U.S. REPORT Santa Fe plans corporate split
The railway parent of Santa Fe Pacific Minerals is spinning off its oil and gas and real estate assets into public companies but has no plans at the moment to take the mining company public. Santa Fe …
Articles by Northern Miner Staff
EDITORIAL Bigger is cheaper
The most significant technological factor affecting our production during the 1980s was size of equipment. Bigger is better, and cheaper. . . . We now use bigger trucks — 150 tons versus the 50- and …
Chile’s Escondida set to produce
About eight months ahead of schedule and under budget, the huge Escondida copper mine in northern Chile is scheduled to enter production in December. Output of refined copper in 1991 is expected to to…
Environmental `Bill of rights’ a dangerous precedent
The Northwest Territories has become the first jurisdiction in Canada to have an “Environmental Bill of Rights.” While superficially attractive as a way of protecting the environment, the environmenta…
Brunswick extends new sulphide zone
Recent drilling on a sulphide lens discovered last year at the north end of Brunswick Mining and Smelting’s (TSE) No. 12 mine near Bathurst, N.B., has extended the zone along strike and at depth. Most…
Inco sees 10% cost increase – Nickel grades declining
Nickel producer Inco (TSE) will likely face a 10% increase in production costs next year as grades at the company’s Canadian mines bottom out, Chairman Donald Phillips told a group of analysts at a re…
IOCC GOLD OPTIONS (November 26, 1990)
Options Open Series Volume Last Interest Feb. 370 C 210 22.50 305 Feb. 380 C 237 17.50 761 Feb. 400 C 163 7.70 1,119 Feb. 410 C 252 5.50 1,844 Feb. 420 C 321 4.00 1,916 Feb. 430 C 140 3.00 569 Feb. 46…
Malartic cuts good holes at Orion mine
Toronto-based Malartic Hygrade Gold Mines (VSE) says better than expected drill results have been encountered during recent delineation drilling on its 60% owned Orion property near Val d’Or, Que. The…
Jordex buying stake in Bolivian project
Jordex Resources (VSE) has finalized an agreement with Compania Minera Tiwanacu of Bolivia to earn a 50% interest in the latter company’s base and precious metal properties in South America. The compa…
Minnova identifies new gold targets
Minnova (TSE) plans to begin a 10-hole drill program next January on the company’s 9,500-acre claim group in the Rouyn-Noranda camp of northern Quebec. Golden Briar Mines (ME) retains a 10% cash flow …
PRODUCER PRICES (November 26, 1990)
ALUMINUM: MW U.S. Market US73.50- 74.50 cents per lb. (Nov. 15, 1990). ANTIMONY: New York dealer US80-83 cents per lb. (Sep. 6, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CA…
Thermal confirms copper-rich core
Three recently completed infill holes have confirmed the presence of a high-grade copper core at the Williams Creek oxide deposit of equal partners Thermal Energy (ASE) and Western Copper Holdings, an…