News

The Glenbrook Nickel, Buckhorn and Maria operations achieved a combined operating profit of $6.79 million for Cominco Resources International (TSE) in 1991. But after writing off abandoned properties …

The Argyle mine in western Australia, the world’s largest producer of diamonds, turned out a record production in 1991 of 35 million carats, Ashton Mining of Melbourne reports. Ashton, which has a 40%…

A recent drilling program by Minerex Resources (TSE) increased minable reserves at the Aurora Partnership gold mine near Hawthorne, Nev. The project is owned equally by Minerex and Electra North West …

A rights plan agreement introduced by Golden Rule Resources (TSE) in 1991 has been terminated by the company. President Glen Harper said the directors believed it was in the best interest of the compa…

Next month President Michael Spoko, 53, will succeed retiring Donald Phillips to become Inco Ltd.’s chairman and chief executive officer. Asked as to why he was chosen for the top job, Sopko replies, …

MINING AND MILLING Bolter/Screener Miller Technology has developed an improved bolter-screener that will get its first production workout in Falconbridge’s Craig mine. A joint effort with Getman Corp….

Copper prices remained relatively strong during 1991. Despite some weakening of demand and an increase in supply, the market was buoyed by the threat of serious supply disruptions around the world. Pr…

The Canadian economy entered 1991 in a recession that was already nine months in duration. In general, the economy was characterized by high unemployment, low consumer and business confidence, weak co…

Canada’s gold production, which increased rapidly during the 1980s, reached 5.7 million oz (177 tonnes) in 1991, compared with 5.4 million oz (167 t) in 1990. By comparison, production was 967,740 oz …

Western World demand for lead and zinc decreased in 1991. Zinc mine and metal production both rose from their 1990 levels, while lead mine output remained essentially unchanged and only a small fall i…

After a difficult year in 1990, the Canadian steel industry did not fully recover in 1991. At best, only eight blast furnaces were operating, compared with 10 as late as October, 1989. As a result, do…

The international aluminum industry faced one of its most difficult years in 1991. While Western World demand for aluminum increased slightly over 1990, increased world production along with increased…