Falconbridge posts quarterly profit
Newly listed Falconbridge (TSE) has reported a profit of $2 million for the second quarter — its first results since a $1.3-billion public offering about a month ago. The company is attempting to sla…
Articles by Northern Miner Staff
Reserves increase at Mt. Todd mine
Drilling by a 55%-owned affiliate of Pegasus Gold (TSE) has boosted the reserve estimate at the Mt. Todd gold mine near Darwin in Australia’s Northern Territory. Proven and probable reserves now stand…
Jarvis to complete private placement
A private placement of 107,360 units at $1 each has been negotiated by Jarvis Resources (VSE). A unit consists of one common share and one non-transferable warrant entitling the holder to buy an addit…
Phelps, Sumitomo plan expansion
Japan-based Sumitomo Metal Mining and Phelps Dodge (NYSE) will jointly enlarge, by 40%, a copper mining venture in Arizona. The total investment will be US$200 million, with Sumitomo holding 15% and P…
Better days for Teck, Cominco
Improved operating results from Cominco (TSE) helped boost the net earnings of Teck (TSE) during the latest quarter ended June 30. Teck posted earnings of $13 million for the period, up from $3 millio…
OPINION — Addressing ecological issues
The phrase “ecosystem management” means many things to many people. Much of its use is an outgrowth of the debate over the health of natural systems and the efficacy of our federal and state environme…
BOOKS IN REVIEW — Copper in Arizona
The Arizona Copper Industry in Arizona in 1992., Special Report 20, by Nyal Niemuth, available from the Arizona Department of Mines & Mineral Resources, 1502 W. Washington, Phoenix, Ariz. 85007. US$8 …
Inco assesses shaft damage
The main T-1 mine shaft at the Manitoba division facilities of Inco (TSE) in Thompson, Man., will not return to normal operation until the second-half of September, the company says. Inco recently com…
METAL PRICES — FREE MARKET (August 08, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date August 2 August 1 July 29 July 28 July 27 Copper 2407-2408 2429-2430 2438-2439 2409-2410 2392-2393 Lead 582-583 586-587 583.5-584.5 583-…
Pakistani potential under discussion
The United Nations, in collaboration with the government of Pakistan, will sponsor the International Round-Table Conference on Foreign Investment in Exploration and Mining in Pakistan. The conference …
Spot prices at a glance (August 08, 1994)
Week’s Price (US) Change Gold* $378.60 $8.40 Silver* $375.21 $0.11 Platinum* $414.50 $8.50 Nickel** $372.75 $0.02 Lead** $370.26 $0.00 Copper $371.10 + $0.01 Zinc $370.43 $0.00 Courtesy of Scotiabank….
Town promotes its coal history
This town was founded on King Coal, and their fortunes have risen and fallen together. Considered Canada’s largest town four decades ago, with a huge population of miners, Glace Bay now has fewer than…