Funds available for granite plant
Ontario government funding totaling $1.2 million has been awarded to Malette Granite of Iroquois Falls to help establish a granite processing plant and to hire and train employees. A $500,000 term loa…
News
NEWS IN BRIEF (November 21, 1994)
Lodestar Explorations (LSI:VSE) has changed its name to Precision International Resources (PLO:VSE) on a 1-new-for-5-old-share basis.
Canarc drilling returns gold values
Toronto-listed Canarc Resource is pleased with drill results from its Polaris-Taku property in northwestern British Columbia. Initial results are all from the C Vein, including on-strike stepout holes…
PRODUCER PRICES (November 21, 1994)
ALUMINUM: MW U.S. market US90.5 cents-91.5 per lb. (Nov. 3, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)….
Decline under way at Pend Oreille
Junior RFC Resource Finance (TSE) continues to drive a decline at the Pend Oreille base metals deposit north of Spokane, Wash. The decline will provide a drill platform to explore for extensions of th…
STOCK MARKETS — Western markets consolidate as indexes drop
Western markets continued to consolidate during the report period ended Nov. 15, with both the Vancouver Stock Exchange resource and composite indexes touching new lows for the year. The composite ind…
Toronto Stock Exchange Indices (November 21, 1994)
— 1994 — Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 High Low Composite”300″ 4168.92 4177.19 4170.68 4179.19 4191.38 4609.93 3518.31 Metals&Minerals 3953.87 3949.45 3906.09 3901.51 3923.05 4289.04 3273.56 Int…
Anvil Range to fight suit
Court action against Anvil Range Mining will be defended, the company says. A merchant banker, Koloshuk Farrugia Corp., launched a $10-million lawsuit against Anvil Range, claiming it had been left ou…
Roaster fire erupts at Newmont mine
A fire has caused the temperary closure of Newmont Gold’s (NYSE) refractory ore treatment plant near Carlin, Nev. The fire erupted in the electrostatic precipitator. A portion of the plant was undergo…
Metal Prices — London Metal Exchange (November 21, 1994)
Spot closing prices in $US per tonne Date Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 Copper 2772-2773 2781-2782 2725-2726 2695-2697 2672-2673 Lead 672-673 666.5-667.5 664-665 667-668 664-665 Zinc 1164-1165 116…
Armada financing Siberian work
Alberta-listed Armada Gold has closed the first of a 2-staged financing, with gross proceeds exceeding $2.1 million. The company issued more than 4.2 million shares priced at 50 cents each in the firs…
Inco to expand Indonesian operation
Responding to the growing demand for nickel in the Far East, Inco (TSE) has decided to expand its production facility in Indonesia. The plan, estimated to cost US$500 million, calls for Inco’s 58%-own…