Investment demand key to platinum’s success
With the possible exception of gold, platinum should be the performer to watch among the actively traded non-ferrous and precious metals during 1990, says international securities firm Shearson Lehman…
Articles by Northern Miner Staff
Aur gold output below expectation
Aur Resources (TSE) may have struck a major exploration success at its Louvicourt Twp. massive sulphide discovery last year, but in 1989 the company also struggled with another project in the Val d’Or…
PRODUCER PRICES (February 26, 1990)
ALUMINUM: MW U.S. Market US65.00- 67.00cents per lb. (Feb. 15, 1990). ANTIMONY: New York dealer US84-86cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CADM…
Radisson decides against purchase of Beauchastel
The Beauchastel mining installations of Augmitto Explorations (TSE) near Rouyn-Noranda, Que., will not be purchased by Radisson Mining Resources (ME). Radisson, searching for milling facilities for it…
Doe Run record
Doe Run’s smelting division set a safety record in 1989, with an on-the-job safety performance of 1.1 lost-time injuries per 200,000 man-hours worked, according to John FitzSimmons, general manager. T…
Focus on planning and equiipment
The second international symposium on mine planning and equipment selection in surface mining, organized by the University of Calgary, Centre for Mineral and Energy Technology (CANMET), Devon, Alta., …
Anglo seeking funds
At a recent meeting of Anglo Canadian Mining’s (VSE) shareholders, approval was granted for the acquisition of a 51% interest in the MWF gold property in Matheson Twp., near Timmins, Ont. A $250,000 e…
Fairbanks Gold confident of large tonnage operation
Armed with new reserve calculations for the Fort Knox gold property near Fairbanks, Alaska, 51% owner Fairbanks Gold (VSE) is confident it has the makings of a huge bulk tonnage mining operation. Pres…
Freewest, Sparton get good results
A 2,500-ft. drill program completed recently by Freewest Resources (ME) and Sparton Resources (TSE) on their jointly optioned Helena Lake property near Fort Frances, Ont., has yielded good results in …
Metal Prices PRODUCER PRICES (February 19, 1990)
ALUMINUM: MW U.S. Market US64.00- 66.00 cents per lb. (Feb. 1, 1990). ANTIMONY: New York dealer US88-90 cents per lb. (Jan. 25, 1990). BISMUTH: New York dealer US$4.35-4.45 per lb. (Feb. 1, 1990). CAD…
Equity posts $16-million reclamation bond
The costs associated with closing a mine in these environmentally sensitive times have become an important issue for Equity Silver Mines (TSE). The Vancouver-based company posted a $16-million reclama…
Letters to the Editor No connection
I write to draw attention to an error (T.N.M., Feb. 12/90) in the article “Rio, Denison sue each other over Elliot Lake practices.” In the closing paragraph, the writer attributes the pending closure …