NEWS ROUNDUP — Asarco proceeding at Los Pinos
Drill results from Los Pinos, a 145-km property southeast of Lima, Peru, have prompted Asarco (NYSE) to expand road construction and test for the potential of using solvent extraction-electrowinning. …
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GOLD FUNDS (January 03, 1994)
Gold Funds as of Dec. 28 BGR Central Net Value $15.78 $6.49 Price $14.25 $6.750 Premium 4% Discount 9.67% Value $88,367,000 $122,170,275…
MacArthur permits in hand
Permits for development of the MacArthur copper deposit are finally in hand for owner Arimetco International (TSE). The project is about five miles north of the companys Yerington copper mine near the…
1993 A LOOK BACK — Giant mine workers return
Union members at the Giant mine in Yellowknife, N.W.T., returned to their jobs in early December, ending a labor dispute dating back to May, 1992. Some 25 members of the Canadian Association of Smelte…
1993 A LOOK BACK — New U.S. mining royalty
Hard-rock miners in the U.S. operating on public land, including some Canadian gold producers, are facing a government-imposed royalty, but the amount was not settled in 1993. A proposal by the Clinto…
COMMENTARY — Niobium: an important specialty metal
During the past 30 years, niobium has steadily emerged as an important specialty metal. In particular, steel-consuming industries have greatly benefited from the materials savings which result from us…
TSE INDICES (January 03, 1994)
Week Dec 28 Dec 27 Dec 24 Dec 23 Dec 22 High Low Composite”300″ 4288.85 N/A N/A 4246.39 4226.85 4289.15 4213.20 Metals&Minerals 3505.54 N/A N/A 3444.38 3421.08 3512.52 3399.50 Integrated Mines3673.53 …
STOCK MARKETS — 1993 a banner year for Vancouver Exchange
The Vancouver Stock Exchange had such a good year in 1993 that it surpassed trading records set in the boom-and-bust year of 1987. Volume for the year was more than 5.7 billion shares, compared with t…
1993 A LOOK BACK — Precious metals rise, while base metals
Although gold saw its share of ups and downs in 1993, the general upward trend in the price has helped many small producers return to near-profitable levels. Unlike gold, base metal prices began the y…
CIMMER database now on diskette
The Centre in Mining and Mineral Exploration Research (CIMMER) of Laurentian University in Sudbury, Ont., says its Mining Environment Database is available as a stand-alone product for personal comput…
1993 A LOOK BACK — Windy Craggy rejected
The large Windy Craggy copper project of Geddes Resources (TSE) in northwestern British Columbia may become a part of a provincial wilderness park. In June, the provincial government announced that it…
PRODUCER PRICES (January 03, 1994)
ALUMINUM: MW U.S. market US52.50-54.50 per lb. (Dec. 16, 1993). ANTIMONY: MW New York dealer US76-80 per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993). CADMIUM…