METAL PRICES — FREE MARKET (November 23, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov. 17 Nov. 16 Nov. 13 Nov. 12 Nov. 11 Copper 1405-1406 1402-1403 1384-1385 1410-14…
1992
Inuit approve land settlement
A $580-million land claim settlement with the federal government covering the eastern portion of the Northwest Territories was recently approved in a referendum by Inuit voters. About 80% of those eli…
MINER BRIEFS — Big Quill plant
An employee-owned potassium sulphate plant was recently officially opened near Wynyard, Sask. The owner, Big Quill Resources, expanded the plant, initially a pilot project of the Potash Corp. of Saska…
MINER BRIEFS — Goodfellow award
Goodfellow Consultants Inc. of Mississauga, Ont., recently won the Canada Award for Business Excellence in the environmental category. The award recognizes the company for its leading-edge technology …
MINER BRIEFS — Transpacific debt
Transpacific Resources (TSE) says it is carrying out a restructuring under which its approximate $6-million debt will be converted to equity. The company has plans to commercialize its patented techno…
MINER BRIEFS — Aluminum smelter
Joint venture partners SNC-Lavalin of Montreal and Johannesburg-based Engineering Management Services say they will join with Alusaf Ltd. to construct the world’s largest aluminum smelter ever built a…
MINER BRIEFS — Peat transaction
Peat “T” Inc. of Edmonton says it has agreed to purchase the working assets of North Star Peat, an Edmonton-based company which harvests, processes and markets peat, by the end of 1993. Peat “T” says …
NEWS IN BRIEF (November 23, 1992)
Greyhawk Resources Ltd. (GHK:VSE) has changed its name to GHK Resources Ltd. (GKS:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Pacific Corp. Trust.
STOCK MARKETS — Commonwealth trades heavily on news of
Diamond fever sparked a feeding frenzy on western markets during the week ended Nov. 17, helping to boost the Vancouver Stock Exchange resource index by more than 20 points to the 570 level and the co…
Curragh schedules production shutdowns
Zinc producers need to follow the lead of Curragh (TSE) and cut production if they want to prevent further erosion of the zinc price, says Julian Baldry, an analyst with Nesbitt Thomson. Curragh says …
Green light for El Condor financing
A previously announced $7.2-million financing by El Condor Resources (VSE) recently received regulatory approval, qualifying the distribution of 1.8 million units. The company arranged the placement e…
STOCK MARKETS — Diamond stocks hit new highs amid broad
While most issues on The Toronto Stock Exchange continued to slump during the week ended Nov. 17, shares of many of the diamond explorers headed to new highs on heavy trading. Although the search for …