News

Russian gold mining sector undergoes major changes

A major world gold producer for many years, Russia now ranks fifth on an international level, behind South Africa, the U.S., Australia and Canada. Russia produced about 65% of the former Soviet Union’…


Heat sources studied at deep Homestake mine

A graduate student of the University of Nevada, in Reno, has been trying to help Homestake Mining save on its air-conditioning bill at its deep gold mine in South Dakota. Ian Duckworth, a mining engin…


Grant to help complete study

A government grant worth $241,050 will help finance a feasibility study of a spodumene mine and a lithium carbonate plant in Quebec. Montreal-listed partners Charlim Explorations and Wrightbar Mines e…






METAL PRICES (September 19, 1994)

London Metal Exchange Spot closing prices in $US per tonne Date Sept.13 Sept.12 Sept.9 Sept.8 Sept.7 Copper 2503-2504 2497.5-2498.5 2481-2482 2473-2474 2467.5-2468.5 Lead 616-617 611-612 608.5-609.5 6…


Spot prices at a glance (September 19, 1994)

Week’s Price (US) Change Gold* $390.40 + $2.00 Silver* $ 5.46 $0.05 Platinum* $416.75 $3.00 Nickel** $ 2.94 + $0.15 Lead** $ 0.28 + $0.01 Copper $ 1.13 + $0.01 Zinc $ 0.44 $0.00 Courtesy of Scotiabank…


Canarc drilling in Venezuela

Drilling is under way on the Aurora property in Venezuela. Canarc Resource (VSE) is funding the work under a 50-50 joint-venture agreement with Tombstone Explorations (VSE). Surface exploration over t…


Rio acquires 25% royalty in Polaris lead-zinc mine

Metals producer Rio Algom (TSE) has bought all the shares in NCO Mines, which holds a royalty interest in production from the Polaris lead-zinc mine. NCO, a wholly owned subsidiary of North Canadian O…


Queen’s seminar set for December

The department of geological sciences at Queen’s University in Kingston, Ont., will present a seminar Dec. 4-10 on “economic guidelines for mineral exploration.” Led by Brian Mckenzie, the seminar is …


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