Explosion at PT Inco smelter kills six
Six men were killed and four injured in an explosion at PT International Nickel Indonesia’s nickel smelter at Soroako, Indonesia. PT Inco is a subsidiary of Toronto- based Inco (TSE). Inco believes a …
News
Toronto Stock Exchange Indices (September 10, 1990)
Sept. 4 Sept. 3 Aug. 31 Aug. 30 Aug. 29 HIGH LOW Composite “300” 3333.27 Holiday 3346.25 3329.83 3339.72 4009.47 3329.85 Metals & Minerals 3027.19 Holiday 3046.71 3027.32 3020.76 3453.06 2850.84 Integ…
Samatosum profits fall short of Rea Gold’s expectations
Although profit from the Samatosum mine owned 30% by Rea Gold (TSE) came in below expectations, it would be difficult to call the numbers disappointing. Operating profit from the mine accruing to Rea …
Home Lake stakes claims in Eastmain
Toronto-based Home Lake Resources (COATS) has staked 100 claims in the Eastmain River region of northern Quebec. The claims lie six kilometres southwest of the main zone of mineralization discovered b…
EDITORIAL PAGE Canadian nickel
In a previous issue (T.N.M., Sept. 3 /90) we reported on a U.S. government publication that suggested Sherritt Gordon might be a customer for nickel concentrate from the undeveloped low- grade Six Mil…
GOLD FUNDS (September 10, 1990)
MVP BGR Central Capital Net value $10.84 $5.74 $0.31 Price $9.25 $5.500 $0.20 Discount 14.67% 4.2% 35.5% Value $64,547,056 $92,533,650 N/A…
Alberta Stock Exchange Flag ponders deal
A recent staking rush northeast of Sudbury, Ont., has management at Flag Resources smiling. The junior, with property in the area, is reported to be considering a proposal from Falconbridge Ltd. for a…
Coal receives boost from Gulf crisis
In 1776, the historian Gibbon observed that the command of iron gives a nation the command of gold. Much the same might be said of coal to which the story of iron is so inextricably tied. By 1761, the…
Vancouver Stock Exchange Vancouver market stages modest recovery
After an extended downward spiral, both Vancouver Stock Exchange Indices staged rebounds over the week ended Sept. 4: the Resource Index up about five points to the 740 level, and the Composite Index …
Mine Visit
A few years ago, big Canadian mining companies decided to spin off various assets — usually gold properties — into satellite companies tethered in some fashion to the corporate mother ship. The stra…
Calendar (September 07, 1990)
Oct 2-3, Ottawa, Ont. Stresses in underground structures: determination, prediction & monitoring. At the Venture Inn. Contact Dr. G. Herget, Canadian Mine Technology Lab, Mineral Research Laboraties/C…
50 Years Ago – September, 1940
ITALIANS IN MINES MOSTLY CITIZENS Inaccurate reports appearing in the daily newspapers have left the impression that a high proportion of Canada’s miners are Italian-born, many of them unnaturalized, …