International meet on biohydromet
An international symposium on biohydrometallurgy, jointly sponsored by the United States Department of Energy and canmet, was staged recently in J ackson Hole, Wy. Some 278 registrants participated fr…
News
Lencourt seeks financing for African acquisition
Since signing an option agreement to acquire a mining company in Zaire, Africa , Lencourt Ltd (TSE) has been working to complete a due diligence examination of the company’s assets and to arrange the …
Ministers can’t guarantee MDAs
The future of Mineral Development Agreements (MDAs) is far from assured following the 46th annual Mines Ministers conference held here recently. Federal Mines Minister Jake Epp, who co-chaired the con…
INSIDER TRADES (September 11, 1989)
Black Cliff — M. Au sold 189,000 (Aug., private) @ 20 cents to hold 87,500. Brewbac — N. Brewster sold 23,621 (July) @ 10 cents to hold 38,592. Cane — Jonpol bought 40,000 (July) @ 9 cents -10…
Louvem seeking $83 million in damages from partner Aur
Just as they were preparing to go home for the recent Labor Day long weekend, employees at Aur Resources’ (TSE) Val d’Or, Que. exploration office found themse lves facing a law suit from Societe Minie…
METAL PRICES PRODUCER PRICES (September 11, 1989)
ALUMINUM: MW U.S. Market US82.00 cents – 84.00 cents per lb. (Aug 24, 1989). ANTIMONY: New York dealer US90 cents -95 cents per lb. (Aug 10, 1989). BISMUTH: New York dealer $4.70-$4.85(US) per lb. (A…
Gold/copper values encourage Fancamp
A copper/gold discovery, which may be related geologically to some of the established producers in the Chibougamau, Que., region, was reported re cently on Fan camp Resources’ (VSE) Lemoine Twp. claim…
Ego drill results spark trading spree
A recent trading spree involving the shares of Ego Resources (TSE) has been attributed by the company to drill results released this week from its BB Lake zin c property in the Northwest Territories….
North American gold companies to become million-oz producers
Two North American mining companies, and possibly a third, are set to enter the million-ounce club this year. Placer Dome (TSE), which traces its current size back to a 1987 amalgamation, will turn ou…
Glencairn gets funds for diamond property
A $1.32-million(US) financing agreement to develop a diamond property has been finalized between Glencairn Explorations (ASE) and Banco Multiplic SA, a Brazilian affiliate of Lloyds Bank. About $700…
Amax bows out of takeover fight for Falconbridge
Unless a third party comes forward or bidder Amax Inc. (NYSE) has a change of heart, it appears Noranda Inc. (TSE) and Trelleborg AB of Sweden will gain contr ol of nickel producer Falconbridge Ltd. (…
Granges boosts gold production in first half
Consolidated gold production for Granges Inc. (TSE) rose to 47,351 oz in the first half of 1989 from 25,687 oz in the comparable pe riod last year. The company reported consolidated gold production of…