Funds available for granite plant
Ontario government funding totaling $1.2 million has been awarded to Malette Granite of Iroquois Falls to help establish a granite processing plant and to hire and train employees. A $500,000 term loa…
News
Joint project studies phenomenon of rockbursts
For centuries, one of the biggest dangers in mining has stemmed from the potential instability of the openings in which miners work. Often, the collapse of these structures is attributed to a phenomen…
Fleming named TSE president
The Toronto Stock Exchange (TSE) has named Rowland Fleming as its new president and chief executive officer (CEO). Fleming, 51, becomes the exchange’s 60th president in its 133-year history, succeedin…
AMC, NCA plan to join forces
A pair of lobbying groups in the U.S. — the American Mining Congress (AMC) and the National Coal Association (NCA) — plan to merge. Named to head the new mining organization is Richard Lawson, who i…
Spot prices at a glance (November 21, 1994)
Week’s Price (US) Change Gold* $385.50 + $1.15 Silver* $5.19 – $0.01 Platinum* $414.40 + $3.40 Nickel** $3.50 + $0.13 Lead** $0.31 + $0.01 Copper $1.30 + $0.07 Zinc $0.54 + $0.02 Courtesy of Scotiaban…
Nugget drilling Hill End project
Drilling is planned for early 1995 at the Hill End gold project in Australia, Nugget Resources (ASE) reports. The junior, which recently completed a $525,000 initial public financing to gain a listing…
COMMENTARY — The growing demand for nickel
In its weekly “Metals” report, Billiton Metals comments on the nickel market and the metal’s recent wide trading band and price rebound: Speculative activity was partly responsible for nickel’s renewe…
STOCK MARKETS — Rising U.S. interest rates hinder TSE
Two factors helped drag the Toronto Stock Exchange lower over the 5-day report period ended Nov. 15: a falling Canadian dollar and rising Canadian interest rates in the wake of a recent decision by th…
STOCK MARKETS — Western markets consolidate as indexes drop
Western markets continued to consolidate during the report period ended Nov. 15, with both the Vancouver Stock Exchange resource and composite indexes touching new lows for the year. The composite ind…
American Gem, Teck form alliance
Vancouver-based Teck (TSE) has gained the right to participate in future joint ventures with American Gem (TSE). In addition, Teck agreed to buy 1 million shares of American Gem at $5 per share and, i…
More copper-gold at Lorraine property
Drilling on the Lorraine property in north-central British Columbia continues to return copper-gold intersections. Lysander Gold (VSE) is acquiring a 100% interest by spending $100,000 and issuing 200…
LETTERS TO THE EDITOR — International coverage overshadows
I have been a reader of The Northern Miner since 1928 in Cobalt, Ont., and never thought I would ever see the day when an entire front page (T.N.M., Oct. 31/94) covered only stories of out-of-country …