EDITORIAL PAGE — Cutting court costs
Going to court is expensive. The parties involved have to pay the direct fees, which add substantially to the cost of doing business for the mining industry. There is no reliable estimate of the amoun…
News
Inco’s costs cause concern as nickel markets remain flat
Citing dismal prospects for the nickel market and Inco’s (TSE) high production costs, several analysts are issuing strong sell recommendations on shares of the world’s largest nickel producer. Indeed,…
LATIN AMERICA ROUNDUP — Minorca acquiring Mexican prospect
A letter of intent to acquire a 100% interest in the Oro Verde copper-gold-silver property in Sonora, Mexico, has been signed by Minorca Resources (VSE). The company says it must remit 175,000 shares …
Greenhills coal mine reopens
A buyer will be sought for the Greenhills coal mine in British Columbia’s Elk Valley which reopened in early September after an agreement-in-principle was reached among the British Columbia government…
PRODUCER PRICES (September 14, 1992)
ALUMINUM: MW U.S. market US59.60-60.10 cents per lb. (Aug. 27, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 199…
Reconnaissance program led to Ulu gold discovery
Diamonds are not the only mineral commodity of interest to BHP Minerals Canada in Canada’s richly endowed Northwest Territories. For the past several years, the company has been actively exploring its…
NEWS ROUNDUP — Good news from Battle zone stepout
The latest hole drilled by Westmin Resources (TSE) encountered 22.9 metres visually estimated to contain 2.5% copper and 18% zinc from the Battle zone discovery at its Myra Falls mine property near Ca…
United Reef soars on diamond play
Diamond fever has struck a dormant TSE-listed penny mining stock with a vengeance. United Reef Petroleums (TSE), which a few weeks ago sold at 2 cents a share, has soared to 42 cents on heavy volume, …
LATIN AMERICA ROUNDUP — Minproc facility for oxide ore
A wholly owned Chilean subsidiary of Minproc Engineers Inc. of Denver has been awarded a lump sum turnkey contract for the design and construction of an oxide ore treatment plant in the South American…
Musto explores Argentine deposit
Major companies are giving Argentina’s mineral potential a closer look now that a capitalist revolution has taken root in the South American country. But the first foreign company to begin a major min…
Majors drilling Gold Giant projects
Surface drill programs will be carried out this summer to test previously defined gold and polymetallic targets on the Nizi and Snoball properties in northwestern British Columbia. The program on the …
BOOKS IN REVIEW — Non-placer gold output levels off
Active Canadian Gold Mines. Published by Metals Economics Group. P.O. Box 2206, Halifax, N.S. B3J 3C4. 500 pages. US$1,600. Canada’s Non-placer gold output levelled off at five million ounces last yea…