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…
News
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…
Freewest reserves explanding _ New figure out soon
Partners Noranda (TSE) and Freewest Resources (TSE) are likely to announce a major increase in reserves soon for the Lightning gold zone on their Holloway project near Matheson, Ont. At the beginning …
LETTERS TO THE EDITOR Moose leads Ontario prospectors to gold
The picture shows three prospectors and a moose; from left to right, Myron Nelson, the moose, Nolan Cox and me. The moose, born and raised on the Beardmore-Geraldton gold belt in northwestern Ontario,…
EDITORIAL PAGE Let operators decide
“When the Sullivan lead-zinc mine in Kimberley, B.C., was closed, British Columbia’s Energy Minister Jack Davis was very disappointed. Seeking an explanation of the company’s terse, two-paragraph anno…
Minnova combines with Orex on Goldboro exploration play
Having recently settled a legal dispute, Exploration Orex (ME) says it has entered into an option agreement with Minnova (TSE) covering exploration and development of the Goldboro gold project in Nova…
U.S. projects boost reserve estimates
A number of new mines opened in the southwestern U.S. during the past year. At the same time, a few exploration bets proved up to be substantial mineral deposits. For example, Crown Butte Resources (T…
Indians’ control of land will frustrate development
Is there any future for resource development in Ontario? The federal and Ontario governments, for example, have signed an interim agreement with northern Ontario Indians that gives tangible recognitio…