Platinum market in 1992 in oversupply
The world platinum market was marginally oversupplied last year by 20,000 oz., Johnson Matthey says in its Platinum 1993 Review. Supplies of the metal dropped by 8% in 1992 to 3.82 million oz. because…
News
Madeleine Mines receives environmental permit
The Ontario Ministry of the Environment and Energy has issued Madeleine Mines (TSE) final approval for operation of the Lac des Iles platinum-palladium mine, 60 miles north of Thunder Bay, Ont. Upon c…
Aurizon, Louvem exploring Beaufor play
Exploration and development of quartz veins on the Beaufor property near Val d’Or, Que., will soon be in high gear now that Aurizon Mines (ME) and Louvem Mines (ME) have joined forces. The two compani…
Cusac plans drilling on Table Mountain
A 2,000-ft drill program is planned by Cusac Industries (TSE) to further explore the Table Mountain property near Cassiar, B.C. Crews are being mobilized and a camp established to allow the 7-hole dri…
Prof compiles deposit data
An economic geology professor at the University of Manitoba in Winnipeg has set up a library of samples, thin sections, photos and maps from more than 3,000 ore deposits around the world. Dr. Peter La…
Uranium report due in October
A report on three proposed uranium mining projects in Saskatchewan will be complete by Oct. 15, says Canadian Press. Donald Lee, chairman of the panel studying the developments, estimated the panel ha…
PRODUCER PRICES (May 31, 1993)
ALUMINUM: MW U.S. market US52.50-53.50 cents per lb. (May 13, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 26, 1993). BISMUTH: MW New York dealer US$2.50-2.70 per lb. (Mar. 26, 1993…
Cornucopia reviews Tonkin Springs
With Homestake Mining (NYSE) out of the picture, U.S. Gold (NASDAQ) has signed an agreement giving Cornucopia Resources (TSE) an option to acquire a 55% interest in the Tonkin Springs mine and mill in…
PEOPLE — CUMBERLAND RESOURCES (May 31, 1993)
Terry Chandler appointed vice-president, corporate development.
PEOPLE — RADCLIFFE RESOURCES (May 31, 1993)
Richard Pearson assumes presidency; Donald Lyons appointed director.
COMMENTARY — Encouraging rough diamond signs
Initial signs (from the rough diamond market) for 1993 are encouraging. The two opening sights were acknowledged officially to be good (and were substantially higher than those of 1992). The March sig…
ODDS’N’SODS — High-rolling miners push their luck in Reno
Some time ago, I was surprised to read in the Miner that my good friend and client Charlie Robbins had passed away. The news recalled to my mind the following story which will not surprise anybody fam…