People NERCO MINERALS
Clynton Nauman appointed vice-president of operations; Jason McKenzie appointed general manager of the Con mine succeeding Clynton Nauman.
News
NEWS IN BRIEF Int’l Precious Metals Institute
The International Precious Metals Institute (IPMI) will hold a seminar, Jan. 20-22, in Las Vegas, Nev., with Barry Davison as the featured speaker. Managing director of Rustenbury Platinum Mines, Davi…
Merger a possibility for Denison
The list of possible solutions to the financial problems facing Denison Mines (TSE) has been expanded to include a merger with another interested party, newly appointed President Bill James confirmed …
Majors vie for control of Eskay Creek
The Eskay Creek project north of Stewart, B.C., generated plenty of drama and intrigue during 1990 as it moved from an exploration project to a more advanced development stage. The cast of players inv…
Stratmin making rights offering
Montreal-based Stratmin (ME) is hoping to receive about $6 million from a rights offering. Holders of the company’s A shares, as of the close of business Dec. 19, will receive three rights for each sh…
Trimin share buyback stalled
A formal valuation of the shares of Trimin Resources (TSE) may be required before the company can proceed with a buyback offer for up to 2.2 million of its shares. The company applied to various secur…
Metal Prices FREE MARKET (December 31, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 25 Dec 24 Dec 21 Dec 20 Dec 19 Copper N/A N/A N/A 1315-1317 1288-1289 Lead N/A N…
LETTERS TO THE EDITOR Engineers deserve due regard for their know-
Were Mr. Smith a mining engineer, he would know that some mines can and do operate without concentrators. But no concentrator can operate without a productive mine not very far away. Indeed, a partial…
COATS (over-the-counter) Drilling near Card Lake
Drilling is scheduled to begin on a property adjacent to Card Lake Resources’ 5-claim package in Holloway Twp., Ont., at the beginning of January. Noranda will be testing the so-called Cadden claims f…
Falling metal prices hurt commodity index (December 31, 1990)
Hurt by declines in three of its four sub-indices, the all-commodity price index of Scotiabank fell by 3.6% in November compared with the previous month. The metals and minerals sub- index tumbled by …
METAL PRICES PRODUCER PRICES (December 31, 1990)
ALUMINUM: MW U.S. Market US69.25- 71.25 cents per lb. (Dec. 6, 1990). ANTIMONY: New York dealer US78-80 cents per lb. (Nov. 29, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CA…
Moss-Power picks up options on ground in Wisconsin belt
Options on 50,000 acres of ground along the Rhinelander- Ladysmith greenstone belt in Wisconsin will go to Moss-Power Resources (TSE), following an agreement between Moss-Power and Wisconsin Resources…