Metal Snips (February 29, 1988)
World crude steel output rose to 734.7 million tonnes in 1987, 2.7% above the tonnage produced in 1986, according to preliminary figures issued by the International Iron and Steel Institute.
News
Westar seeks debt relief, along with higher prices
Calling himself an “eternal optimist,” Westar Mining President Peter Dolezal is confident the coal company’s problems will be turned around. The problems, he says, are threefold. Coal prices are too l…
Letters to the Editor Cominco’s smelter means U.S. jobs
Recent press reports have wrongly portrayed Cominco’s large zinc-lead-fertilizer complex at Trail as a threat to employment in Montana and Idaho (N.M., Feb 1/88). The reverse is true. Cominco’s smelte…
Montreal Exchange: Freewest options bet
Montreal junior Freewest Resources has struck a deal with an Australian mining firm. A subsidiary of “down under” company Ashton Mining has acquired an option from Freewest to earn a 65% interest in t…
N ovaGold, Northumberland to merge
Two junior Nova Scotia gold explorers are planning a big Maritime wedding.Presidents Gerald McConnell, a Halifax lawyer, and geologist Dr William Young of Toronto, have agreed to amalgamate their tw…
Abitibi Metals confirms down-dip extension
Two additional holes drilled in the vicinity of hole 87-15 have confirmed the down-dip extension of a gold-bearing zone discovered at the Jolin property in Carpentier Twp., 55 km northeast of Val d’Or…
First Toronto to amalgamate with Westray
Plans to merge First Toronto Capital and Westray Mining have been announced, with the president of Pamour Inc., Clifford Frame, to become the new company’s chairman. First Toronto is a merchant bankin…
Tangled Canacord web involves Pioneer, Prime
Vancouver stock promoter Murray Pezim has told The Northern Miner that his merchant bank, Prime Capital, may be interested in acquiring Pioneer Metals. Such a move could facilitate an attempt by Pione…
Letters to the Editor Flew with Fecteau
I enjoyed the article on Arthur Fecteau in the Feb 1 issue of The Northern Miner. It was accurate and revealing. I flew extensively with various air transport companies out of Rouyn, Senneterre and th…
Win-Eldrich resumes work on Nevada gold property
Win-Eldrich Mines has completed a preliminary feasibility study on its Ashdown gold property in Nevada and plans to start a 5,000-ft reverse circulation drilling program before the end of February. Re…
Vancouver Stock Exchange First quarter is normally slow
The first quarter is generally slow in Vancouver and this year is no exception. Weaker gold prices have compounded the situation further, but even at these levels producers can still make a tidy profi…
Student competition
Quebec mining group Vior- Mazarin and Les Affaires newspaper have organized a competition for geology students in Quebec studying at the university level. Students, working with an imaginary budget of…