MOST ACTIVE ISSUES, June 18-24
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News
PEOPLE — FREEPORT-McMORAN (June 30, 1997)
G. Bellis appointed vice-president and chief information officer; Lynne Cooney appointed vice-president of executive and administrative support; Dean Falgoust appointed vice-president of tax.
ODDS ‘N’ SODS — Breaking through at the Eagle
In the late 1960s I was working in the engineering department of Agnico Eagle Mines’ Eagle Gold mine, a new project near the town of Joutel in northwestern Quebec.The mine manager there, Harry Pike, w…
Kennecott inks Mexican deal
Kennecott Minerals has signed a letter of intent with a private company to develop a copper mine in the central Mexican state of Zacatecas.According to terms of the deal, Kennecott, a subsidiary of Ri…
Japanese firms to aid IG in Myanmar
Joint-venture deal worth an estimated $167 million in total In need of financing and a contractor to build its proposed Monywa copper mine in Myanmar, Indochina Goldfields (ING-T) has looked to the Ri…
Oro Nevada drills Hand-Me-Down site
At the Dean Ranch property in Nevada’s Battle Mountain trend, Oro Nevada Resources (ONV-A) has uncovered what it believes is the largest epithermal gold system of its kind in the state.The discovery w…
MacMillan to sell Mishi project
A summer exploration program will test the open-pit potential of the Mishi gold project in northern Ontario.The program will be carried out by Mishibishu Gold, which recently agreed to buy a 100% inte…
Size of Koktasjal project underestimated — Ursa Major beats Soviets 2-1
The Koktasjal copper-gold project of Ursa Major International (URS-T) in Kazakstan is nearly twice as large as originally estimated by the former Soviet government, reports consulting firm Watts Griff…
PEOPLE — TENKE
Philip Wright appointed director.
PEOPLE — ROYAL BAY
Robert Kolt appointed director.
McBean yields encouraging values
Toronto-based junior Queenston Mining (QMI-T) and partner Franco-Nevada Mining (FN-T) are pleased with results from the three latest holes drilled into the “green carbonate” zone at their McBean gold …
PRODUCER & DEALER PRICES (June 30, 1997)
Aluminium: LME settlements US$1,560 per tonne, alloy $1,437 per tonne (June 24/97).Antimony: Composite free market, US$2,080 per tonne (June 24/97).Bismuth: Composite free market US$3.90 per lb. (June…