The 1987 Coal Review BYRON CREEK
Byron Creek Collieries, a unit of Esso Resources Canada, operates the Coal Mountain mine in southeast- ern British Columbia. The mine, about 32 km south of Sparwood, B.C., supplies bituminous coal to …
News
Two views of free trade from two sides of the border
Noranda Inc. had sales of approximately $6.2 billion in 1986. Although Noranda sells many different kinds of products to many countries around the world, the biggest customer for its goods is the Unit…
THE 1987 COAL REVIEW
More and more, it would seem, Canada’s coal industry is in a period of major transition. The world shortage of coal in the late-1970s and early-1980s has been replaced with difficult years of oversupp…
The 1987 Coal Review LUSCAR
With a history of more than 75 years of continuous operations, Luscar Ltd. is one of western Canada’s best-established and most diversified coal companies. It operates five modern surface mines to pr…
FUTURES PRICES Metal Prices (February 01, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb — — 110.80 — Mar 103.80 …
Copper again led the way in 1987 B.C. mineral value
The value of mineral and petroleum products in British Columbia in 1987 rose to an estimated $3.4 billion, an increase of $184 million over the equivalent 1986 figure, according to the province’s depa…
Terra deals Camsell assets to Durga, for 30% interest
Alberta-listed Durga Resources has signed a letter of intent to acquire all of Terra Mines’ interest in the Camsell River area of the Northwest Territories. The Camsell properties include a high grade…
METAL MARKETS Silver acting more like a base metal?
While many investors would tie the price of silver in with the up-and-down (of late) performance of gold, at least one analyst is making a case for lumping the precious metal in with what has been hap…
Editor’s note CHANGING CLIMATE
Ever since the recession of 1981/82, the phrase “lean and mean” has been bandied about by managers like an incantation against evil spirits. And if the mine managers weren’t working at becoming lean a…
Chelsea plans to double production by year-end
Only 1,000 oz of the yellow metal have been poured at the Spotted Horse mine in Montana. But already, the managers of Chelsea Resources, the Vancouver-based company that owns and runs the mine, is pla…
Opawica sues Falconbridge over Lac Shortt mine
Opawica Explorations has issued a statement of claim in the Supreme Court of Ontario against Falconbridge Ltd. and Minnova Inc. claiming, among other things, an accounting, damages and the reconveyanc…
Bresea begins drilling
A $500,000 diamond drilling program has begun on property held by Bresea Resources in the Casa Berardi area of Quebec. The drilling is a follow-up to two years of surface exploration which included 30…