The unsolved mystery of Dan Willans
He arrived on the northern Ontario mining scene during the first part of this century more or less unannounced, and in the next few years was reported to have made himself a pile of money. His name, h…
News
PACOAL 89
PACOAL 89 tackles the future of the inter-relationship between power generators and coal with its theme “Electricity and Coal demand in the Asia-Pac ific.” The 4-day conference (in English) will be h…
Toronto Stock Exchange Inco helps volumes back over 20-million mark
Volumes have started to creep back over the 20-million share mark and tagging along have been prices. Today’s 14.4-pt advance in the composite index moved the index to 3,310.29 pts on volume of 21.5 m…
Inco, Seven Mile to drill Vault bet
Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE), has recommended a 5,000-m drill program for the Vault project shared with Seven Mile High Resources (VSE). Located in British Columbia, the Vaul…
Giant Bay, Coastech test bacteria oxidation system
A couple of Vancouver-based companies are involved in a race to develop a low cost oxidation process which uses live bugs to recover gold from refractory ore deposits. As a skeptical mining industry a…
Metal Prices PRODUCER PRICES (October 10, 1988)
ALUMINUM: MW U.S. Market $1.115-$1.14 per lb. (Sept 22, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.25 per lb. (Sept 8, 1988). CADMIUM: New Y…
Tarzan in Joburke
Tarzan Gold (ASE) has entered into an agreement with Noranda Inc. (TSE) which gives Tarzan the right to earn a 50% interest in Noranda’s Joburke property near Timmins, Ont. Tarzan can earn the interes…
Property acquisition by Card Lake
A base metals property has been optioned by Card Lake Resources (COATS). Located in the Tumpline Lake area of the N.W.T., the property is 60 miles northeast of Yellowknife. Grab samples from two showi…
Noranda to boost stake in Falconbridge to 29%
When Noranda Inc. (TSE) recently announced plans to increase its stake in Falconbridge Ltd. (TSE) to just under 30%, Chairman Alf Powis said he had no intention of seeking full control. “Our plan is t…
`Internal rate of return’ one guideline for investment
Then comes the interesting part * * * an estimate will be made of what the annual revenue from a mine will be during production to pay for preproduction capital costs. This requires a forecast of what…
Kimex drilling
Two drill holes on property in Beauchastel Twp. in northwestern Quebec have intersected “very interesting copper values,” Kimex Resources (ME) reports. The property is located 15 miles west of Rouyn-…
How Newmont tries to balance financing, risk-taking
From an address to the Financial Times World Gold Conference by Gordon R. Parker, chairman, president and chief executive officer of Newmont Mining Corporation. To talk about financing companies is to…