Steel’s short-term outlook favorable
The short-term outlook for steel appears favorable. The International Iron and Steel Institute forecasts demand for crude steel in 1988 will reach 764 million tonnes, 10 million tonnes above last year…
Articles by Northern Miner Staff
Inco setting up a separate division for specialty powders
Inco Ltd. (TSE) reports it has set up a separate business unit to manage and develop operations related to a series of nickel powders and other powder products. The new unit, to be known as Inco speci…
Equity Silver moves solidly into the black
Moving solidly into the black this quarter was Equity Silver Mines (TSE) which posted a profit of $1.1 million or 3 cents per share compared to a loss of $1.7 million or 7 cents per share last year. …
Cove bid pays off for Echo Bay
There is obviously an element of luck in whether or not a deposit turns out to be large. But only if a company is out there rolling the dice does it stand a chance of winning big. At the McCoy/Cove go…
Stratmin testing
A recovery rate of 98.6% of crystalline flake graphite has been achieved from tests on graphitic material taken from a wholly- owned property located near Mont Laurier, Que., Stratmin Inc. (ME) report…
Equity merger plan not given approval
The Supreme Court of British Columbia’s decision with respect to the vote held by the limited partners of First Exploration Fund 1987 and Company Limited partnership was announced April 29. As a resul…
Independent committee studies Dickenson-Wharf amalgamation
No new details on the proposed almalgamation of Dickenson Mines (TSE) and Wharf Resources (TSE) were revealed at the latter’s annual meeting in Toronto other than that an independent committee will in…
FUTURES PRICES (May 23, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 103.60 101.70 103.00 + 1.10 Jul 97.20 95.40 95…
FINANCING (May 23, 1988)
ONTARIO Grand Empire — final rec iss offer 1,200,000 @ $1.20 per sh. Harrington Sound — final rec iss offer 700,000 @ $1.60 per sh to net $560,000. Released from Escrow Ateba — 100,000 shs released…
Belmoral, Roddy finalize deal
An agreement has been finalized between Belmoral Mines (TSE) and Roddy Resources (TSE) of Vancouver whereby the former may acquire up to a 51% equity interest in Roddy, which operates the Bighorn heap…
Metal Prices FREE MARKET (May 23, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 17 May 16 May 13 May 12 May 11 Copper 1490-1470 1470-1475 1450-1455 1380-1385 133…
Houston on ME
Vancouver-based Houston Metals was recently listed for trading on the Montreal Exchange (symbol HML). The company came into being in 1986 following the amalgamation of Bulkley Silver Resources and Cat…