Morgain applies for Mexican incentive
Toronto-based Morgain Minerals (VSE) is one of the first Canadian juniors to apply for Mexico’s new exploration and exploitation incentive program. Under the program, the Mexican government will finan…
1993
Noranda re-works Montanore deal
Partners Noranda Minerals (a subsidiary of Toronto-listed Noranda) and Montana Reserves (a private company) have restructured the ownership of their Montanore silver-copper property near Libby, Mont. …
A half-million dollars here, another there…Cazador pursues
An additional private placement totaling $500,000 has increased Cazador Explorations’ (VSE) flexibility in putting the Keystone gold project, near Lynn Lake, Man., into production. Granduc Mines (TSE)…
NEWS ROUNDUP — Labyrinth looks to Venezuela
Having agreed to acquire a majority interest in a gold property in the Guyana district of Venezuela, Bema Gold (TSE) plans to transfer the property to its 76%-owned subsidiary, Labyrinth Resource (VSE…
PRODUCER PRICES (June 07, 1993)
ALUMINUM: MW U.S. market US52.00-53.00 cents per lb. (May 27, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 26, 1993). BISMUTH: MW New York dealer US$2.50-2.70 per lb. (Mar. 26, 1993…
Western International drills Arizona copper
Reverse circulation drilling has started on Western International Explorations’ (CDN) Stray Elephant copper property in Arizona. The 8,000-ft., 30-hole program, which is testing for extensions of know…
Tiomin completes mineral sands tests
Laboratory-scale testing of a heavy-mineral bulk concentrate from the Natashquan deposit in Quebec has been completed, reports Tiomin Resources (TSE). Gravity, magnetic, and electrostatic separation t…
Price protection for Cyprus
A price protection program ensures that Cyprus Minerals (NYSE) will receive a minimum average sales price of about US94 cents per lb. on about 90% of its projected 1993 copper sales. The program also …
Dundee-Palliser gets government loan to purchase Gays River
The government of Nova Scotia will lend Dundee-Palliser (TSE) $6 million to help it buy the Gays River zinc-lead mine from Westminer Canada. The loan is subject to satisfactory zinc and lead prices an…
BOOKS IN BRIEF — The Chinese steel connection
Iron and Steel, Relying on China, published by AME Mineral Economics, GPO Box 3602, Sydney, NSW 2001, Australia. 300 pages. After a decade of rationalization and job losses, huge new investment progra…
Metal Prices — FREE MARKET (June 07, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 1 May 31 May 28 May 27 May 26 Copper 1147-1148 N/A 1146-1147 1157-1158 1185-118…
Adding to properties down Mexico way Manhattan options five
Manhattan Minerals (VSE) intends to add to its fold of Mexican properties by acquiring an option to buy five concessions covering a large copper-gold-silver skarn zone in central Sinaloa state. Manhat…