First Toronto meets with banker
Discussions are continuing between First Toronto Mining (TSE) and its principal banker concerning a restructuring of the company’s outstanding debt. First Toronto’s main subsidiary, Walhalla Mining, h…
Articles by Northern Miner Staff
Last bauxite mines closed in U.S.
The last operating bauxite mines in the United States have been closed by Alcoa after 91 years of operation. The mines, situated near Little Rock, Ark., are adjacent to Alcoa’s Arkansas operations whi…
New zone uncovered at Jualin project
Winter drilling on the Jualin property located near Juneau, Alaska, has identified a new zone of intensely silicified, pyritic, quartz veined stockwork diorite containing sphalerite and free gold. Pla…
Commodity index follows flat trend
The all-commodity price index of Scotiabank dropped slightly in May, continuing a largely flat trend. Gains in the metals and minerals sub-index offset declines in the three other sub-indices. The all…
Pioneer’s future put in question
A recent decision by the British Columbia Supreme Court has placed Pioneer Metals (TSE) a step closer to bankruptcy. The ruling held that Pioneer was in breach of a covenant on its Nov. 10, 1988, loan…
Redstone Res. boosts interest in Dominicana nickel producer
Toronto-based Redstone Resources (TSE) is increasing its interest in the Falconbridge Dominicana nickel operation in the Dominican Republic, shareholders were told at the annual meeting. The company w…
Waterford linked to overstaking of Eskay claims
Speculation is growing that Waterford Resources (VSE) may have an inside track to acquire some disputed claims in the Eskay Creek region north of Stewart, B.C., possibly including ground overstaked by…
LETTERS TO THE EDITOR Timmins a `vibrant community’
I would like to express my disappointment with a recent article that appeared in The Northern Miner (June 11/90) about the future of the city of Timmins. The article discusses the present labor proble…
Dingman pursues Russian joint venture
A small Canadian mining company says it has signed a letter of intent with a Soviet organization to build an autoclave for processing arsenic-rich gold concentrates. Toronto-based Dingman Industries (…
Metal Prices FREE MARKET (July 09, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 3 July 2 June 29 June 28 June 27 Copper 1495-1496 1497-1499 1533-1535 1474-1476…
Ireland bans mining on `holy’ mountain
The Irish government will prevent a small exploration company from mining gold on what is called a “holy” mountain in the south of Ireland. Although Burmin has a licence to explore for gold on the wes…
Vancouver Stock Exchange Gold no help to market
A move in the price of gold bullion to the US$362 level did not seem to help the Vancouver Stock Exchange’s Resource Index, the index dropping almost 15 points to close at 841.73 July 3. The Composite…