PRODUCER PRICES (June 27, 1994)
PRODUCER PRICES ALUMINUM: MW U.S. market US64.5-65.5 cents per lb. (June 9, 1994). ANTIMONY: MW New York dealer US$1.40-1.60 per lb. (May 12, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (S…
1994
Uruguay round lowers tariffs on non-ferrous metals
Canada’s manufacturers of primary, non-ferrous metals and non-ferrous metal products can look forward to new export opportunities, owing to lower tariffs negotiated in the Uruguay round of world trade…
GOLD FUNDS (June 27, 1994)
BGR Central Net Value $18.08 $7.02 Price $15.25 $7.625 Premium 8.6% Discount 15.66% Value $146,903,000 $138,077,163…
TORONTO STOCK EXCHANGE INDICES (June 27, 1994)
Composite “300” 4047.55 4088.45 4156.78 4163.45 4166.27 4609.93 3518.31 Metals & Minerals 3620.57 3654.17 3740.52 3724.44 3738.37 3879.59 3273.56 Integrated Mines 3829.68 3852.50 3955.20 3929.55 3955….
Decision looms for Fachinal
A final feasibility study is nearing completion for the Fachinal gold-silver project in southern Chile, reports Coeur d’Alene Mines (NYSE). A production decision is expected shortly, says Chairman Den…
Wheaton hopes to extend mine life by five years
The life of the Golden Bear mine will be extended by five years under a new plan devised by North American Metals and its 81% owner Wheaton River Minerals (TSE). The mine-life extension will depend on…
Visible diamonds found in Aber Resources drill core
Within the next 3-4 weeks, Aber Resources (TSE) expects to receive results from an 800-kg kimberlite intersection from the first hole drilled on the A-154 anomaly near Lac de Gras, N.W.T. The results …
Dayton plans Andacollo start
Toronto-listed Dayton Mining has announced a $34-million equity financing, which will be used in conjunction with a US$50-million bank underwriting, to develop a heap-leach mine in central Chile. Cons…
MINING IN CHILE — Quebrada Blanca ready to produce
An open-pit copper mine starting up in Chile’s Atacama Desert is about to become the world’s largest solvent extraction-electrowinning operation. Once full production is achieved, Quebrada Blanca is t…
MINING IN CHILE — Arizona Star tests new zone
The discovery of a new gold zone has sharpened the focus of Arizona Star’s (VSE) activities in Chile’s Maricunga district. The company plans further work for the Eva zone, discovered as a result of a …
CanTung assets eyed by suitors
Several mining groups are carrying out due diligence reviews of the assets of Canada Tungsten (TSE), and in particular the company’s advanced copper project near Andacollo, Chile. The company’s larges…
MINING IN CHILE — Cyprus budgets US$1 billion for
An investment of US$1 billion is planned by Cyprus Amax Minerals (NYSE) for mine development of Chile’s El Abra copper project. Chilean state mining company Codelco recently accepted Cyprus’ revamped …