Stainless steel growth boosts chromium
The strong growth in stainless steel applications has nickel producers smiling, but it’s good news for chromium producers too. Chromium consumption rose 30% in 1988 compared with the previous year. Th…
News
Cross-Cuts NASA MINES LTD.
It now lies within the realm of possibility, if not probability, that by early in the next century geologists will be chipping at rocks on the surface of the moon in a serious mine-finding effort. Moo…
Acadia buys Guinness
Acadia Mineral Ventures (TSE) has acquired a 60% equity interest in Guinness Gold Resources (ASE). Under the terms of the agreement, Acadia will transfer its interest in several claims in New Brunswic…
Maintenance REMOTE CONTROL
Climatic extremes and remoteness make mining in the subarctic a costly business. Mine managers must be tight-fisted to keep a lid on costs and ever vigilant so that facilities aren’t suddenly idled be…
Metal Prices (May 01, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 25 Apr 24 Apr 21 Apr 20 Apr 19 Copper 1800-18…
Athabaska Increases Reserves at Nicholas Lake
Recent drilling by Athabaska Gold Resources (VSE) has boosted probable and possible reserves at the Nicholas Lake gold project near Yellowknife, N.W.T., to an estimated one million tons grading 0.32 o…
INSIDER TRADES (May 01, 1989)
Acadia — W. Beach bought 73,500 (Apr., private @ 62 cents to hold 88,162. Canacord — M. Pezim bought 149,500 (Mar., private) @ 29 cents to hold 149,500. Prime Capital bought 492,500 @ $1.36 to hold…
BP Canada’s mining success stems from solid exploration
At a time when several oil and gas companies have shed their mining assets to concentrate on core petroleum businesses, BP Canada Inc. (TSE) remains an exception to the trend. Mining continues to be a…
Vancouver Stock Exchange Gains small on a sluggish market
Low gold prices, high interest rates, brokerage month-end and general pre-budget jitters were keeping investors on the sidelines here at press time, as was the case in most equity markets in Canada. A…
Partners terminate option on Interlake’s Hemlo play
A chapter in Hemlo history appears to have come to a close. Teck Corp. (TSE) and Hemlo Gold Mines (TSE) have terminated their option to earn a 100% interest in several key claims owned by Internationa…
Denison committed to uranium
Shareholders of Denison Mines (TSE) heard a familiar story at the company’s annual meeting in Toronto recently. More than 400 shareholders filled the concert hall of Toronto’s Royal York Hotel to hear…
TURNAROUND
Not one but two unmanned security huts greet visitors arriving at Placer Dome’s Endako molybdenum mine, the last one proclaiming: “All visitors report here.” It too is empty, but at least it has a tel…