EDITORIAL PAGE — A misguided effort
It has not been an easy summer for Crown Butte Mines, which has worked for more than three years with federal and state agencies in an effort to complete the environmental impact statement (EIS) for i…
1995
ODDS’N’SODS — Jack Elliot, flying ace
Jack V. Elliot Ltd. Air Service of Hamilton, Ont., operated the first commercial air service to Red Lake during the gold rush of 1926.Elliot, an outstanding pioneer aviator, started the first automobi…
Worldwide exploration spending on the rise
A recent study of worldwide nonferrous exploration budgets shows that exploration spending has increased for the second year in a row.Metals Economic Group’s latest study says budgets totaled US$2.05 …
Noranda completes bid for Brunswick Mining & Smelting
A bid to acquire the minority shares of lead-zinc producer Brunswick Mining & Smelting (TSE) by Noranda (TSE) has closed successfully, and 99.4% of Brunswick’s outstanding shares are now owned or tend…
Meetings (September 18, 1995)
MEETINGSSept. 25, Black SwanSept. 25, Cons. Deer Creek Sept. 25, Cornucopia Sept. 25, Cross Canada Sept. 25, Southern Arizona Sept. 26, Amarc Sept. 26, Golden Rule Sept. 26, Mutual Sept. 26, Soocana E…
Mineral processing to be highlighted at conference
Milling experts from around the world will convene in San Francisco next month for the 19th International Mineral Processing Congress.Sponsored by the Society for Mining, Metallurgy & Exploration, the…
Scotiabank commodity price index surges
The Bank of Nova Scotia’s commodity price index climbed by 4.3% in July to a level 12% higher than a year earlier.The gain is partly attributed to the metal and mineral index, which was itself fueled …
METAL PRICES — FREE MARKET (September 18, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateSept. 12 Sept. 11Sept. 8 Sept. 7 Sept. 6Copper2941-2946 2937-29422928-29312955-29562984-2985Lead600-601 595.5-596.5590.5-591.5 …
Cheminis mine reactivated
With shaft rehabilitation and dewatering of lower depths of the Cheminis gold mine now complete, Northfield Minerals (TSE) is expecting to resume operations.Production at the mine, situated west of Vi…
Spot prices at a glance (September 18, 1995)
Wednesday, September 13, 1995Week’sPrice (US)ChangeGold*$385.40+$6.40Silver*$ 5.54+$0.33Platinum*$438.75+$13.60Nickel**$ 3.83+$0.02Lead**$ 0.27$0.00Copper $ 1.30-$0.05Zinca…
TSE SHORT POSITIONS (September 18, 1995)
Short positions outstanding at August 31, 1995.Larger individual positions included: Barrick Gold 5,160,773; Agnico-Eagle 143,330; Archer Res. 160,000; Anderson Expl. 315,500; Bema Gold 1,726,900; Cal…
Joutel reports mixed drill results from Cuba
Drill results from the Cuban projects of Joutel Resources (TSE) have confirmed gold mineralization on three prospects.On the Camaguey concession, 500 km southeast of Havana, three new mineralized occu…