PRODUCER PRICES (November 23, 1992)
ALUMINUM: MW U.S. market US52.25-53.00 cents per lb. (Nov. 5, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992…
News
U.S. ROUNDUP — Remediation plan for Asarco plant
An agreement on a proposed remediation plan for the 106-year-old Globe metals processing facility and surrounding areas has been reached with the state of Colorado, Asarco (NYSE) says. Asarco would un…
Mineral industry must be aggressive agenda-setter
Participants at a recent seminar hosted by the Centre for Resource Studies in Toronto were told the Canadian mining industry must become an agenda-setter rather than an agenda item if it wants to main…
Lyndex raises exploration funds
Lyndex Exploration (CDN), which has raised $200,000 via a private placement of 1,000,000 treasury shares on a flow-through basis, is embarking on an exploration program in Ontario’s Timmins Kidd Creek…
Rhonda, Aaron secretive about plans
Joint venture partners Rhonda Mining (ASE) and Aaron Oil (ASE) may or may not have started to drill-test a diamond target this month on their Fort a la Corne property near Prince Albert, Sask. Peter G…
MINER BRIEFS — Transpacific debt
Transpacific Resources (TSE) says it is carrying out a restructuring under which its approximate $6-million debt will be converted to equity. The company has plans to commercialize its patented techno…
MINER BRIEFS — Aluminum smelter
Joint venture partners SNC-Lavalin of Montreal and Johannesburg-based Engineering Management Services say they will join with Alusaf Ltd. to construct the world’s largest aluminum smelter ever built a…
MINER BRIEFS — Peat transaction
Peat “T” Inc. of Edmonton says it has agreed to purchase the working assets of North Star Peat, an Edmonton-based company which harvests, processes and markets peat, by the end of 1993. Peat “T” says …
NEWS IN BRIEF (November 23, 1992)
Greyhawk Resources Ltd. (GHK:VSE) has changed its name to GHK Resources Ltd. (GKS:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Pacific Corp. Trust.
Cyclone samples Somerset claims
The first four samples taken from outcropping kimberlites on Cyclone Capital’s (VSE) Somerset Island claims in the Northwest Territories have been crushed, concentrated and will be sent to John Gurney…
STOCK MARKETS — Commonwealth trades heavily on news of
Diamond fever sparked a feeding frenzy on western markets during the week ended Nov. 17, helping to boost the Vancouver Stock Exchange resource index by more than 20 points to the 570 level and the co…
Price plunge may trigger more Inco cuts
If the nickel market continues to deteriorate, further production cuts could be in store at Inco’s (TSE) operations, says Chairman Michael Sopko. “We cannot carry the rest of the industry,” he told an…