PRODUCER PRICES (January 25, 1993)
ALUMINUM: MW U.S. market US57-58 cents per lb. (Jan. 8, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (Jun. 11, 1992). CAD…
Articles by Northern Miner Staff
INSIDER TRADING — Christensen takes profit on Lytton
The chairman of Lytton Minerals (TSE), William Christensen, made a substantial profit on his holdings in the diamond explorer in late 1992. According to the Ontario Securities Commission’s OSC Bulleti…
Tenajon plans work program for Alamos copper property
An exploration program by Tenajon Resources (VSE) is expected to begin shortly on the Alamos property, a large porphyry copper target in Sonora, Mexico. Tenajon said the property hosts several targets…
METALS MARKETS — Metals trade wars are heating up
The number of trade penalties imposed by OECD governments reacting to domestic complaints of dumping by foreign suppliers is up sharply. Those charged are accused of dumping product at prices below ei…
Tri Origin drilling at Lewis Ponds
A drilling program designed to follow up previous intersections of a 20-metre-thick sequence of massive, disseminated and fragmental sulphides is under way at the Lewis Ponds project of Tri Origin Exp…
KWG extracts bulk sample
Joint venture partners KWG Resources (ME) and SEG Exploration (ME) have completed the extraction of a 29,000-ton bulk sample from the No. 1 vein system on their Granada gold property near Rouyn-Norand…
Work under way at Mobrun project
The first phase of development at the 1100 lens at the Mobrun polymetallic property, 19 miles northeast of Rouyn-Noranda, Que., is under way, Audrey Resources (TSE) reports. By the end of 1992, the sh…
PEOPLE — PEGASUS GOLD (January 25, 1993)
Steven Banning appointed vice-president, operations.
Joutel increases Cuban exposure
An arms-length agreement with a private company has given Joutel Resources (TSE) an exposure to 11,000 sq. km of ground in Cuba. Joutel says it has signed a deal with Earthunt International Minerals C…
COMMENTARY — New era of northern development
Several recent events and initiatives, such as the crossing of the Northwest Passage by a Russian icebreaker, indicate that the Arctic is experiencing an economic awakening. The passage of a hammer an…
Musto drilling boosts tonnage at Bajo copper-gold deposit
Recent drilling by International Musto Explorations (VSE) appears to be confirming the depth extension and southwest expansion of the Bajo de la Alumbrera copper-gold deposit in Argentina. One hole dr…
NEWS ROUNDUP — Phelps Dodge in property option
Phelps Dodge Corp. of Canada, a unit of Phelps Dodge (NYSE), has optioned the Nine Mile Brook base metal property in New Brunswick from Corner Bay Minerals (TSE) and joint venture partner Roycefield R…