MNDM opens Toronto centre
Ontario’s Ministry of Northern Development and Mines officially opened its new Mines and Minerals Information Centre in the Macdonald Block, 900 Bay St., Toronto, Oct. 5. With the ministry relocated t…
News
GUEST COLUMN — Industry must promote its image
My time in the mining industry is approaching half a century. There have been many changes, mostly for the better. When I started underground, the pick and shovel were still widely used tools. On smal…
NEWS ROUNDUP — Westray inquiry deferred, charges laid
Following the deferral of the start of an inquiry into the Westray mining disaster by the Nova Scotia Supreme Court, four mine managers and Westray owner Curragh (TSE) have been charged with 52 offenc…
NEWS ROUNDUP — Sheridan hearing postponed to Jan. 5
A court date to hear charges against mining promoter Patrick Sheridan has been postponed until Jan. 5, 1993, says the Ontario Securities Commission (OSC). Originally scheduled for Aug. 25, the OSC hea…
NEWS ROUNDUP — Coniagas group ponders merger
A proposed merger has been announced by Quebec Sturgeon River Mines (TSE), The Coniagas Mines (TSE), Garrison Creek Consolidated Mines (CDN) and Anglo Dominion Gold Exploration (TSE). Share exchange r…
Gold standard unlikely, analyst says
The currency troubles being experienced by numerous countries, particularly in Europe, have some persons calling for a return to a gold standard. One observer who thinks a rigid gold standard is a rem…
NEWS ROUNDUP — Billiton clinches Selbaie zinc mine
Toronto-based Billiton Metals Canada will acquire full ownership of the Selbaie copper-zinc mine and mill complex 200 km north of Rouyn-Noranda, Que., after signing a formal agreement with BP Canada (…
Commodity index tracks decline in metal prices
The commodity price index of Scotiabank edged down by 0.4% in August, the third drop in as many months. Declines in metal and mineral, agricultural, and oil and gas prices more than offset stronger fo…
NEWS ROUNDUP — Freewest to test high-grade zones
Drilling to test known mineralized zones as well as recently located geophysical anomalies is scheduled to begin on its Verneuil Twp., Que., property in mid-November, says Golden Tag Resources (VSE). …
Hemlo Gold drills Lenora’s Omega
Drilling by Hemlo Gold Mines (TSE) is under way on the Omega gold property near Kirkland Lake, Ont., Greater Lenora Resources (TSE) reports. Diamond expert Christopher Jennings has joined Lenora’s boa…
Noranda pulls out of eastern U.S.
Toronto-based Noranda Minerals has effectively curtailed exploration activities in the eastern half of the U.S. by putting the brakes on projects in Wisconsin and closing its small North Carolina offi…
PRODUCER PRICES (October 05, 1992)
ALUMINUM: MW U.S. market US58.25-58.75 cents per lb. (Sept. 10, 1992). ANTIMONY: MW New York dealer US78-88 cents per lb. (Jun. 11, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 19…