Metal Prices FREE MARKET (July 09, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 3 July 2 June 29 June 28 June 27 Copper 1495-1496 1497-1499 1533-1535 1474-1476…
News
Ireland bans mining on `holy’ mountain
The Irish government will prevent a small exploration company from mining gold on what is called a “holy” mountain in the south of Ireland. Although Burmin has a licence to explore for gold on the wes…
Vancouver Stock Exchange Gold no help to market
A move in the price of gold bullion to the US$362 level did not seem to help the Vancouver Stock Exchange’s Resource Index, the index dropping almost 15 points to close at 841.73 July 3. The Composite…
INSIDER TRADING Kaiser active buyer of Madeleine issue
As development activity continues at Madeleine Mines’ (TSE) Lac des Iles palladium/platinum project near Thunder Bay, Ont., one of the company’s biggest shareholders has been buying the stock. Accordi…
Cominco plans Snip startup Prime holds 40% interest
The go-ahead to develop the Snip gold deposit north of Stewart, B.C., has been given by operator and 60% owner Cominco (TSE). The balance of the project is owned by Prime Resources Group (VSE). Approv…
Production planned for Grand Teton
The first gold and silver dore bar was recently poured at the Adelaide Crown open pit gold mine in Humboldt Cty., Nev. The mine is operated by Gold King Consolidated (NASDAQ), which leased the propert…
FUTURES PRICES (July 09, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) July 115.90 114.20 114.40 + 6.05 Aug 114.90 114.05 114.10 + 6.50 Sept 114.80 112.90 113.10 + 6.25 SILVER (in US c…
The Advantages of O_2
Adding pure oxygen to a conventional cyanide leach circuit has several advantages. It reduces the consumption of cyanide, lime and lead nitrate; it reduces the requirement for compressed air; and it i…
Making Allowances
In almost every joint venture or other property acquisition agreement wheremoney is spent on exploration, development or other mining work, the operator is allowed to charge an allowance for overhead …
Motors Matter; ‘High-efficiency’ electric motors are not your run-
As custodians of a wealth of natural resources, Canadians are accustomed to plentiful, cheap electricity. We seldom worry about wasting it. But like communism in Eastern Europe, that attiutude is outd…
ANFO Still Reigns
The 1980s saw a consolidation of the explosives industry. Through mergers and acquisitions, three large manufacturers (ICI Explosives, ETI Inc. and Ireco) now dominate the Canadian underground mining …
The Northern Miner, July, 1940
CHINS UP “We shall never surrender,” declared British Prime Minister Winston Churchill. And never in all history has a more stirring battle cry gone out from the leader of a free people bent on the de…