Technology keeps platinum on a roller coaster
News that Japanese automaker Nissan has developed a platinum-free catalytic converter recently sent platinum futures prices in New York falling and palladium prices climbing. It was a brief market fl…
News
EDITORIAL PAGE Keeping secrets
Public companies have to walk a fine line when it comes to public disclosure. They want to keep existing investors up to date and attract potential investors with information about their current work,…
Hemlo mines pass their peak but years of production to go
After nearly a decade since their discovery, the three Hemlo mines are now passing their peak productive years. The Williams mine, owned 50-50 by Teck (TSE) and Corona (TSE), will post a production …
Alberta Stock Exchange Cheminis ready to roll
Up five cents to close at 70 cents for the week ended June 4, Northfield Minerals has started work at the Cheminis gold mine near Virginiatown, Ont., and expects to process its first ore within two mo…
Potash workers accept contract
Employees at Noranda’s (TSE) Central Canada potash mine recently voted 66% in favor of a new 2-year wage contract that provides for a 10.2% wage increase over the life of the contract. Set to expire A…
MVP offer to Swiss bondholders
Toronto-based MVP Capital (TSE) is preparing to make an exchange offer to European holders of 13.3 million Swiss Francs ($10.7 million) worth of secured convertible bonds. Assuming MVP can raise the n…
Falco to construct new SO2 plant
A liquid sulpher dioxide plant will be built at the Kidd Creek mine in Timmins, Ont., following an agreement between Falconbridge and Masulex, a major supplier of SO2 and sulphuric acid. Under the agr…
El Condor, Covenant complete purchase of Kemess property
The sale of Kennecott’s interest in the North and South Kemess properties is now complete with the payment of $3.5 million by El Condor Resources (VSE). El Condor now has a 100% interest in the North…
U.S. REPORT Placer drops Talapoosa
After completing a first-stage exploration program on the Talapoosa property owned by Athena Gold (VSE), a unit of Placer Dome (TSE) opted to drop the Nevada gold property. Placer had the right to ea…
METAL PRICES PRODUCER PRICES (June 10, 1991)
ALUMINUM: MW U.S. Market US59.25-60.25 cents per lb. (May 23, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.90-3.05 per lb. (May 23, 1991). CAD…
METAL PRICES FUTURES PRICES (June 10, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Jun 99.30 98.20 99.30 + 0.60 Jul 99.50 98.20 99.40 + 0.20 Aug …
METAL PRICES FREE MARKET (June 10, 1991)
London Metal Exhange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 4 June 3 May 31 May 30 May 29 Copper 1296-1298 1272-1273 1…