COMMENTARY — Early mining in New Brunswick
Mining in New Brunswick started in 1839. In that year, French sailors removed several chaldrons of coal from the Grand Lake area and sent them to Boston. The shipment represented New Brunswick’s first…
News
METAL PRICES — FREE MARKET (August 16, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 10 Aug. 9 Aug. 6 Aug. 5 Aug. 4 Copper 1936-1937 1957-1958 1968-1969 1958-1959 1954-1955 Lead 392-393 391-392 397-398 404-405 398-39…
ODDS’N’SODS — Avalanche! (1)
Avalanches rarely make headlines. Occasionally, they create havoc on the ski-slopes and that’s about the only time we hear of them. But in high-mountain country in winter, they are an ever-present haz…
TORONTO STOCK EXCHANGE INDICES (August 16, 1993)
— Week — Aug 10 Aug 9 Aug 6 Aug 5 Aug 4 High Low Composite”300″ 4028.44 4002.20 3959.96 3947.58 3988.54 4028.64 3945.87 Metals&Minerals 3118.83 3035.02 3014.85 3025.10 3033.85 3126.25 3009.80 Integr…
STOCK MARKETS — Diamond sell-off continues as seniors keep
The Vancouver Stock Exchange was in the news again as James Matkin’s provincially appointed inquiry listened to more assaults on the exchange’s credibility during a recent public hearing. William Pidr…
U.S. REPORT — Phelps Dodge protects price
Copper producer Phelps Dodge (NYSE) is benefiting from a hedging program that applies to about 45% of its projected 1993 output. The company reports that contracts with several financial institutions …
U.S. REPORT — Southern Copper completes share issue
A private placement of 2.5 million units at 40 cents each has been completed by Southern Copper (VSE). Each unit consists of one common share and one share purchase warrant redeemable for a Southern C…
Quebrada Blanca construction on schedule, within budget
Construction of the Quebrada Blanca copper mine is on schedule and within budget, according to three Vancouver-based companies with interests in the Chilean project. Cominco (TSE) has a 38.2% interest…
Tandem sells control of Matt Berry
Montreal-listed junior Tandem Resources (ME) has sold most of its 25.3% controlling interest in Matt Berry (CDN) to GTL Investments, a private Toronto-based company. In another transaction, Matt Berry…
LAST BUT NOT LEAST — Rhonda, Noranda drill Woolgar
Drilling is under way on the Woolgar-Tree River area, east of Coppermine, N.W.T., reports Rhonda Mining (ASE). The program is designed to test large geophysical (induced polarization) anomalies in the…
LAST BUT NOT LEAST — Rights offering by Dufresnoy
Regulators have approved a rights offering for Dufresnoy, Societe d’exploration miniere (ME). Each shareholder will receive one right for each common share held. Four rights will buy one unit (compris…
LAST BUT NOT LEAST — Nerco sells oil and gas assets
Having decided to focus on coal mining, Nerco, a wholly owned subsidiary of RTZ (NYSE), has sold its oil and gas assets for about US$510 million in cash. RTZ bought Nerco in June for about US$470 mill…