1990

Most of the world’s platinum group elements (PGE) are produced from PGE-reef layer within an ultramafic to mafic intrusion. A textbook example of a PGE reef is the Merensky Reef, within the Bushveld C…

Recent data released by China show that its base metals production is higher than estimated by Western analysts. In the first half of 1990, it produced 280,000 tonnes copper and 400,000 tonnes aluminu…

Corona (TSE) has become the largest shareholder in Dundee Capital, following the purchase of an additional 750,000 shares and 187,500 share purchase warrants. Corona now owns 2.25 million shares of Du…

The Soviet republic of the Ukraine says it will attempt to recover gold deposited by a soldier in the vaults of the Bank of England 270 years ago, according to a report by the Reuters news service. Th…

Although still experiencing cash losses, the Premier project operated by Westmin Resources (TSE) appears to be making progress toward profitability. The open pit gold-silver mine, north of Stewart, B….

St. Louis-based Doe Run’s Buick lead mine in Missouri recently won an award for its 1989 safety record, which showed 147,624 employee hours without lost time to injuries. Called the Sentinels of Safet…

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date August 28 August 27 August 24 August 23 August 22 Copper 1532-1534 — 1525-1527 1506…

A “best efforts agreement” has been entered into by Acquisitor Mines (VSE) with Montreal brokerage firm Brault, Guy, O’Brien for an offering to Quebec investors only. The offering, subject to regulato…

Toronto-based Curragh Resources (TSE) is close to finalizing a $125-million long-term financing package designed to offset debts acquired as Curragh completed the acquisition last year of a 20% stake …

Ross Hofmann, chairman and majority shareholder of little- known Teddy Bear Valley Mines (COATS), likes to tell the story of how he became a member of the Gold Plugged Drill Bit Society. Hofmann, 70, …

Rising gold prices aren’t likely to affect Canamax Resources’ (TSE) recent decision to shut down its Ketza River and Kremzar mines, says Udo von Doehren, the company’s vice-president of finance. While…

Trading volume during most of the week was in the range of 4.9-6.1 million shares. The general market portfolio index dropped by 39.6 points and the mining and minerals index fell by 86.8 points. At t…