U.S. REPORT (November 18, 1991)
After 22 years of operation, Phelps Dodge (NYSE) will be closing its Tyrone mine concentrator in New Mexico. Sulphide ore reserves are expected to be exhausted by the end of 1991 but mining of low-gra…
News
Remedial work
A $30,000 provincial grant has been awarded to the Township of Coleman in northern Ontario to undertake remedial work on the former Silver Queen mine site, the Ontario Ministry of Northern Development…
CIM symposium
The Seventh Mineral Economics Symposium will take place Jan. 16 in Toronto’s Sheraton Centre. Topic is “Back to basics: managing the risks to reap the rewards.” The symposium is held by Toronto’s Mine…
Grants benefit Kirkland Lake area
The northern Ontario community of Kirkland Lake has been the most popular area in the province this year for OPAP and OMIP grants, the Ontario Ministry of Northern Development and Mines reports. Grant…
LAC ups 9-month output, earnings
Higher production from the Bousquet No. 2 mine near Malartic, Que., boosted LAC Minerals’ (TSE) total gold production and earnings for the first nine months of the year. LAC reports a net income of US…
NEWS IN BRIEF (November 18, 1991)
Pacific Summa Capital Corp. (PSU:VSE) has changed its name to Pacific Summa Environmental Corp. (PSU:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Montre…
Udd receives engineering medal
An engineering medal was recently awarded to John Udd, director of mining research laboratories for CANMET (Canada Centre for Mineral and Energy Technology) in Ottawa, for his efforts in uniting Canad…
Inco retirement plan proves popular
An early retirement program, designed to reduce the workforce at Inco Ltd.’s (TSE) Sudbury, Ont., nickel operations and cut costs, has attracted an overwhelming response from eligible employees. Accor…
Claim transfers cheaper in Quebec
A change to Quebec’s Mining Act has made it less expensive for companies to transfer ownership of groups of mining claims in the province. Effective Oct. 3, transfer fees have been increased from $10 …
Royal Oak clears debt despite drop in gold production
Although Royal Oak Mines (TSE) isn’t producing as much gold as last year, the company’s new management team is reporting an improved financial performance for both the first nine months of 1991 and th…
New contract at Port Hope refinery
Union members at Cameco’s (TSE) uranium refining operation in Port Hope, Ont., have ratified a new collective agreement. The 3-year contract provides for an immediate wage increase averaging 4% and av…
EDITORIAL PAGE (November 18, 1991)
It is remarkable how differently Canada treats its miners compared with its farmers. In the public’s eyes, farmers are heroes, stewards of the earth, defenders of a simpler, kinder way of life. Miners…