Lead stands to benefit from supply setbacks
Lead had a good start but a poor finish in 1990. The record shows that from year- end 1989 to the end of 1990, lead was the worst performing metal in terms of London Metal Exchange (LME) prices. This …
Articles by Northern Miner Staff
U.S. Midwest, Appalachian districts attract Noranda
Until the Lynne discovery was announced last spring, Noranda’s (TSE) substantial exploration efforts in the Midwest and Appalachian districts of the U.S. were unfamiliar to most Canadians. But, as the…
Steel output down
World crude steel production in 1990, at 769.6 million tonnes, was 2% below the record high of 785.1 million tonnes posted in 1989, preliminary estimates of the International Iron and Steel Institute …
Global copper market can lend itself to surprises
Copper was the only major base metal that closed 1990 up in price over its 1989 year-end quote. It was only a penny or two but still impressive compared with other metals. For 1990 as a whole, however…
U.S. REPORT Metall interests extend around globe
To call Metall Mining (TSE) a North American copper producer would be correct but only a part of the corporate story. The growing Toronto-based mining company, controlled by Metallgesellschaft AG of G…
INSIDE Manitoba miner
A significant Canadian producer of copper and zinc, Hudson Bay Mining and Smelting has added nickel to its metals inventory. The Manitoba miner, which also produces precious metals in byproduct form, …
Demand should help sustain nickel
Caught between the opposing forces of slowing demand and tight supply conditions, this year’s nickel markets are likely to be turbulent. But, after spending the past decade eliminating excess capacity…
INSIDE Gold trends
Trends covering gold’s basic supply and demand appear to be positive for the metal’s price in the longer term. The boom in the yellow metal in the 1980s, marked by increases in reserves and production…
INSIDE Noranda bets
Ever on the lookout for new discoveries, the mineral exploration division of Canadian resources giant Noranda has taken on more than 20 grassroots projects in the United States across the northern Mid…
Sphinx lists for trading on VSE
Quebec-based junior Societe Miniere Sphinx (ME) was recently listed for trading on the Vancouver Stock Exchange (symbol SYX.A). The company, with about 17.9 million shares outstanding, records interes…
HudBay adds Namew nickel to its metals inventory
Hudson Bay Mining & Smelting (TSE), the wholly owned subsidiary of New York-based Inspiration Resources (NYSE), is well known as Canada’s fourth largest producer of copper and zinc. In 1989, HudBay’s …
Recent strength may work to zinc’s disadvantage
Like producers of most base metals, zinc producers have enjoyed three years of strong markets and exceptionally high prices. Based on past experience, however, recent high prices may turn out to have …