Ten new copper smelters planned
Plans for at least 10 new copper smelters worldwide are under consideration, reports the U.S. Bureau of Mines. But although big copper producers like Chile are expected to proceed with construction, C…
1991
Vancouver Stock Exchange (December 30, 1991)
Despite a generally “grinchy” outlook as the year draws to a close, both the resource and composite indices managed to post small rebounds during our report period ended Dec. 23. The resource index ad…
Westar takes coal price cut
The contract price for metallurgical coal exports to Japan from the two mining operations owned by Westar Mining (TSE) in southeastern British Columbia has been cut by US50 cents per tonne. The price …
PRODUCER PRICES (December 30, 1991)
ALUMINUM: MW U.S. market US50.00-50.75 cents per lb. (Dec. 12, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CAD…
St Andrew halts bond payments
Toronto-based St Andrew Goldfields (TSE) is suspending interest payments on $9.8-million worth of 5.75% Swiss convertible bonds, after reaching an agreement with bondholders recently. At a meeting in …
Home Lake allows claims to expire
Home Lake Resources (CDN) will cease exploration on its two properties in Ontario and Quebec, after recent work failed to turn up any significant mineralization. At the Powell Lake property, 130 km we…
Recapturing the `lost art’ of narrow vein mining
Narrow vein mining. Something our fathers knew a great deal about but very nearly a lost art today. To help remedy the deficiency, the Quebec Mining Association (QMA) recently sponsored a “narrow vein…
FREE MARKET (December 30, 1991)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 24 Dec 23 Dec 20 Dec 19 Dec 18 Copper NA 1149-1151 1168-1169 1185-1186 1183-1184…
Mining Man of the Year — Witte gathers rag-tag mines, builds
When Margaret (Peggy) Witte launched her initiative to acquire and revitalize the Pamour group companies in late 1990, it was perceived in some circles as being overly ambitious if not foolhardy. Gold…
Non-cash offer — Royal Oak bids for Hope Brook
The Hope Brook gold mine in Newfoundland could be re-opened next summer if Royal Oak Mines (TSE) is successful with its plans to acquire the mine and related facilities from Hope Brook Gold, a subsidi…
Battle Mountain ups reserves at Jewel
Stepout drilling over the past year on the Crown Jewel property in northeastern Washington state has boosted preliminary estimates of reserves to 8.7 million tons grading 0.19 oz. gold per ton. The ne…
Inco takes over Fort Knox play
Big brother Inco (TSE) has taken over the supervision of exploration at Fort Knox Gold Resources’ (TSE) base metal prospect in the Shining Tree area of northeastern Ontario. The decision was announced…