PRODUCER PRICES Metal Prices (October 17, 1988)
ALUMINUM: MW U.S. Market $1.00-$1.04 per lb. (Sept 29, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.15 per lb. (Sept 29, 1988). CADMIUM: New Y…
News
Asarco/Freport Santa Cruz joint venture for copper
The United States Bureau of Mines in cooperation with the Santa Cruz Joint Venture will undertake a copper mining research project at a deep, low-grade copper deposit located seven miles west of Casa …
Canada’s richest gold mine seeks new manager for next 18 years
If it isn’t doing so already, Placer Dome Inc. (TSE) will soon be looking around for a person to replace Stewart Reid, manager of the Campbell mine at Balmertown, Ont. After 12 years at the helm of Ca…
Nerco Venture
Diversifying its interests outside of North America, Nerco Minerals, a subsidiary of Nerco Inc, has entered into two joint venture agreements which will see it explore for minerals in the prolific Kal…
A new corporation for Crown Resources
Crown Resource, Gold Texas Resources (VSE), and Gold Capital Corp. recently announced the execution of a definitive agreement to combine the ownership of the three companies into a new corporation, Cr…
Noble Peak find
Drilling by Noble Peak Resources (ASE) on the company’s Southwin gold prospect in the eastern arctic has confirmed surface trenched gold values to a depth of 600 ft. Hole 21 intersected 16.8 ft gradin…
U of T social night
The annual University of Toronto Social Night is scheduled for Oct 27. A popular event in past years, this year’s evening will highlight Herman Derbuch, director of mining for Noranda Minerals, who wi…
They’ve never had it so good
A recent article about gold producers hedging their bets by selling their output forward (N.M., Oct 3/88) helped to bring home the point of how much better off mining companies seem to be today compar…
Coxheath Gold bulk testing underway
Coxheath Gold Holdings Ltd (TSE) says that a bulk testing program presently under way on its Tangier property is expected to be complete by November 1988. At the completion of the bulk testing program…
Letters to the Editor The Mineral Industry Assistance Program
The Sept 26th edition of The Northern Miner carried a letter from the President of the Prospectors and Developers Association of Canada, John Larche, commending our government on the recently announce…
Lac appeal heard in Ottawa; motion for new trial refused
The same day Lac Minerals (TSE) began its final appeal before the Supreme Court of Canada in the ownership dispute over the Page-Williams mine, a Supreme Court of Ontario judge in Toronto ruled agains…
Metals Page: Platinum demand to outstrip supply to ’93
Looking into the future, Johnson Matthey, the large refiner and supplier of platinum group metals, says demand for platinum will continue to put pressure on the supply of newly-mined metal during the …