What’s New Mining Pump
A new diaphragm pump is now available from Warren Rupp of Mansfield, Ohio. It features self-priming; explosion-proof construction; low internal velocities, easily handling abrasive viscous material; a…
News
Stainless steel growth boosts chromium
The strong growth in stainless steel applications has nickel producers smiling, but it’s good news for chromium producers too. Chromium consumption rose 30% in 1988 compared with the previous year. Th…
Vancouver Stock Exchange Gains small on a sluggish market
Low gold prices, high interest rates, brokerage month-end and general pre-budget jitters were keeping investors on the sidelines here at press time, as was the case in most equity markets in Canada. A…
Editorial On the winning side
If mining companies want to stay on the right side of environmental issues, they’re going to have to put a little more effort into it. The right side, of course, is the side that wins. And it seems …
Placer Dome to develop Granny Smith
A decision has been made by Placer Dome (TSE) to develop its Granny Smith project near Laverton, Western Australia. Placer Pacific, its 75.8%- owned Australian subsidiary, holds a 60% interest and wil…
Return on assets ensures profitable year for Metal
The broad portfolio of resource assets held by Toronto-based Metall Mining (TSE) provided a healthy return during the company’s first full year of operations. The 62%-owned subsidiary of German metals…
Canamax bids for 100% of Ketza
Toronto-based Canamax Resources (TSE) has eliminated some of the uncertainty surrounding the Ketza River gold mine by agreeing to acquire partner Pacific Trans- Ocean Resources’ (TSE) 50% stake in the…
Restigouche may be next base metal mine in N.B.
New Brunswick’s fourth base metal producer could go into production this fall if negotiations involving Marshall Minerals (ASE) and East West Caribou Mining are successful. Toronto-based Marshall has …
FINANCING (May 01, 1989)
ONTARIO Chieftain Int’l — final rec iss offer 8,250,000 @ $13.50(US) to net $107,476,875(US). VANCOUVER Bunker Hill Mng — opt exerc on 700,000 @ $3 per sh. Jacqueline Gold Corp — opt exerc on 100,0…
DETOUR LAKE
When we last visited the Detour Lake operation, 209 km northeast of Timmins, Ont., miners were just beginning to pull up gold from underground following a brief but troubled open-pit phase. Today, one…
Metal Prices FUTURES PRICES (May 01, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May138.55 136.00 138.30 — 2.60 Jul135.50 132.60 135.40 + 2.20 Sep130.00 127.70 …
Mill start up at Highland Valley
In a move to expand production and increase operating efficiency, Highland Valley Copper relocated two previously shut-down mills to a site adjacent to the former Lornex milling complex at its huge co…