ODDS ‘N SODS — Aaro Aho the undaunted Finlander
I have met and worked with many geologists during my tenure in mining. These much-respected professionals possess many outstanding characteristics, not the least of which is determination. One geologi…
News
METALS MARKETS — Metals markets poised for recovery?
Industrial metals markets declined worldwide throughout most of 1992 but steadied near year-end and increasingly appear poised for recovery in 1993. Metal prices and stocks are at levels that should e…
STOCK MARKETS — Market steady despite news about gold,
Despite a dip in the price of gold and disappointing results from the group of Northwest Territories diamond explorers, the Vancouver Stock Exchange remained little changed during the week ended Jan. …
PRODUCER PRICES (January 11, 1993)
ALUMINUM: MW U.S. market US57-58 cents per lb. (Dec. 25, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…
BHP ratifies Sutton option
Mining giant BHP Minerals International recently agreed to take up an option on the Kabanga and Kagera concessions in Tanzania from Sutton Resources (VSE). Under the terms of the previously announced …
Galleon, BMR in Madison deal
In an effort to attract a third party to further develop the Madison gold-copper property near Butte, Mont., owners BMR Gold (VSE) and Galleon Mining (VSE) plan to consolidate the holding. Galleon rec…
LATIN AMERICA — Jordex evaluates Anglo project offer
Management of Jordex Resources (TSE) is evaluating an offer from Anglo American of South America (AMSA) to acquire a majority interest in the Loma de Hierro laterite nickel deposit in Venezuela. The d…
Ontex raises exploration funds; court scheduled to hear
To raise funds for exploration on its Brookbank gold property near Beardmore, Ont., Ontex Resources (ASE) has reached an agreement-in-principle for a private placement of 500,000 units to a private co…
Echo Bay writes down investment in Kettle River mine
Denver-based Echo Bay Mines (TSE) says it will reduce the book value of its investment in the Kettle River gold property in Washington state and two exploration properties by a total of US$18.1 millio…
East West explores Quebec prospect
A program of grid cutting and electromagnetic (EM) surveys is under way on the Casa Berardi property of East West Resource (VSE) in northwestern Quebec. The company says that the EM surveys are being …
Cazador deadline is extended
A deadline to complete $400,000 of feasibility-related expenditures at the Keystone joint venture at Lynn Lake, Man., was recently extended to March 31, 1993, from the end of 1992. The deadline is par…
Aurex arranges financing for Chilean tailings project
A recently arranged private placement should give Aurex Resources (VSE) sufficient funds to complete a prefeasibility study on the Cauquenes tailings project in Chile. The placement, arranged through …