Steen to address CIM luncheon
Guest speaker at the Oct. 14 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum will be Peter Steen, president of Homestake Mining of San Francisco. Steen’s t…
News
WAMIC names raffle winners
The Women’s Association of the Mining Industry has announced the winners of the raffle held at the group’s “Out-of-Africa” fall fair near Toronto. * First prize: a trip for two to South Africa. Winner…
METAL PRICES — FREE MARKET (October 11, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Oct. 5 Oct. 4 Oct. 1 Sept. 30 Sept. 29 Copper 1663-1664 1668-1669 1679-1680 1663-1664 1699-1700 Lead 355-356 364-365 361-362 364-365 365…
Spot prices at a glance (October 11, 1993)
Wednesday, Oct. 6 Week’s Price (US) Change Gold* $353.50 – $1.05 Silver* $354.15 + $0.09 Platinum* $359.25 – $1.75 Nickel** $351.91 + $0.05 Lead** $350.16 – $0.01 Copper $350.76 – $0.01 Zinc $350.41 +…
PRODUCER PRICES (October 11, 1993)
ALUMINUM: MW U.S. market US51.75-52.75 cents per lb. (Sept. 23, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1…
Noranda Minerals spins off advanced materials company
A new business unit known as Noranda Advanced Materials has been opened in Ville Saint-Laurent, Que. The company is an offshoot of Noranda Minerals, itself a subsidiary of Noranda (TSE). It will produ…
Copper slump forces Arimetco to trim
Flagging copper prices have prompted Arimetco International (TSE) to cut costs. Staff at the Tucson office was reduced by 20%, company cars were eliminated and officers suffered salary cuts. Indeed, C…
Orvana drilling
Drills are turning at the Butte Highlands gold property, 15 miles south of Butte, Mont. Orvana Minerals (TSE) hopes to expand the resource in the Nevin Hill area from the previous preliminary estimate…
Coal producers call for tough action on taxes
A persistent bunch, Canadian coal producers are renewing pleas to various levels of government as part of an ongoing effort to reduce taxes levied against them. A recent study by the Coal Association …
Bolivar set to begin $5-m field programs
Vancouver-listed Bolivar Goldfields will use proceeds from a $7.5-million financing to expand exploration in Venezuela’s Bolivar state. Activity will be focused on the gold districts of El Callao, Chi…
DIAMOND PAGE — Dia Met clarifies media reports on Lac de
The Lac de Gras region of the Northwest Territories received some international attention recently as BHP held its annual meeting in Melbourne, Australia. A news service reported BHP Chairman Brian Lo…
Diamond Fields raises $5 million
A brokered private placement of 1.5 million special warrants at $3.40 each will net Diamond Fields Resources (VSE) just under $5 million. The issue replaces a financing which the company was forced to…