More about diamonds (February 15, 1993)
Canadian mining companies are involved in the search for diamonds both at home and abroad: N.W.T. — Aaron Oil (ASE) has terminated discussions with Monopros related to exploration on Aaron’s claims n…
Articles by Northern Miner Staff
Barrick announces record output, earnings for 1992
For the seventh consecutive year, American Barrick Resources (TSE) has posted record production and earnings. The company produced more than 1.3 million oz. gold in 1992 compared with 789,846 oz. in 1…
Focus on remediation
A short course, scheduled for March 21-22, will highlight advanced remediation technologies and case histories. Focus will be on solid and hazardous waste issues of the 1990s that involve the mining, …
Charges hurt Cyprus’ 1992 results
Special charges against 1992 earnings pushed Cyprus Minerals (NYSE) well into the red with a loss of US$333.6 million, or about US$8.46 per share. The loss resulted from special charges totalling US$4…
NO HEADLINE (February 15, 1993)
Several mining companies are gearing up to begin exploration programs on properties near the Pipeline gold discovery of Placer Dome in Crescent Valley, Nev. Noranda Exploration is about to begin, on b…
Mining and milling plans drawn up for South Pipeline
The South Pipeline deposit in Nevada’s Crescent Valley is now estimated to host a preliminary reserve of about 10 million tons grading 0.12 oz. gold per ton at a cutoff grade of 0.05 oz. gold. The est…
Curragh completes Westray flooding
To suppress methane buildup and prevent cave-ins, Curragh (TSE) has flooded about 60% of the Westray coal mine in Nova Scotia. Westray was closed last May after an explosion killed 26 miners working u…
Friedland to chair Carson Gold
A proposed private placement will bring about a change in control of Carson Gold (VSE), a junior which has been actively involved in acquiring and developing mineral properties in Venezuela since 1990…
EDITORIAL PAGE — The business of risk
It’s not uncommon these days to hear speakers, who like to philosophize and theorize about life’s many different activities, refer to the mining industry in Canada as “mature.” Something along the lin…
Russian conference on industrial minerals
An international conference on industrial minerals will be held in Petrozavodsk, Russian Karelia, Sept. 7-14. English will be the language used at the conference. The meeting, arranged by the Russian …
LATIN AMERICA — Pacific Rim acquires Argentine option
An option on a polymetallic massive sulphide project in Argentina was recently acquired by Pacific Rim Mining (VSE). The property, known as La Colorada, covers 55,000 hectares and is accessible by roa…
METAL PRICES — FREE MARKET (February 15, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 9 Feb. 8 Feb. 5 Feb. 4 Feb. 3 Copper 1562-1563 1559-1560 1534-1535 1538-1539 15…