Metal Prices (June 12, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 6 June 5 June 2 June 1 May 31 Copper 1565…
1989
Tamrock gains in Baker Hughes sale
Finnish manufacturer Tampella Ltd. plans to strengthen the grip of subsidiary Tamrock on the underground drilling and loading business by acquiring the machinery operations of Baker Hughes Inc. for an…
Mini staking rush results in lost thumb but no shots
A mini staking rush around Elmhurst Twp. near Thunder Bay, Ont. resulted in one slight casualty but otherwise there were no major incidents to report, said Thunder Bay mining recorder Roy Spooner. A…
Editorial U.S. Mining Act is best left alone
The United States Congress is coming dangerously close to trashing its 117-year-old Mining Act and replacing it with something that is bound to paralyze the mineral exploration industry for the next d…
Cameco to drill Hanson Lake
A large follow- up drilling program has been recommended for the Hanson Lake project of Cameco and Trimin Resources (VSE), 40 miles southwest of Flin Flon, Man. Besides testing the strike and depth ex…
Vancouver Stock Exchange Midland leads rebounding market
The big news here and just about everywhere was the recent and long awaited upswing in gold prices. While most analysts have learned not to make hard and fast predictions on what gold will do over the…
Editorial No news here
Anything to do with PCBs is news, right? Toxic polychlorinated biphenyls mean trouble no matter where you find them. And, if you believe everything you read, PCBs usually mean guilty industry offender…
Montreal Exchange Mazarin leads way
It’s not gold, but the relatively rich graphite reserves Mazarin Inc. reports it has uncovered near the Quebec-Labrador border may make the Quebec junior a wealthy company. Mazarin traded more than 1….
Western States acquires property from Centurion
A Denver- based mining company has concluded an agreement to take over Centurion Gold’s (TSE) Zaca mine property in California. Western States Minerals, a private company, will fund 100% of all pre-pr…
Sherritt acquires titanium equipment
Equipment and related technology which can be used to produce titanium and titanium alloy powders have been acquired by Sherritt Gordon (TSE). The company says it will be able to develop a new line of…
Magnacon project in break-in phase
The Magnacon gold project in northern Ontario suffered a couple of weeks delay but it is up and running and precipitating gold, said a spokesman for Muscocho Explorations (TSE). Steve Brunelle, vice-p…
Bank tells Chelsea to pay $2.1 m loan
Toronto-based Chelsea Resources (VSE) was recently negotiating with several mining groups in a bid to resolve its financial problems. Chelsea and its wholly-owned U.S. subsidiary Chelsea Resources (U….