METALL MINING
For 9-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 (6 months ended Sept 30) Assets $483.0 $450.0 Long-term debt $18.8 $18.8 Revenue N.A…
News
Analysts’ Comments (January 30, 1989)
Record high metal prices made Falconbridge Ltd. (TSE) a prime takeover target in 1988, and if a bidding war ensues, it could give the nickel miner’s stock some upside potential, according to Toronto a…
Cominco on straight, narrow
Among the hardest hit during recession was the base metals sector in which a few commodities have yet to recover. And not surprisingly, its impact was totally indiscriminate, crippling both the small …
Mining deaths hit record low in 1988
1988 has set a new record low for mining fatalities ever recorded in the United States says the Mine Safety and Health Administration (MSHA) recently. A total of 100 mine fatalities in 1988 is a decli…
FALCONBRIDGE LIMITED
For 9-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 Assets $2,540.4 $2,457.8 Long-term debt $907.1 $825.8 Revenue $1,465.6 $905.9 Earnings (…
Dolly Varden has funding agreement
A funding agreement has recently been arranged between Yorkton Securities of Toronto and Vancouver-listed Dolly Varden Minerals (VSE). Under the agreement, Yorkton will provide for the distribution to…
CIM Symposium
The Hydrometallurgy Section of the Metallurgical Society of CIM is sponsoring an International Symposium on Electrometallurgical Plant Practice in Montreal, Que., on Oct 21-24, 1990 at the Le Grand Ho…
Nickel a new aspect to Hudson Bay’s long history
The president of Hudson Bay Mining & Smelting (TSE), Lloyd Nilsen, runs the safest nickel- mining company in the country. Safe from takeovers, that is. His company’s 813,267 common shares (as of Decem…
Value of output from metal mines up 26% in 1988
Canadian total metallic mineral output in 1988 increased in value by 25.8% to $13.8 billion from $11.0 billion according to a recent estimate by the department of Energy, Mines and Resources. The grea…
Quarry operator part of Asarco
A subsidiary of Asarco Inc. has purchased a limestone quarry operator in Virginia. The wholly-owned subsidiary, American Limestone, paid about $2.1 million(US) for Acme Stone, whose quarry is located …
First CEIP applications expected this spring
The first applications to the Canadian Exploration Incentive Program (CEIP) are being expected by late April, Peter McLean, Director of CEIP says. The applications will mark the beginning of the new e…
Placer Dome has 3 gold mines to open in 1989
In Canada and increasingly abroad, Placer Dome (TSE) is viewed with a certain amount of reverence — and probably with good reason. Over the years, it has managed to identify, develop, and turn a prof…