OBITUARY (April 20, 1992)
The founder of Nelson Machinery, Jack Henry McMullen Greenwood, died recently at age 87. Greenwood was born at the Hudson’s Bay trading post of Lac Seul, Ont., and began working for that company at th…
Articles by Northern Miner Staff
NEWS ROUNDUP (April 20, 1992)
Weak metal prices and a high Canadian dollar forced Audrey Resources (TSE) to report a loss of $1.1 million or 7 cents a share in 1991, compared to a loss of $2.9 million or 19 cents a share in 1990. …
Minerals boost Brazilian economy
Significant changes in Brazils economic and political structures are taking place at this time as a new administration under Fernando Collor, the first president to be elected by popular vote in 29 ye…
PROJECT ROUNDUP; PROJECT ROUNDUP
Calgary-based Dakota Resources (ASE) says it has been negotiating with a South American group for the licensing of a process and related technology for the development of volcanic ore deposits in Sout…
Exploration intensifies in the Dominican Republic
The mining sector has achieved considerable importance in the Dominican republic during the last decade. It offers extensive development potential through its diverse and sizable resources. Based on s…
PRODUCER PRICES (April 20, 1992)
ALUMINUM: MW U.S. market US60-61 cents per lb. (Apr. 2, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CADMIUM: …
Arimetco acquires stake in Bolivian copper properties
Planning to become the first foreign exporter of cathode copper from Bolivia is Arimetco International (TSE). The company recently acquired an 85% stake in three oxide copper properties hosting five m…
Melinga drilling in Honduras
A contract to drill 150 holes, 30-50 metres each in length, in northwestern Honduras was recently entered into with a Guatemalan company, Melinga Resources (VSE) reports. The program is concentrating …
Bolivia less reliant on tin mining
Bolivia has a long mining tradition. The country produces gold, tin, zinc, silver, antimony, lithium and lead. For decades, tin mining has been the mainstay of the Bolivian economy. Recently, internat…
Emergency rule declared in Peru
The South American nation of Peru, a major silver producer, was under a state of emergency rule after a decade of democratization as this Latin American issue went to press. The countrys military and …
TSE Short Positions (April 20, 1992)
Semi-monthly reports as of March 31, showed 24,177,660 shares of 587 issues compared with 25,891,494 shares of 599 issues on March 15. Larger individual positions included: Amax Gold 143,750, up 125,9…
Single permit final hurdle to restarting Hope Brook
A Newfoundland gold mine with a troubled past has been given a new lease on life after being closed last year because of environmental problems. Officials at Royal Oak Mines (TSE) confirmed recently t…