Comrades trading in commodities
A commodities exchange recently opened in Moscow, the first such facility in the Soviet Union since the Bolshevik Revolution of 1917. The new Moscow exchange, modelled after the Chicago Mercantile Exc…
News
Copper consumption is forecast to rise
Global copper consumption is forecast to rise by 1.4% per year until the year 2000, says marketing information firm Roskill of London in its report The Economics of Copper 1990. The most important iss…
Aur, Louvem await exchange approval
An agreement that settles all of the litigation surrounding the Aur Resources (TSE), Societe Miniere Louvem (TSE) massive sulphide discovery, was expected to close three days behind schedule, Sept. 27…
U.S. REPORT Fleck’s Dunka Road gets further financing
The Dunka Road copper-nickel deposit in Minnesota will undergo further exploration following a joint venture agreement between Fleck Resources (VSE) and Nerco Exploration, a division of Nerco (NYSE). …
Pacific Sentinel focus on Arizona
Senior directors of Continental Gold (TSE) are turning their attention to new opportunities now that Placer Dome (TSE) has confirmed an offer to buy all Continental shares. The major will end up with …
Copper prices expected to fall
An informal survey by the American Copper Council indicates copper industry executives are more bearish on copper prices than bullish. Delegates to a recent New York hedging seminar were polled on the…
Dingman signs Soviet joint venture deal
Following a joint venture agreement between Dingman Industries (ASE) and Soviet mining giant Glavalmazzoloto, Dingman will become one of the first Canadian mining companies to enter into the Soviet go…
More public education needed on industry, the environment
Environment and the mining industry was one of several topics touched on by Corona (TSE) President Peter Steen when he addressed a recent district meeting of the Canadian Institute of Mining, Metallur…
Silver zinc values found at Lenora’s Yukon bet by GSC
The discovery of economic silver, lead and zinc values on a 64-claim Yukon Territory’s property, owned by Greater Lenora Resources (TSE), was reported recently. Situated 7.5 miles south of the Robert …
U.S.REPORT Gold Express seeks to reopen Copper Flat
If financing can be arranged, Gold Express (NASDAQ) has plans to bring the Copper Flat mine back into production. It is in Sierra Cty., N.M., and owned 100% by Gold Express. Copper Flat hosts reserves…
Nova Scotia govt. drilling on Coxheath’s Tangier mine
A 4,000-ft. drill program designed to test for extensions of a high grade zone at Coxheath Gold Holdings’ (TSE) Tangier gold mine in Nova Scotia got under way recently. Coxheath was forced to shut the…
EDITORIAL PAGE A taste for gold
The affluent Japanese community is developing a taste for gold. In March, one department store began offering a $340 cup of coffee brewed with Blue Mountain beans and mineral water, sprinkled with gol…