News

For the first time in almost a decade, The Iron Ore Company of Canada has scheduled downtime at its Labrador City operation because of weak demand for its products. About 1,500 workers were sent home …

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 28 July 27 July 24 July 23 July 22 Copper 1320-1321 1327-1328 1340-1341 1342-13…

Joint venture agreements between affiliates Golden Rule Resources (TSE) and Hixon Gold (VSE) have paved the way for further exploration on the Graveyard and Nation River projects in British Columbia. …

John McQuaid appointed president and chief executive officer.

ALUMINUM: MW U.S. market US59.50-60.00 cents per lb. (Jul. 16, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CA…

A 1,500-metre drilling program is being started by Teck Exploration on the Lac Marcaut property 130 km north of Matagami, Que., Fancamp Resources (VSE) reports. Peter Smith, president of Fancamp, whic…

The outlook for sustained production of many of Canada’s metals is gloomy, says a recent report by Energy Mines and Resources Canada. Seven metals — copper, nickel, lead, zinc, molybdenum, silver and…

The opportunity to secure control of the Izok Lake base metal deposit in the Northwest Territories was one of the main incentives behind Metall Mining’s (TSE) offer to purchase a controlling interest …

First closing for more than $1.5 million on a 10% convertible debenture was recently completed by Trillion Resources (ASE). The company says the funds will be used to complete its investment for a 50%…

This vast island, with its interior ice cap and coastal fringe of bare, prospective rock is open for business — the mine exploration business in particular. In co-operation with the senior Danish gov…

Keynote speaker at the Mining Industry Communications Workshop Oct. 20-22 at the Alexis Park Hotel in Las Vegas, Nev., will be Dixy Lee Ray. Her topic is “Speaking out on the environment.” Ray is a se…

The managing director of the Quebec Mining Association, Claude Drouin, will officially retire Aug. 31. Appointed to the managing director’s post is Dan Tolgyesi. Drouin, who has a doctorate in mining …