Metal prices in sharp decline
The metal and mineral sub-index of Scotiabank’s commodity price index suffered another sharp decline in November. After improving earlier in the year, the sub-index has fallen below the previous low i…
News
METALS MARKETS — Metals markets in unsettled state
World trade in metals continues to be disorderly. Potential mining properties are being placed on hold because of declining markets and onerous government approval regulations. Returns on existing pro…
PRODUCER PRICES (December 28, 1992)
ALUMINUM: MW U.S. market US54-55 cents per lb. (Dec. 11, 1992). 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. (Jun. 11, 1992). CA…
School of Mines in Haileybury marks 80th year
A dinner was held recently to commemorate the 80th anniversary of the Haileybury School of Mines in Haileybury, Ont. Among the 90 participants was guest speaker John Gammon, assistant deputy minister …
Industry’s future focus of symposium
The eighth Mineral Economics Symposium, titled Mining 2001 — A Canadian Odyssey, is set for Jan. 21 in Toronto. Organizing the symposium, which is dedicated to those concerned about where the industr…
Nahanni share exchange cancelled
A deal whereby three major shareholders in Nahanni Mines (TSE) had agreed to sell W.F. Christensen, president of Lytton Minerals (TSE), 1.5 million Nahanni shares has been cancelled. Under the agreeme…
Coleraine negotiates ferrochrome deal
An agreement to produce ferrochrome in Quebec is being negotiated with Ege Metal Endustrie A.S. of Turkey, Ressources Minieres Coleraine (ME) reports. A large producer of chromite, Ege is a consortium…
Int’l Platinum, Swansea funding
A letter of intent for the placement of $7.2 million involving a convertible debenture has been received from foreign investor institutions, International Platinum (TSE) and Swansea Gold Mines (CDN) r…
Bougainville mine could be reopened
The recently elected prime minister of Papua New Guinea, Paias Wingti, has predicted that the 180,000-tonne-per-year Bougainville copper mine will be reopened within 12 months at a lower cost than pre…
U.S. ROUNDUP — Offer received for Golden Summit
An undisclosed senior mining company is proposing to further develop the Golden Summit property being explored by Freegold Recovery (VSE) near Fairbanks, Alaska. Freegold management expects to release…
U.S. ROUNDUP — Wharf assesses mine acquisition
Following completion of a detailed assessment of the Golden Reward mine near Lead, S.D., Wharf Resources (TSE) says it has identified the mine’s most pressing needs: — capital — the mine does not ge…
Drilling begins at Murray Brook
Drilling is under way at the Murray Brook property in northern New Brunswick, NovaGold Resources (TSE) reports. Operators of the program are Arimetco International (TSE) and Breakwater Resources (TSE)…