1992 — A LOOK BACK — Big tab for Martel inquiry
Government documents have shown that the 2-month inquiry this year into statements by Ontario’s Northern Development and Mines Minister Shelley Martel over a Sudbury doctor’s billing practices cost On…
News
Diamond hunt craze spreads to Africa
Riding a wave of investor enthusiasm for diamonds, Canadian juniors are snapping up alluvial concessions in Africa at a rapid-fire pace. Applauding the move, investors have pushed the shares of many o…
Barrick drops Yellow Pine option
After completing a preliminary drilling program, American Barrick Resources (TSE) has decided not to invest in Hecla Mining’s (NYSE) Yellow Pine gold deposit in Idaho. Last summer, Barrick signed a le…
La Teko confirms Ryan Lode tonnage
A recently completed independent calculation of reserves at the Ryan Lode property near Fairbanks, Alaska, confirms and expands previous estimates made by owner La Teko Resources (VSE). Mine Developme…
FACTS & FIGURES — USGS deciphers mineralized locations
Laboratory analyses provide vital geochemical information that is not available in the field. U.S. Geological Survey (USGS) geochemists work with branches within the organization and with other federa…
Placer exercises USMX option
Mining giant Placer Dome (TSE) recently announced plans to exercise its option to purchase a block of ground adjacent to its Bald Mountain property in Nevada from USMX (NASDAQ). The option covers USMX…
BOOK BRIEFS (January 04, 1993)
Mine and Mill Equipment and Supplies 1993: An Estimator’s Guide to Costs. Published by Western Mine Engineering, Inc. P.O. Box 9008, Spokane, Wash. 99209. Price: US$240. This 150-page report quotes cu…
ODDS ‘N SODS — Egg theft at Twelve Apostles mine
In the late 1940s, I was engaged in a prospecting venture in southern Mexico to find out if there was any of the reputed 40-kg silver ore left in the old Twelve Apostles mine. The mine was reached by …
STOCK MARKETS — Promise of African diamonds fuels TSE
The Central African Republic became the “in” place to look for diamonds during the week ended Dec. 29, as investors opened their wallets for juniors acquiring property in the undeveloped country. The …
1992 — A LOOK BACK — Tragedy unsolved at Giant mine
The roots of the labor dispute between Royal Oak Mines (TSE) and the union representing workers at the Giant gold mine near Yellowknife, N.W.T., can be traced to the company’s acquisition of the mine …
METAL PRICES — FREE MARKET (January 04, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec. 29 Dec.28 Dec.25 Dec.24 Dec. 23 Copper 1501-1503 N/A N/A 1462-1463 1466-1467 Le…
Oxygen supply for Brunswick
A contract to build and operate a multimillion-dollar vacuum pressure swing absorption oxygen plant at the Brunswick Mining and Smelting (TSE) plant at Belledune, N.B., was recently awarded to Praxair…