New contract at Geco mine
Employees at Noranda’s (TSE) Geco mine at Manitouwadge, Ont., have voted 78% in favor of a new collective agreement. Under the terms of the new 2-year contract, effective Aug. 31, wages will increase …
News
Lone shareholder thwarts plans Polaris-Taku hinges on merger
About 40 miles southeast of here over a spectacular setting of icefields, rivers, mountains and ocean, lies the Tulsequah River valley in northwestern British Columbia. With underground operations dat…
Drilling extends Battle zone
A recent hole drilled by Westmin Resources (TSE) extended the Battle zone discovery by 30 metres east of section 16+92E on the company’s Myra Falls mine property near Campbell River, B.C. The hole ret…
GUEST COLUMN — A thumbs-up for NAFTA
Four out of five Canadians believe in Canada’s presence at the negotiating table with the U.S. and Mexico for a North American Free Trade Agreement (NAFTA). Job creation in Canada has continued to exp…
EDITORIAL PAGE — De Beers’ move
Could it be that the almighty De Beers feels threatened by the Canadian diamond rush? In an uncharacteristic move last month, the diamond kingpin announced that the market for rough stones looks shaky…
Cave-ins occur despite precautions
Hard-rock miners in Canada have an enviable record where mining accidents are concerned. They were late starters into the business and were able to build on the hard-earned corpus of mining law genera…
Cayouette elected QMA president
The new president of the Quebec Mining Association (QMA) is Patrice Cayouette, a native of Bonaventure, Gaspe, Que. Cayouette succeeds Paul Bedard in the 1-year post. Involved in Quebec’s mining indus…
Spot prices at a glance (September 07, 1992)
Week’s Price (US) Change Gold* $340.40 + $0.05 Silver* $ 3.72 + $0.07 Platinum* $355.50 + $6.00 Nickel** $ 3.25 – $0.05 Lead** $ 0.29 – $0.01 Copper $ 1.13 – $0.01 Zinc $ 0.64 + $0.01 Courtesy of Scot…
Diamond issues are active but market indices decline
Companies with ground positions in the Lac de Gras region of the Northwest Territories or active in diamond exploration elsewhere took top spots on western markets during the report period ended noon,…
DIAMOND GEMS — A collection of unconfirmed reports
. . . Monopros, the Canadian arm of De Beers, has moved a drill rig onto its diamond claims near Hardy Lake, N.W.T. The cash-rich explorer is expected to follow up results of soil samples that fill, o…
METAL PRICES — FREE MARKET (September 07, 1992)
341.70(342.65) NA 340.00(340.50) 339.00(338.75) 338.50(340.35) Gold … Bank of Nova Scotia, noon bid/ask $US per oz. 340.50-344.00 341.50-345.00 338.00-341.50 337.00-340.50 337.00-340.50 Silver … L…
METAL MARKETS — Sluggish economic recovery keeps metal
The “dog days” of summer are gone and the increased gridlock of the European, East Bloc, Japanese and U.S. economies are the current preoccupation of market analysts. Industry news and government move…