PRODUCER PRICES (April 20, 1992)
ALUMINUM: MW U.S. market US60-61 cents per lb. (Apr. 2, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CADMIUM: …
1992
Arimetco acquires stake in Bolivian copper properties
Planning to become the first foreign exporter of cathode copper from Bolivia is Arimetco International (TSE). The company recently acquired an 85% stake in three oxide copper properties hosting five m…
Melinga drilling in Honduras
A contract to drill 150 holes, 30-50 metres each in length, in northwestern Honduras was recently entered into with a Guatemalan company, Melinga Resources (VSE) reports. The program is concentrating …
Copper smelter `bottleneck’ likely to continue
Arizona-based Magma Copper (NYSE) plans to increase its smelter capacity by up to 20% to take advantage of a growing worldwide “smelter bottleneck,” vice-president Bradford Mills told the Toronto Soci…
PROJECT ROUNDUP (April 20, 1992)
A contract to develop the Bajo de la Alumbrera copper-gold porphyry deposit in northwestern Argentina has been negotiated by International Musto Explorations (VSE) with a quasi-government mining compa…
Chile an obvious exploration target
The most most striking aspect of Chile, the worlds leading producer of copper, is its geographical shape. A mere 200 km wide (on average), it extends for more than 5,000 km along the coastline directl…
Argentine economic reform under way
Fundamental changes in thinking about economic policy are evident in Argentina, says Domingo Cavallo, the countrys minister of the economy. Taking a historical perspective, he notes in a report he co-…
Single permit final hurdle to restarting Hope Brook
A Newfoundland gold mine with a troubled past has been given a new lease on life after being closed last year because of environmental problems. Officials at Royal Oak Mines (TSE) confirmed recently t…
NEWS IN BRIEF (April 20, 1992)
HLX Resources Ltd. (HL:VSE) has changed its name to Emperor Gold Corp. (EMR:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis.
Dowa to joint venture Tizapa project
Dowa Mining is set to develop its first commercial mining project outside Japan after a $32 million bid for the Tizapa polymetallic project in Mexico was accepted by the Mexican government. A world le…
Falconbridge plans May production at Lindsley project
Commencement of production at the Thayer Lindsley project north of Sudbury, Ont., is planned for May by Falconbridge. Ore at the Blezard Twp. project consists mainly of copper and precious metals. The…
TORONTO STOCK EXCHANGE INDICES (April 20, 1992)
Composite”300″ 3412.64 3389.83 3376.64 3349.03 3318.10 4009.47 3009.91 Metals&Minerals2928.66 2945.76 2879.15 2864.47 2828.26 3453.06 2502.63 Integrated Mines 3101.03 3123.91 3044.40 3029.95 2986.76 3…