FUTURES PRICES (March 04, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 114.00 112.25 112.50 + 2.45 Apr 111.00 110.20 110.70 + 2.50 May 110.10 108.60 108.90 SILVER (in US cents per …
News
Environmental costs cut Asarco’s profit
Fourth-quarter net earnings of US$3.7 million (10cents per share) were reported by Asarco (NYSE), a 94% drop from $59.1 million ($1.42 per share) reported in the same period of 1989. Sales of products…
LETTERS TO THE EDITOR Parys Mountain project revisited
Your story “Anglesey’s plans for Parys holds historical significance” (T.N.M., Jan. 21/91) was of much interest. It may be of further interest to your readers to learn about the history of the Parys M…
Mature markets hurt selenium growth
The established end-use markets for selenium are mature and no new major applications are foreseeable, according to research company Roskill of London. However, the firm expects demand growth to conti…
Alaskan mineral revenue doubles
The value of mineral production in Alaska for 1990 jumped to US$534 million in 1990, up substantially from the US$277 million reported in 1989. The increase was primarily caused by a jump in base meta…
Inco fatality investigated
An investigation into what caused the rock fall that killed a 25-year-old miner Feb. 17 at Inco’s (TSE) Shebandowan, Ont., copper-nickel mine, is under way. It took a 12-man work crew working around t…
Renabie mine to close this year
Stung by weak gold prices and high operating costs, the Renabie gold mine near Wawa, Ont., will shut down its stopes permanently this year, says owner Renabie Gold Mines, a subsidiary of Corona (TSE)….
Hollinger testing manganese sample
Shipment of an 8,000-tonne test sample of manganese ore to a ferro2Dmanganese furnace near Montreal has been completed, Hollinger North Shore Exploration reported. Hollinger, a unit of La Fosse Platin…
Bellechasse partners extend zone
Surface samples from the Bellechasse project, southeast of Quebec City, continue to return encouraging results for partners Golden Hope Mines (COATS), St. Genevieve Resources (TSE) and Exploration Duv…
Review lowers coal price
A review of the contract price of Bullmoose coal for the period commencing April 1, 1989, has lowered the price to $88.26 per tonne. The Bullmoose mine in northeastern British Columbia is owned 61% by…
Wyoming Geological Association Conference
The Wyoming Geological Association (WGA) will hold its 42nd annual fall field conference Sept. 14-18 in Laramie, Wyo., at the University of Wyoming. Topic is the state’s mineral resources. WGA is base…
Low grade at Gold Basin
A 12-hole drilling program on the Gold Basin property in Mohave Cty., Ariz. returned no significant results in all but four holes which intersected low grade gold values. Consolidated Rhodes Resources…