Metal Prices (June 05, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 30 May 29 May 26 May 25 May 24 Copper 1696-16…
1989
Queenstake’s future production will include hard rock mines
With a revamped board of directors and at least two hard rock mines on the horizon, Queenstake Resources (TSE) has resumed the practice of forecasting gold production. In the past few years the compan…
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…
Letters to the Editor Mine managers do make use of rock mechanics
Your May 15 editorial “Rock Mechanics Research should be put to use” does a disservice to your readers with the mistaken impression that mine managers pay only lip service to the integration of rock m…
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…
Jascan, Atlantic resolve differences with new deal
Toronto-based affiliates Jascan Resources and Atlantic Goldfields (COATS) recently resolved their differences after internal squabbles threatened to develop into a hostile control battle. The two comp…
MVP’s first-auarter loss raises shareholders’ ire
Ian McAvity, president of MVP Capital (TSE) faced a withering barrage of quesions from angry shareholders at the company’s annual meeting. Shareholders vented their anger at the meeting, demanding a…
Black Hawk buys Minago nickel prospect
Black Hawk Mining (TSE) has acquired the right to purchase a 75% interest in a large nickel deposit in Manitoba from Canamax Resources (TSE). Known as the Minago property, past drilling by Amax Canada…
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….
Bunker Hill drilling returns good intercept
Underground drilling has encountered a probable extension to the Quill zone at the Bunker Hill zinc-lead-silver mine at Kellogg, Idaho (N.M., May 22/89). Bunker Hill Mining (VSE) re-activated the oper…
Quebec recognition
Five mining companies and a veteran prospector were recently recognized by the Quebec government for their contributions to the mining industry. Premier Robert Bourassa and Raymond Savoie, minister re…
Canpotex sales to China a model of marketing
If anyone could convince the miners of Canada that Asia and the Pacific Rim are ripe for renewed marketing efforts, that someone is Canpotex Ltd. President Erik Ekedahl. The story of his company’s sta…