News

Mining’s a funny business. It is based on what is unsentimentally referred to as a “wasting asset” and therein lies both the boon and the bane of the industry. It’s the blessing of the industry in t…

While ownership of the Theresa gold property near Longlac, Ont., has been transferred to J. S. Redpath Ltd. of North Bay, Ont., the president of Duration Mines (TSE) has not given up hope of reclaimin…

Corona Corp. (TSE), better known for its gold production, is getting into the diamond game. Corona has acquired an option giving it the right to earn a 70% interest in a 35,000-acre property held by C…

Your Oct 17th editorial presents an opportunity for comment. The mining industry operators have understood, for some time, the need to “involve rock mechanics engineers in the mine design process.” A …

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 148.50 147.50 148.40 — Dec 144.30 138.00 141.90 + 7.50 Mar 121.00 116.30 119.40 — …

Some of Ontario’s industrial minerals could find new uses as substitutes for foreign-produced materials in the manufacture of china tableware, a recent study has concluded. The study, entitled Fine Ch…

After selling 41,850 oz gold from its mine in southwestern Newfoundland, Hope Brook Gold (TSE) reported net income of $2.8 million or 10 per share during the first nine months of 1988. Revenues for t…

Lead surprised just about everyone when it averaged 27 (US) per lb on the London Metals Exchange during 1987, an increase over 18 in 1986. It was a turnaround year for the metal, the price of which ha…

Cobalt, Ont., is justly Cfamous for its silver mines and the turn-of-the- century boom that made it the cradle of Canadian mining. It was a time of unbounded optimism and new developments in mineral p…

Canada, as the records in the bulky annual number of The Northern Miner revealed last month, is in the midst of a vast program of mineral development. Probably in no country in the world is mining and…

Nickel may not possess the glamorous appeal of gold and silver but, in 1988, the base metal did just fine without it. Because of an unusual set of circumstances in which record consumption combined wi…

Scandinavian mining technology is playing a prominent role in Canada’s newest nickel mine. The mining method — longhole raise mining — selected for the bulk of the 2.58-million-tonne orebody under N…