FUTURES PRICES Metal Prices (February 01, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb — — 110.80 — Mar 103.80 …
News
Copper again led the way in 1987 B.C. mineral value
The value of mineral and petroleum products in British Columbia in 1987 rose to an estimated $3.4 billion, an increase of $184 million over the equivalent 1986 figure, according to the province’s depa…
Terra deals Camsell assets to Durga, for 30% interest
Alberta-listed Durga Resources has signed a letter of intent to acquire all of Terra Mines’ interest in the Camsell River area of the Northwest Territories. The Camsell properties include a high grade…
METAL MARKETS Silver acting more like a base metal?
While many investors would tie the price of silver in with the up-and-down (of late) performance of gold, at least one analyst is making a case for lumping the precious metal in with what has been hap…
Editor’s note CHANGING CLIMATE
Ever since the recession of 1981/82, the phrase “lean and mean” has been bandied about by managers like an incantation against evil spirits. And if the mine managers weren’t working at becoming lean a…
Chelsea plans to double production by year-end
Only 1,000 oz of the yellow metal have been poured at the Spotted Horse mine in Montana. But already, the managers of Chelsea Resources, the Vancouver-based company that owns and runs the mine, is pla…
Opawica sues Falconbridge over Lac Shortt mine
Opawica Explorations has issued a statement of claim in the Supreme Court of Ontario against Falconbridge Ltd. and Minnova Inc. claiming, among other things, an accounting, damages and the reconveyanc…
Bresea begins drilling
A $500,000 diamond drilling program has begun on property held by Bresea Resources in the Casa Berardi area of Quebec. The drilling is a follow-up to two years of surface exploration which included 30…
Books (February 01, 1988)
The Korean Mineral Market: Opportunities and Marketing Strategies for Canada by O. Yul Kwon. Monograph No 19, 177 pages, $15(C) plus 15% postage/handling. Queen’s University, Kingston, Ont. K7L 3N6. …
Goldbrook going underground on Wood Mountain project
Following the completion of an underground exploration program, Goldbrook Explorations hopes to have its Wood Mountain property in production by 1990. Located in the Gold Hill area, eight miles northw…
Giant Bay plans acquisition of TRennessee group
Concerned about near-term cash flow from its bioleaching division, Vancouver- based Giant Bay Resources has concluded a memorandum of agreement to acquire the Banco group of companies of Nashville, Te…
On the Move (February 01, 1988)
Judith Erola has been elected a director of Inco Ltd. She is president Pharmaceitical Manufacturers Association of Canada and served as federal mines minister in the early 1980s. A new reorganization …