Inco shuffles top executives
As part of several changes in the executive ranks at Inco (TSE), Donald Phillips will step down as president of the company and continue as chairman and chief executive officer. Michael Sopko, 52, wil…
News
Metal Prices Spot prices at a glance
Week’s Price (US) Change Gold* $363.75 – $ 3.30 Silver* $ 3.70 – $ 0.02 Platinum* $388.00 + $ 4.75 Nickel** $ 3.98 + $ 0.01 Lead** $ 0.27 0.00 Copper $ 1.13 + $ 0.03 Zinc* $ 0.54 0.00 Courtesy of Scot…
Indonesia coal
Indonesia is merging its two state-owned coal companies. The new outfit will be called PT Bukit Asam. In 1990, total coal production in the country, by state and private companies, was about 13 millio…
TORONTO STOCK EXCHANGE INDICES (February 25, 1991)
Feb 19 Feb 18 Feb 15 Feb 14 Feb 13 HIGH LOW Composite”300″ 3530.94 3532.54 3506.55 3492.25 3519.24 4009.47 3009.91 Metals & Minerals3220.08 3224.35 3177.95 3166.28 3203.39 3453.06 2502.63 Integrated M…
Results awaited from Gold Basin
Project operator Consolidated Rhodes Resources (VSE) has completed 12 reverse circulation drill holes on the Gold Basin gold property in Arizona. The company has an option to earn a 50% interest in th…
Bougainville mine may be reopened
Bougainville Copper, a unit of RTZ Corp (NYSE), reported a loss of A$19.8 million for the year ended Dec. 31, 1991, compared with a loss of A$30.1 in 1989. Operations at the company’s copper mine on B…
Sikaman sells Bogosu interest
In order to pay down short-term debt, Sikaman Gold Resources (TSE) has accepted an offer from Billiton B.V. to sell its 14% interest in the Bogosu gold project in Ghana. Billiton, which already holds …
New exploration grants announced
The northern Ontario communities of Atikokan, Manitouwadge and the Beardmore-Geraldton-Longlac-Nakina area have been designated for assistance under the Ontario Mineral Incentives Program (OMIP), prov…
METAL PRICES FREE MARKET (February 25, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 19 Feb 18 Feb 15 Feb 14 Feb 13 Copper 1285-1290 1262-1263 1240-1242 1224-1226 12…
LETTERS TO THE EDITOR One spoke that started the Noranda wheel
I have read with interest the profiles of people who have been inducted into the Canadian Mining Hall of Fame (T.N.M., Jan. 14/91) since it started in 1989. There have been hundreds of people involved…
OBITUARY Marcel Konings
Marcel Konings, Holland-born geophysicist, died recently in a car accident in Zimbabwe. He was 39. Holder of a B.A.Sc. degree from the University of Toronto, Konings specialized in geological engineer…
Vancouver Stock Exchange Eurus and Thios results disappoint
Although the Vancouver Stock Exchange’s composite index remained virtually unchanged at the 524-level, the resource index did an about-face during the week ended Feb. 19, dropping 27.46 points to 557….