Durga to buy mill
A letter of intent has been signed between Durga Resources (ASE) and a U.S. company giving Durga the right to buy a 100% interest in a 250-ton-per-day flotation mill in Nevada. The deal also includes …
Articles by Northern Miner Staff
Underground work at Tulsequah Chief
Since mobilizing a crew to the Tulsequah Chief project in northern British Columbia in early June, Cominco Ltd. (TSE) has rehabilitated 2,700 ft of track in the 5400-level prior to starting drifting. …
DVR plans to market low cost cyanide production process
A Vancouver- based company plans to market a scaled down version of an established process that could dramatically reduce cyanide costs for mining companies, especially those with heap leach operation…
Auto sector factor in projected growth in demand for zinc, lead
Consumption growth in both zinc and lead is predicted by an international securities firm, in part because of an expected increase in car production this year. In its Annual Review of the World Lead a…
Inco in France
Inco Ltd. (TSE) has signed an agreement which will lead to gold exploration in France. The deal is with Pierre Nicolini, a professor, and Michel Quint, who have formed a company named Cevenor S.A. Inc…
Brenda illustrates problem of dwindling reserves ..Second in a
Because of the limited remaining life of Brenda’s big, low grade, open pit copper- molybdenum operation in British Columbia’s Okanagan Valley, Mine Manager Emile Brokx is probably more conscious of th…
Agreements signed in Barrack, City deal
An agreement that will result in City Resources Canada (TSE) being acquired 54.1% by a subsidiary of Barrack Mines of Australia has been signed by all parties. Through its subsidiary, Barrack will pur…
COATS (Over-the-counter) Quiet trading
A quiet week of trading on COATS left most mining issues generally unchanged. The average number of trades per day on COATS slipped to a low of 210 last month, compared with 288 for the same period a …
IOCC GOLD OPTIONS (July 17, 1989)
Options Open Series Volume Last Interest Aug 370 C * 65 20.00 692 Aug 380 C * 449 9.60 1,669 Aug 390 C * 299 5.50 2,018 Aug 400 C * 741 3.00 2,292…
Metal Prices (July 17, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 11 July 10 July 7 July 6 July 5 Copper 1483-1485 15…
Editorial Tax grab hurts everyone in the long run
Intransigence on the part of British Columbia’s government over water licence rentals has led to the cancellation of a $130- million expansion of Cominco’s zinc refinery at Trail, B.C. Besides creatin…
First Toronto selling Forsayth interest
In a bid to improve the lot of shareholders of First Toronto Mining (TSE), the company has opted for an asset sale which will lead to either a distribution of capital or a special dividend. First Toro…