Iron oxides provide color
The Western world consumes annually more than 500,000 tons of iron oxides worth more than US$650 million, says consulting firm Intertech Conferences. About 60% of iron oxides produced worldwide are co…
News
EDITORIAL PAGE — A year to remember?
There’s no doubt that 1992 has been an excellent year for some, such as Canada’s diamond explorers, but won’t be so fondly remembered by others who need only mumble annus horribilis to make their feel…
LETTERS TO THE EDITOR — Investors favor rigorous
This geologist commends periodic attempts by The Northern Miner to give a more complete picture of why the mining industry is in such a depressed state these days. Government policies have contributed…
Goldstream keeps Bethlehem in black
The continued successful operation of the Goldstream underground copper-zinc mine near Revelstoke, B.C., helped 50% owner Bethlehem Resources (TSE) report net earnings of $669,000 for the third quarte…
TSE Short Positions (December 28, 1992)
Semi-monthly reports as of Dec. 15, showed 34,511,097 shares of 582 issues compared with 35,033,669 shares of 561 issues on Nov. 30. Larger individual positions included: Amer. Barrick 101,474, down 8…
SEG, NWT in property deal
Montreal-based SEG Exploration (ME) has agreed to option nine unpatented claims in Elmhirst Twp., north of Beardmore, Ont., from NWT Copper Mines (CDN). An exploration program conducted by Chestervill…
STOCK MARKETS — Venezuelan property deals lift juniors’
Western markets finished the week ended Dec. 23 little changed with the Vancouver Stock Exchange composite index finishing up less than a point at 605.38, while the resource index lost 11.74 points at…
Metal Prices — FREE MARKET (December 28, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec. 22 Dec. 21 Dec. 18 Dec. 17 Dec. 16 Copper 1464-1465 1428-1430 1407-1408 1392-13…
Cheni may test Phoenix zone further
Underground drilling at the Lawyers property in north-central British Columbia has confirmed that the Phoenix zone is both open to depth and along strike to the east. Cheni Gold Mines (TSE), owner of …
U.S. ROUNDUP — Gold Express makes copper flat plans
Louisiana-based junior Gold Express (NASDAQ) is moving ahead with the financing of the US$50-million Copper Flat mine near Hillsboro, N.M. Mine construction is scheduled to begin in early 1993, with i…
LATIN AMERICA — Gold rush to Kilometre 88 district
An exploration boom in Venezuela’s Kilometre 88 district is expected to take on steam now that a growing number of companies have acquired concessions in the area. In late December, Mt. Grant Mines (V…
Miramar acquiring Cuban interests
Through an arrangement with Australian-listed Matlock Mining, Miramar Mining (VSE) reports the acquisition of an interest in the Hierro copper project and the Delita gold project in Cuba. Matlock hold…