SUPPLIERS’ NOTES Caterpillar Inc.
China will be using technology from Peoria, Ill. -based Caterpillar Inc. to manu facture models of track-type tractors, wheel- loaders, log-skidders and engines. Also, the Caterpillar World Trading C…
News
ON THE MOVE SEW-Eurodrive Co.
SEW-Eurodrive Co. of Canada has named Fred Arcon as president. Prior to the appo intment, Arcon held the position of vice-president. He will now be responsible f or the marketing, sales, production an…
50 years Ago AUGUST, 1937 QUEBEC WILL BE ON ITS KNEES
This prediction can be made: within a year the Quebec government will be on it s knees pleading to Ontario mining men to please, please come back. It will be lucky if it does not find them too busy el…
Levon updates oil reserves
Geological ore reserves on the Carbonate Hill property in Colorado, in the Cripple Creek mining district, have been calculated to be 14 million tons grading 0.031 oz gold per ton, Levon Resources repo…
Metal Prices FREE MARKET London Metal Exchange (August 03, 1987)
Spot closing prices in Pound Sterling per tonne Date July 28 July 27 July 24 July 23 July 22 Copper 1075-1076 N/A 1068-1069 1066.5-1067.5 1063-1065 Lead 390-391 N/…
Inco in the black
Inco Ltd. scratched back into the black during the second quarter ended June 30. For the period, the giant nickel producer earned $13.8 million or 11 cents per share compared to a loss of $5 million …
Acquisition hungry Granges takes position in Curator
Acquisition hungry Granges Exploration has taken an equity position in International Curator Resources which could lead to full control within a year. The latter has a number of impressive gold proper…
Enigmatic Imperial metals spinning off gold assets
Last year even the president of Imperial Metals admitted his company was “somewhat of an enigma,” arguing in the process that it wasn’t as difficult to understand on a “sector- by-sector basis.” Since…
Maufort option
An agreement has been reached between Maufort Resources and a Vancouver company, Moneywise, whereby Maufort may earn a 51% interest in 700 acres adjacent to its Siscoe extension property in the Val d’…
Belmoral ahead on year despite poor quarter
A loss during the second quarter of $656,000 has been reported by Toronto-based Belmoral Mines. The company’s net income for the first six months of 1987, however, stands at $349,000, thanks to a stro…
Caribbean nickel
Falconbridge Dominicana is the second biggest ferronickel producer in the world. Among lateritic nickel operations, Falcondo’s capital cost is o ne of the lowest for nameplate capacity. At about $3(U…
People Hecla Mining Co.
Arthur Brown, president and chief executive officer, has assumed the additional position of chairman of the board, succeeding William A. Griffith who has retired.