Metal Prices FREE MARKET (January 07, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 1 Dec 31 Dec 28 Dec 27 Dec 26 Copper N/A N/A 1328-1330 1339-1340 N/A Lead N/A N/…
News
Editorial Mining will survive this recession, too
Old ideas die hard, and one that seems to be taking an inordinate amount of time on its way to the grave is the idea that mining is a dying industry. Remember the “Death of Mining” headlines in the ea…
BOOKS IN REVIEW Guide to international miners
A guide to the international mining community, Mining 1991 is a useful source for those with a global outlook. This annual lists more than 700 public, state-owned and privately held companies, with ad…
Brinco completes acquisition
With the tender of 97.4% of the outstanding shares of Western Canadian Mining, the company’s major shareholder, Consolidated Brinco (TSE), can proceed with its reorganization plan. Shareholders were o…
METALS PRICES PRODUCER PRICES (January 07, 1990)
ALUMINUM: MW U.S. Market US70.25- 71.75 cents per lb. (Dec. 20, 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). C…
Goldteck served Ministry notice
The Ontario Ministry of the Environment recently served Goldteck Mines (TSE) and two of its officers with a notice of its intention to ask the company to take certain steps relating to the overflow of…
Asarco provides Missouri grant
A US$150,000 grant over a 5-year period is being provided by Asarco (NYSE) to the University of Missouri-Rolla School of Mines and Metallurgy to establish the Asarco Endowment Fund. The fund will be u…
Vancouver Stock Exchange Star performers of the year
The past year was a cruel one for the Vancouver Stock Exchange as the Composite Index plunged 26% to 527.37 from its year-earlier level of 713.71. The high and low for the period were 802.20 and 505.8…
Freeze-up enables Wisconsin drilling resume
At least three drill programs are scheduled to get under way along the Rhinelander-Ladysmith greenstone belt of northeastern Wisconsin this month as explorers take advantage of winter freeze-up in the…
NEWS IN BRIEF Can-Ex Resources Ltd.
Can-Ex Resources Ltd.(CXZ: VSE) has changed its name to Kintana Resources Ltd. (KIN: VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Central Guaranty Trust…
NEWS IN BRIEF Kerr shareholder
A minority shareholder of Kerr Addison Mines (TSE), the Ontario Municipal Employees Retirement Board, has increased its stake in Kerr to about 13.6% (about 2.4 million common shares) through the acqui…
Chutine funding
Chutine Resources (VSE) says it raised almost $853,400 through two private placements. The company sold about 2.3 million units at 37 1/2 cents per unit. Each unit comprises one common share and one n…