On the Move (October 03, 1988)
The new Komatsu Dresser Co. of Libertyville, Ill., has elected a 6-member management committee. They are: John Murphy, chairman, president and chief executive officer of Dresser Inc.; Masao Tanaka, pr…
News
Mishibishu area mines are all active
Although modern exploration interest in the Mishibishu area came about as a sort of `overflow’ from the Hemlo gold rush in the early 1980s, it was only until recent discoveries that major companies ha…
Golden Pond project success of Casa Berardi area
A discovery by Inco Ltd. (TSE) geologists in 1981 of a gold deposit lying about 60 miles north of La Sarre, Que., recently became a producing mine (Golden Pond East), a positive sign for the Casa Bera…
Kimex drilling
Two drill holes on property in Beauchastel Twp. in northwestern Quebec have intersected “very interesting copper values,” Kimex Resources (ME) reports. The property is located 15 miles west of Rouyn-…
`Internal rate of return’ one guideline for investment
Then comes the interesting part * * * an estimate will be made of what the annual revenue from a mine will be during production to pay for preproduction capital costs. This requires a forecast of what…
Spot prices at a glance (September 26, 1988)
Price (US) Change Gold (per oz) $401.60 -$20.30 Silver (per oz) $ 6.19 -$ 0.32 Platinum (per oz) $492.00 -$32.00 Copper (per lb) $ 1.11 -$ 0.02 Lead (per lb) $ 0.27 -$ 0.01 Zinc…
Correction (September 26, 1988)
Contrary to what was reported in The Northern Miner Sept 19, American Barrick Resources’ (TSE) new 4,500-ton-per-day Goldstrike mill will initially process ore from the high grade portion of some eigh…
Amca Turned Down on Lease Renewal
A proposal by Amca Resources (VSE) to extend the lease on its sole project, the Silver Cross property in Arizona, was recently turned down by the leasor. Amca held a 67.5% interest in the gold-silver …
Chromium, nickel and stainless steel
Demand for chromium and nickel remain strong, but the two metals, essential alloy constituents of stainless steel, have little else in common, writes Roskill of London in two new studies. Chromium hea…
Editorial Lost in the shuffle
Creating a federal ministry for housing is widely seen as a sop to Toronto’s voters, a gesture with little substance. Intended to show concern for city issues, many regard it as little more than a plo…
Minorco offers $6.6 billion for Consolidated Goldfields
Luxembourg-based Minorco has commenced what promises to be a titanic bidding war by announcing a $6.6 billion(US) offer for all the outstanding shares of Consolidated Goldfields of London. Minorco alr…
Letters to the Editor NovaGold’s fatal flaw
Leaving aside the negative impact of the Western Mining-Seabright Resources dispute, the dragged-out uncertainly over flow- through and the general skepticism over Nova Scotia gold prospects, the Nova…