begun at the Cameron Lake gold property, a joint venture between Nuinsco Resources (NWI-T) and Cambior (CBJ-T).The project lies 80 km southeast of Kenora, Ont. Reserves are estima…
Cominco deals for Peruvian miner
Cominco (CLT-T) has acquired a 25.5% interest in the Peruvian company Inversiones Colquijirca, which holds a 51% interest in Sociedad Minera El Brocal.Minera El Brocal’s principal assets include the 2…
Elliot Lake growing independent of mining
Although the last of the ore has been hauled from the last of Elliot Lake’s mines, the task of reclaiming and revitalizing this former one-industry town has just begun.Beginning in 1955, the mining in…
COMMENTARY — Chile’s gain is Canada’s loss
In 1993, Chile was the world’s largest producer of copper, with 22% of total world exports, as well as the world’s leading producer of potassium nitrate and sodium nitrate.Today, minerals account for …
DIAMOND PAGE — Redaurum sales up
Revenue from diamond sales by Redaurum (RRK-T) jumped 33% in the second quarter.For the three months ended June 30, Redaurum reaped revenues of $2.5 million, compared with just under $1.9 million in t…
ODDS’N’SODS — Timmins in the ’30s: How does your garden grow?
The makers of mid-priced automobiles were, like many others, hit hard during the Great Depression of the 1930s. But when Marmon, Packard and Hudson were closing factories at an alarming rate, Graham-P…
Omni prepares to drill Mt. Skukum
Omni Resources (ORI-V) has two exploration and development programs under way on its Mount Skukum properties, 40 miles south of Whitehorse, Y.T.At the Skukum Creek project, the company is preparing to…