Algoma to sell stake in Tilden iron mine
Algoma Steel Corp., a wholly owned subsidiary of steel producer Dofasco, is seeking a buyer for its U.S. coal and iron ore interests, including its 30% stake in the Tilden mine, a Michigan-based iron …
News
Cambior buying 50% stake in Sleeping Giant mine
As part of a growth plan designed to boost its Quebec gold production, cash-rich Cambior Inc (TSE) is picking up a 50% stake in the troubled Sleeping Giant mine of Aurizon Mines (TSE). The mine, which…
First Toronto meets with banker
Discussions are continuing between First Toronto Mining (TSE) and its principal banker concerning a restructuring of the company’s outstanding debt. First Toronto’s main subsidiary, Walhalla Mining, h…
EDITORIAL Slowing Soviet gold sales
The gold price strengthened a bit during the past week, and there are indications that it could bounce back even more in the near future. Perhaps the most important single factor behind the price incr…
EDITORIAL The clash of Titans
From the mucker to the mine manager, from the shift boss to the chief executive officer, there are probably more dynamic individuals in the mining business than any other. The industry is in the busin…
Rhodium price heads skyward
Investors waiting for a rise in the price of gold might want to turn their attention to an expensive member of the platinum group of metals. Rhodium, used mainly in the manufacture of catalytic conver…
Skyline shuts Johnny Mountain
After spending almost two years in a fruitless struggle to achieve profitability, Skyline Gold (TSE) plans to suspend mining operations this fall at its Johnny Mountain gold project in northwestern Br…
Last bauxite mines closed in U.S.
The last operating bauxite mines in the United States have been closed by Alcoa after 91 years of operation. The mines, situated near Little Rock, Ark., are adjacent to Alcoa’s Arkansas operations whi…
Metal Prices FREE MARKET (July 09, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 3 July 2 June 29 June 28 June 27 Copper 1495-1496 1497-1499 1533-1535 1474-1476…
Moss Lake tops list of Tandem`s projects
Despite the current difficult financing climate in the junior mine sector, Tandem Resources (ME) will be “very active” this year, President Stanley Hawkins told the annual meeting, with high interest …
Production planned for Grand Teton
The first gold and silver dore bar was recently poured at the Adelaide Crown open pit gold mine in Humboldt Cty., Nev. The mine is operated by Gold King Consolidated (NASDAQ), which leased the propert…
COATS (over-the-counter) Mount Wright wins NSR
After a 9-year legal battle, Mount Wright Iron Mines has finally won the proceeds from a 1% net smelter royalty on production from Exminesa’s Rubiales mine in Spain. A Spanish court has ordered Exmine…