China imposing a sales levy on miners
China is expected to slap a sales levy on domestic and foreign-funded mining firms to curb the growing waste of precious state-owned mineral resources. Song Ruixiang, China’s vice-minister of mining, …
1994
OBITUARIES — Ken Polk
A geologist for more than 30 years, George Kenneth Polk died recently in Oliver, B.C., following a heart attack. He was 63. A native of North Bay, Ont., and raised in Rouyn-Noranda, Que., he graduated…
Caledonia offshoot nets record profits
Filon Sur S.A., the 25%-owned Spanish gold and silver mining subsidiary of Caledonia Resources (TSE), enjoyed record profits of $1.6 million in 1993. Filon operates an open-pit, heap-leach gold and si…
Rabbit Lake gets federal OK
Uranium miner Cameco (TSE) has been given the green light to bring three new deposits into production at its Rabbit Lake operation, 420 km north of La Ronge, Sask. The federal natural resources minist…
Gibraltar adds to copper interests
An expanding Gibraltar Mines (TSE) intends to acquire the Lomas Bayas copper property in Chile. The decision — part of a corporate thrust to become a multi-mine copper producer — follows a joint-ven…
All-North options southern project
Junior All-North Resources (VSE) can earn a 45% interest in El Oro, a gold property 100 km northwest of Mexico City. An agreement in principle, reached with a Mexican mining company, calls for All-Nor…
Metal Prices — FREE MARKET (April 04, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Mar. 29 Mar. 28 Mar. 25 Mar. 24 Mar. 23 Copper 1925-1926 1949.5-1950.5 1927.5-1928 1928.5-1929.5 1948.5-1949.5 Lead 457-458 458-459 445-…
Spot prices at a glance (April 04, 1994)
Week’s Price (US) Change Gold* $386.75 – $1.65 Silver* $ 5.61 + $0.02 Platinum* $408.00 + $4.25 Nickel** $ 2.54 – $0.01 Lead** $ 0.21 $0.00 Copper $ 0.87 – $0.01 Zinc $ 0.43 $0.00 Courtesy of Scotiaba…
Gold Funds (April 04, 1994)
Gold Funds as of Mar. 30 BGR Central Net Value $18.08 $7.10 Price $17.25 $7.750 Premium 9.2% Discount 4.61% Value $146,924,000 $140,269,575…
Toronto Stock Exchange Indices (April 04, 1994)
— 1994 — Mar 29 Mar 28 Mar 25 Mar 24 Mar 23 High Low Composite”300″ 4393.61 4487.97 4528.29 4569.65 4609.93 4609.93 3518.31 Metals&Minerals 3669.09 3766.35 3742.90 3802.51 3870.68 3879.59 3495.59 In…
Opawica in Ghana
Toronto-listed Opawica Explorations is set to acquire privately owned Alex MacIntyre and Associates (AMAL). An agreement in principle calls for Opawica to pay $1.5 million in cash and issue 725,000 co…
Battle Mountain gets leeway in Crown Jewel ruling
An arbitrator has ruled that Battle Mountain Gold (NYSE) is not required to make the first two US$1-million penalty payments to Crown Resources (TSE) under the companies’ Crown Jewel joint-venture agr…