Metal Prices PRODUCER PRICES (July 17, 1989)
ALUMINUM: MW U.S. Market US83.50 cents – 85.50 cents per lb. (July 6, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $5.75-$5.85(US) per lb. (Ju…
News
Inco and Cambrian unite to solve skills shortage
One of mining’s biggest companies is teaming up with a Sudbury, Ont., community college in an effort to stem the growing shortage of skilled miners and mineral processing staff in northern Ontario. To…
Underground work at Tulsequah Chief
Since mobilizing a crew to the Tulsequah Chief project in northern British Columbia in early June, Cominco Ltd. (TSE) has rehabilitated 2,700 ft of track in the 5400-level prior to starting drifting. …
DVR plans to market low cost cyanide production process
A Vancouver- based company plans to market a scaled down version of an established process that could dramatically reduce cyanide costs for mining companies, especially those with heap leach operation…
Inco in France
Inco Ltd. (TSE) has signed an agreement which will lead to gold exploration in France. The deal is with Pierre Nicolini, a professor, and Michel Quint, who have formed a company named Cevenor S.A. Inc…
Marshall, Eden Roc deal
Marshall Minerals (ASE) has completed the second stage of a private placement with Alberta- listed Eden Roc Mineral Corp. The deal gives Marshall 6.5 million Eden Roc shares representing 50% of the co…
Inco Gold buys High River shares
Inco Gold, a wholly-owned subsidiary of Inco Ltd. (TSE) has exercised warrants issued by High River Resources (TSE) to buy 900,000 shares of the company at $1.57 per share. The warrants were part of a…
Sussex acquires land
Sussex Explorations (ASE) has acquired a 50% interest in 108 claims near Lac des Mille Lacs, Ont. The ground covers a section of the Quetico fault, a major structural break associated with gold minera…
Auto sector factor in projected growth in demand for zinc, lead
Consumption growth in both zinc and lead is predicted by an international securities firm, in part because of an expected increase in car production this year. In its Annual Review of the World Lead a…
Brenda illustrates problem of dwindling reserves ..Second in a
Because of the limited remaining life of Brenda’s big, low grade, open pit copper- molybdenum operation in British Columbia’s Okanagan Valley, Mine Manager Emile Brokx is probably more conscious of th…
Agreements signed in Barrack, City deal
An agreement that will result in City Resources Canada (TSE) being acquired 54.1% by a subsidiary of Barrack Mines of Australia has been signed by all parties. Through its subsidiary, Barrack will pur…
COATS (Over-the-counter) Quiet trading
A quiet week of trading on COATS left most mining issues generally unchanged. The average number of trades per day on COATS slipped to a low of 210 last month, compared with 288 for the same period a …