Soviet resources focus of symposium
The Colorado School of Mines campus in Golden will be the site of the first international symposium on the vast mineral deposits in Russia and other republics of the Soviet Union on Nov. 18-21. “The i…
1991
Breakwater suspends El Mochito mine
An escalating labor dispute has forced Breakwater Resources (TSE) to suspend operations at its El Mochito mine in Honduras and place the lead-zinc operation on a care-and-maintenance basis. The compan…
Metal prices pull price index down
Falling metal and mineral prices contributed to a decline in the commodity price index of Scotiabank in September of 0.7% from August. The all-items index is at its lowest level since May, 1987. Both …
Montreal Exchange (November 11, 1991)
Maintaining its trading momentum during the week ended Nov. 5 was Societe d’Exploration Miniere Vior, which announced plans to raise up to $500,000 through a private placement. The proceeds will be us…
Claude’s Seabee mine enters tune-up phase
Having brought its high-grade Seabee gold mine in Saskatchewan to the threshold of production, Claude Resources (TSE) expects to announce the first gold pour within the next couple of weeks. Only the …
Noront to drill promising projects
Although finding it difficult to raise money these days, “one way or another” Noront Resources (VSE) is determined to proceed with drilling on three of its better-looking projects, President Richard N…
Kenora band to manage sand, gravel works
The Rat Portage First Nation near Kenora, Ont., recently took over management of its sand and gravel resources after signing a 5-year agreement with the federal government. The Indian band established…
Silver Butte launches lawsuit
Ownership of a portion of the SB gold property near Stewart, B.C., is being challenged by Silver Butte Resources (VSE) in a lawsuit filed in the Supreme Court of British Columbia against Esso Resource…
Col program under review
This season’s drilling on the Col copper project in the Mount Milligan area northwest of Prince George, B.C., returned intersections ranging from 0.20% to 0.66% copper over narrow widths (10-20 ft.). …
Noranda hit by forestry loss
A $20-million loss within its forestry division helped to put Toronto-based Noranda (TSE) firmly in the red during the recent third quarter. After deductions for preferred share dividends, Noranda rep…
PRODUCER PRICES (November 11, 1991)
ALUMINUM: MW U.S. market US54.75-55.50 cents per lb. (Oct. 24, 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…
U.S. REPORT (November 11, 1991)
Less than five months after the official opening the Van Stone zinc-lead mine in northeastern Washington, Equinox Resources (TSE) has been forced to suspend operations because of low zinc prices. The …