Price protection for Cyprus
A price protection program ensures that Cyprus Minerals (NYSE) will receive a minimum average sales price of about US94 cents per lb. on about 90% of its projected 1993 copper sales. The program also …
News
Dundee-Palliser gets government loan to purchase Gays River
The government of Nova Scotia will lend Dundee-Palliser (TSE) $6 million to help it buy the Gays River zinc-lead mine from Westminer Canada. The loan is subject to satisfactory zinc and lead prices an…
BOOKS IN BRIEF — The Chinese steel connection
Iron and Steel, Relying on China, published by AME Mineral Economics, GPO Box 3602, Sydney, NSW 2001, Australia. 300 pages. After a decade of rationalization and job losses, huge new investment progra…
Metal Prices — FREE MARKET (June 07, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 1 May 31 May 28 May 27 May 26 Copper 1147-1148 N/A 1146-1147 1157-1158 1185-118…
Adding to properties down Mexico way Manhattan options five
Manhattan Minerals (VSE) intends to add to its fold of Mexican properties by acquiring an option to buy five concessions covering a large copper-gold-silver skarn zone in central Sinaloa state. Manhat…
New ore lens found at Copper Rand
Definition drilling on three new mineralized lenses at the Copper Rand mine in Chibougamau, Que., has led to the discovery of a fourth. Property-owner MSV Resources (ME) reports that significant inter…
Spot prices at a glance (May 31, 1993)
Week’s Price (US) Change Gold* $377.25 – $1.50 Silver* $ 4.56 – $0.18 Platinum* $390.10 – $1.90 Nickel** $ 2.57 + $0.03 Lead** $ 0.18 $0.00 Copper $ 0.83 + $0.02 Zinc $ 0.44 $0.00 Courtesy of Scotiaba…
Cash cost drops for gold producers
The average cash cost of Western gold producers dropped to US$247 per oz. in 1992 from US$260 the previous year, Gold Fields Mineral Services reports in its Gold 1993 report. otal average production c…
Platinum market in 1992 in oversupply
The world platinum market was marginally oversupplied last year by 20,000 oz., Johnson Matthey says in its Platinum 1993 Review. Supplies of the metal dropped by 8% in 1992 to 3.82 million oz. because…
Madeleine Mines receives environmental permit
The Ontario Ministry of the Environment and Energy has issued Madeleine Mines (TSE) final approval for operation of the Lac des Iles platinum-palladium mine, 60 miles north of Thunder Bay, Ont. Upon c…
Airborne geophysics and mineral trains — Canadians advance
Speakers from around the world gathered here at a recent conference to discuss new developments in the search for diamonds in several parts of Canada. Donald Mustard, past president of the Canadian Ge…
Arimetco boosts MacArthur interest
Tucson, Ariz.-based Arimetco International (TSE) plans to acquire the remaining half of the MacArthur copper property in western Nevada. The property, jointly owned by Arimetco and Brookline Minerals …