News


LETTERS TO THE EDITOR — Escondida find a team effort

In the article “Arequipa eyes Peruvian copper” (T.N.M., Nov. 29/93), David Lowell is described as having “managed” the exploration program that resulted in the discovery of Chile’s La Escondida copper…



PRODUCER PRICES (December 20, 1993)

ALUMINUM: MW U.S. market US51.25-50.25 cents per lb. (Dec.2, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993…


Metal Prices (December 20, 1993)

London Metal Exchange Spot closing prices in $US per tonne Date Dec. 14 Dec. 13 Dec. 10 Dec. 9 Dec. 8 Copper 1723-1724 1747-1749 1717-1718 1677-1678 1674-1675 Lead 463-464 473-474 459-460 456-457 447-…


INSIDER TRADING — Copperquest officers sell shares

Two officers of CopperQuest (CDN) sold shares in October. According to the Ontario Securities Commission’s OSC Bulletin, President James Parres bought 16,000 shares at an undisclosed price and sold 19…


Rembrandt directors facing lawsuit

Now that Rembrandt Gold Mines (ASE) has a 100% interest in the Polaris Taku gold property in northwestern British Columbia, International Precious Metals (IPM) is proceeding with plans to sue several …


Lenora explores Yemen property

Junior Greater Lenora Resources (TSE) is being given a licence to explore an area 45 km south of San’a, Yemen. The 237-sq-km property is underlain by a Tertiary-aged felsic-volcanic caldera complex. I…


Caledonia’s Spanish subsidiary posts record profit

Filon Sur S.A., the 25%-owned Spanish gold mining subsidiary of Caledonia Mining (TSE), achieved a record net profit in the third quarter. Improved throughput and reduced operating costs enabled the h…



Chinese coins to honor Mao

A former leader of China is to be honored through the issue of gold and silver coins. A Chinese news agency reports that the coins will mark the centenary this month of the birth of Mao Tse-tung. The …


Alluvial diamonds found near Wawa

Diamond fever has gripped Wawa following the discovery of two alluvial diamonds and several indicator mineral grains in the Michipicoten River Basin. The rush was precipitated by prospector “Mickey” C…


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