Latin America touts its mining potential
Investors looking to participate in mining ventures in Latin America were given an overview of what that part of the world has to offer at a 4-day conference here recently. The conference, titled “Inv…
News
Hemlo options Taurus property
A recent letter of agreement sets the stage for Hemlo Gold Mines (TSE) to begin earning a 50% interest in the Taurus copper-molybdenum-gold property of Lodestar Explorations (VSE) in east-central Alas…
Review of Dessir core reveals salting of samples
“Salt vt: to enrich (as a mine) artificially by secretly placing valuable minerals in some of the working places” (Webster’s New Dictionary). Although Webster’s definition doesn’t necessarily portray …
MINER DETAILS; Making royalties look easy
Mining can be a pretty terrible business. When commodity prices are up, companies make huge capital investments to develop a mineral deposit. The metal price inevitably falls and the company must suff…
Former president of Sumac fights government lawsuit
A cyanide spill at the former Union mine near Grand Forks, B.C., has left Robert Seraphim fighting charges and a suit brought against him by the province of British Columbia. Sumac Ventures operated a…
Asarco forms new divisions
Two operations consolidations were announced recently by Asarco (NYSE). The large copper producer has merged its Amarillo copper refinery and El Paso copper smelter, both in Texas, to form its Southwe…
Spot prices at a glance (May 04, 1992)
Week’s Price (US) Change Gold* $334.75 – $3.55 Silver* $ 3.94 – $0.05 Platinum* $340.75 – $0.85 Nickel** $ 3.38 – $0.01 Lead** $ 0.24 $0.00 Copper $ 1.00 $0.00 Zinc $ 0.62 + $0.02 Courtesy of Scotiaba…
METAL PRICES (May 04, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 28 Apr 27 Apr 24 Apr 23 Apr 22 Copper 1236-1237 1241-1242 1245-1246 1248-1249 12…
PRODUCER PRICES (May 04, 1992)
ALUMINUM: MW U.S. market US62-62.75 cents per lb. (Apr. 15, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CADMI…
LETTERS TO THE EDITOR (May 04, 1992)
I am a longtime subscriber to The Northern Miner. I am writing to urge you to return to your original format of listing the Canadian mining shares; the new way is confusing. It would be the same as Th…
New chairman takes charge at nickel producer Inco
A changing of the guard occurred recently at Inco (TSE) with the retirement of Donald Phillips, 62, from the company’s top job. Phillips, who had been with the company for 36 years, handed the reins o…
Latin American notes
United Nations officer Wolfgang Gluschke, in a Miami conference paper on mineral investment promotion: Most countries in Latin America have undergone considerable changes in the economic, social and p…