Metal Prices PRODUCER PRICES (March 06, 1989)
ALUMINUM: MW U.S. Market 97 cents – $1.00(US) per lb. (Feb 16, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.40-$6.60(US) per lb (Feb 16, 1989)….
News
Westmin completes exploration tunnel
The driving of a 1.2-mile exploration tunnel on the Debbie and Yellow properties on Vancouver Island was completed by operator Westmin Resources on schedule. The tunnel will provide access for undergr…
Indonesian gold mining
The first of Indonesia’s new wave of gold mines has begun production in Central Kalimantan, and an Australian shareholder — lauding Indonesia’s investment climate — expects to recoup a $13.1-million…
Inco to spend $6.5 million at Snow Lake
A $6.5-million underground exploration program being conducted by Inco Gold, a wholly- owned affiliate of Inco Ltd. (TSE), on the former producing Snow Lake gold mine is yielding excellent results. Dr…
Reserve increase at Shoal Lake property
A significant increase in reserves at the Shoal Lake gold property west of Kenora, Ont., has been reported by Kenora Prospectors & Miners (COATS). According to KPM, a recently completed 13,129-ft dril…
Nelson conference
The Nelson Chamber of Mines and B.C. Geological Survey Branch will present the first Kootenay Exploration and Mining Conference April 13-15 in Nelson, B.C. Besides reviewing exploration activity and g…
Montreal Exchange Market indices droop
Mixed trading, in part the result of concerns over rising inflation, higher interest rates and relatively unexciting precious metals prices, saw the ME market portfolio dive more than 29 pts this week…
CEIP regulations get final approval
The final regulations needed to put the Canadian Exploration Incentive Program into effect have been approved by Ottawa. Information kits on the new program and how the regulations will be interpreted…
Dickenson, Kam-Kotia shares at centre of legal dispute
Two blocks of shares in Dickenson Mines (TSE) and Kam-Kotia Mines (TSE), the companies involved in a takeover bid by Corona Corp., have become the centre of a legal dispute. The shares in question — …
Queen’s University to administer mining research organization of
The Mining Research Organization of Canada (MIROC) and Queen’s University have entered into an agreement whereby, effective immediately, the administration of MIROC will be performed by the department…
TerraGold to explore Newfoundland claims
Following the completion of a preliminary prospectus, a new company called TerraGold Resources is gearing up to explore five mineral properties in Newfoundland and another in New Brunswick. TerraGold,…
Umex ponders its options
With nickel and copper prices continuing strong, Umex Inc. has been quietly re-examining the potential of its shutdown Thierry mine at Pickle Lake, Ont. Umex closed the low grade copper-nickel produce…