GUEST COLUMN — Nunavut looks to the future
A positive new investment climate is evident in the Northwest Territories now that the Inuit land claim has been settled. The negative attitude expressed by retired publisher emeritus M.R. Brown (“Car…
News
Asarco reports a loss after special charges
An after-tax charge of US$122.1 million pushed Asarco (NYSE) into a loss position for the year ended Dec. 31, 1992. The company reported a net loss for the year of US$83.1 million, or about US$2.01 pe…
Cutbacks at Falconbridge Gold
In response to depressed gold prices and increasing costs, Falconbridge Gold (TSE) announced it is planning cutbacks at both its Hoyle Pond and Bell Creek operations near Timmins, Ont. At the Hoyle Po…
Cabot becomes sole Tanco owner
Full ownership of Tantalum Mining Corp. of Canada (also known as Tanco) has been acquired by Cabot Corp. of Boston. Cabot, which owned a 37.5% interest in the Manitoba tantalum and lithium producer, a…
PRODUCER PRICES (February 15, 1993)
ALUMINUM: MW U.S. market US56-57 cents per lb. (Jan. 28, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…
Trio identifies targets at Rodeo
A number of deep drill targets were identified by Trio Gold (ASE) on its Rodeo Creek property on the northern portion of Nevada’s Carlin Trend, one mile northwest of the producing Dee gold mine. The t…
More about diamonds (February 15, 1993)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. — Aaron Oil (ASE) has terminated discussions with Monopros related to exploration on Aaron’s claims n…
Barrick announces record output, earnings for 1992
For the seventh consecutive year, American Barrick Resources (TSE) has posted record production and earnings. The company produced more than 1.3 million oz. gold in 1992 compared with 789,846 oz. in 1…
Focus on remediation
A short course, scheduled for March 21-22, will highlight advanced remediation technologies and case histories. Focus will be on solid and hazardous waste issues of the 1990s that involve the mining, …
Charges hurt Cyprus’ 1992 results
Special charges against 1992 earnings pushed Cyprus Minerals (NYSE) well into the red with a loss of US$333.6 million, or about US$8.46 per share. The loss resulted from special charges totalling US$4…
NO HEADLINE (February 15, 1993)
Several mining companies are gearing up to begin exploration programs on properties near the Pipeline gold discovery of Placer Dome in Crescent Valley, Nev. Noranda Exploration is about to begin, on b…
Mining and milling plans drawn up for South Pipeline
The South Pipeline deposit in Nevada’s Crescent Valley is now estimated to host a preliminary reserve of about 10 million tons grading 0.12 oz. gold per ton at a cutoff grade of 0.05 oz. gold. The est…