METAL PRICES — FREE MARKET (October 18, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Oct. 12 Oct. 11 Oct. 8 Oct. 7 Oct. 6 Copper 1679-1680 1684-1685 1673-1674 1674-1675 1672-1673 Lead 399-400 374-375 370-371 365-366 360-3…
News
Task force to review OSC’s policy-making powers
Ontario’s Ministry of Finance and the Ontario Securities Commission (OSC) are setting up a joint task force to review the OSC’s policy-making powers. The task force, which will consult with interested…
Haste, Murphy’s Law contributed to Summitville’s demise
Several post-mortems on the Summitville gold mine have concluded that its ultimate demise ensued from a cascading chain of smaller failures which began well before Galactic Resources (TSE) commissione…
Cyprus-Lac partnership wins bid for El Abra project
In the largest foreign investment project in Chile’s history, joint-venture partners Lac Minerals (TSE) and Cyprus Minerals (NYSE) have beat out eight competitors for the right to buy a 51% stake in t…
LETTERS TO THE EDITOR — Planned DHK bulk sample an
In “Economic pipes indicated at BHP-Dia Met project” (T.N.M., Sept. 27/93), you write of the BHP-Dia Met group’s apparent decision not to proceed with any further testing of the Point Lake discovery a…
NEWS ROUNDUP — Repadre gets proceeds from offering
Toronto-listed Repadre Capital has received net proceeds of $17.1 million from its previously announced issue of six million special warrants at $3 each. The final prospectus was recently approved by …
Kinross acquires Falconbridge Gold
Toronto-listed junior Kinross Gold (TSE) has completed the previously announced purchase of 8.2 million shares and a $7.4-million convertible debenture of Falconbridge Gold (TSE) from Falconbridge for…
Ottarasko nets gold and silver
A bulk sample has netted Ottarasko Mines 365 oz. gold and 156 oz. silver. The company mined 190 tons from its Mt. Skinner gold project, 120 miles west of Williams Lake, B.C. The low-sulphide quartz or…
NEWS ROUNDUP — Phelps drops Curator’s DSA
After completing three holes of a planned 8-hole program on the DSA property in Idaho, Phelps Dodge has dropped its option. The company had the right to earn a 51% interest from International Curator …
CIM meeting features Turkish copper project
The international exploration manager for Cominco Resources International will address members of the Vancouver branch of the Canadian Institute of Mining, Metallurgy and Petroleum. Jon Collins’ speec…
THE DIAMOND PAGE — DHK-Kennecott predicts kimberlite by
“Kimberlite by Christmas and results by spring” is the stated goal of the partners involved in a major bulk test of a kimberlite pipe in the Lac de Gras region of the Northwest Territories. George Ste…
Coniagas group of companies merged
Four companies have amalgamated into a new corporation called QSR. The companies involved are Quebec Sturgeon River Mines (TSE), The Coniagas Mines (TSE), Anglo Dominion Gold Exploration (TSE) and Gar…