NEWS ROUNDUP — Aurizon, Cambiex detect anomaly
An anomaly has been detected on the east-central part of the Dormex gold property of Aurizon Mines (TSE) and Cambiex Exploration (ME) which surrounds the Sleeping Giant mine near Amos, Que. Close to b…
1993
PRODUCER PRICES (October 11, 1993)
ALUMINUM: MW U.S. market US51.75-52.75 cents per lb. (Sept. 23, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1…
TORONTO STOCK EXCHANGE INDICES (October 11, 1993)
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Noranda Minerals spins off advanced materials company
A new business unit known as Noranda Advanced Materials has been opened in Ville Saint-Laurent, Que. The company is an offshoot of Noranda Minerals, itself a subsidiary of Noranda (TSE). It will produ…
TSE SHORT POSITIONS (October 11, 1993)
Semi-monthly reports as of Sept 15 showed 76,538,373 shares of 760 issues compared with 75,759,200 shares of 729 issues on Aug 31. Larger individual positions included: Aber 134,000; Agnico-Eagle 91,1…
Arimetco, Breakwater settle accounts
The recent settlement of all amounts owed to Arimetco International (TSE) by Breakwater Resources (TSE) will result in the cancellation of receivables totaling about $5 million. In return for cancelin…
STOCK MARKETS — Diamonds lose lustre, yet indexes gain
Despite a general downturn among diamond issues and a stable gold price at the US$355-per-oz. level, both the Vancouver Stock Exchange resource and composite indexes gained ground. During the period e…
Viceroy, Mink plan work in Mali
Mink Mineral Resources (VSE) will soon begin a second phase of exploration on the Niaouleni gold concession in Mali. Viceroy Resources (TSE) is funding the work through an option to earn a 70% interes…
Fairfield Minerals sells ore to Asarco
Another gold sale was made by Fairfield Minerals (TSE) from test-mining activities at its Siwash North deposit near Merritt, B.C. The company sold 2,200 tons of high-grade ore to Asarco, to be process…
Canadian smelters succeed in clearing the air
There is one clear winner in the effort to cut mining-related sulphur dioxide emissions — the air itself over much of Canada. For example, between 1950 and 1972, sulphur dioxide emissions from the Su…
PEOPLE — WHEATON RIVER MINERALS AND NORTH AMERICAN METALS
Ian McDonald appointed director, chairman and chief executive officer; V. Jutronich appointed director, president and chief operating officer; Peter Tredger appointed director and vice-president, fina…
Steen to address CIM luncheon
Guest speaker at the Oct. 14 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum will be Peter Steen, president of Homestake Mining of San Francisco. Steen’s t…