TORONTO STOCK EXCHANGE INDICES (July 06, 1992)
June 29 June 26 June 25 June 24 High Low Composite”300″3375.82 3351.33 3338.55 3339.64 4009.47 3009.91 Metals&Minerals 3126.91 3076.31 3084.89 3101.83 3453.06 2502.63 Integrated Mines3339.93 3277.34 3…
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PRODUCER PRICES (July 06, 1992)
ALUMINUM: MW U.S. market US58.25-59.00 cents per lb. (June 18, 1992). ANTIMONY: New York dealer US78-88 cents per lb. (June 11, 1992). BISMUTH: New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…
METAL PRICES — FREE MARKET (July 06, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 29 June 26 June 25 June 24 Copper 1281-1282 1252-1253 1259-1260 1234-1236 Lead …
B.C. mine rescue competitions attract 17 teams
Seventeen teams battled it out at the provincial mine rescue and first-aid competitions recently held at the Fernie ski hill in southeastern British Columbia. Westar Mining’s Greenhills operation edge…
Westray hearing gets under way
An inquiry into the deadly explosion at the Westray coal mine opened June 29 with accusations from a union lawyer that the company and provincial government routinely ignored safety to boost productio…
INSIDER TRADING — Alston exercises Rhonda options
Jan Alston, secretary-treasurer of Saskatchewan diamond explorer Rhonda Mining (ASE), stands to make a substantial profit after exercising options at a considerable discount to the recent market price…
A NUCLEAR ISSUE: Both Rio Algom and Denison say they can
If mine decommissioning is Issue No. 1 for the mining industry, Rio Algom’s and Denison’s Elliot Lake, Ont. mines will likely become Reclamation Sites No. 1 in terms of public scrutiny. Denison and Ri…
SHARE THE DREAM – PLEASE! The two Bobs (Hunter and Dickinson)
The domino theory of geopolics held that when a key country falls to communism in a certain region, neighboring countries would eventually, but inevitably, succumb. What with the events of recent his…
THE RISING COST OF SHUTTING DOWN: The cost of doing mining
Only a few years ago, mine closures in Ontario were uncomplicated and inexpensive. Sell the grinding mills and pumps, salvage the mill buildings and haul up the scoops and jumbos and auction them off…
OPEN PIT GIANTS OF BRITISH COLUMBIA
Open pit mine operators in British Columbia have fine-tuned their cost-cutting skills to an art. Faced with soft metal prices and rising costs, they survive and prosper by their wits as much as by th…
A 7-step Guide to Closure Plans
1. A baseline environmental description should be prepared upon which to measure development impact, reclamation effectiveness and over-all success in meeting reclamation objectives. 2. An inventory…
Exploration Drills Fall Silent
After the lavish banquet of the flow-through years (a memory now, nothing more), Canada’s diamond drillers are eking out an existence on crumbs and scraps. It doesn’t make for a healthy industry. “It…