Alusaf smelter enters production
The Alusaf Hillside aluminum smelter, built by a joint venture involving Canadian-based SNC-Lavalin, has started production five months ahead of schedule and under its $2-billion budget.Situated in Ri…
News
LETTER TO THE EDITOR — Great Lakes puts foot in mouth
In the article “Geomaque resists merger” (T.N.M. May 12/95), Great Lakes Minerals Chairman John McBride refers to information in Geomaque’s letter to shareholders dated June 5, 1995, as “a lot of bunk…
Gold Funds (June 26, 1995)
Gold Funds as of June 20BGRCentralNet Value$17.78$6.77Price$14.50$7.125Discount18.43%Premium5.2%Value$138,979,000$128,957,513…
Falconbridge to proceed with Raglan
Though remote, the area along the northeastern shore of Labrador and Quebec is gaining renown as a hot spot for nickel discoveries. In addition to the Voisey Bay nickel-copper-cobalt deposit controlle…
NEWS IN BRIEF (June 26, 1995)
Kootenay King Resources (KKG:VSE) has changed its name to Intercap Resource Management (IRC:VSE) on a 1-new-for-5-old-share basis.
GREATEST VALUE TRADED, JUNE 14-20
Value ($000s)HighLowCloseChange Barrick Gold T238371$37 1/435 3/836 1/4+1Placer Dome T197219$38 3/835 3/437 3/8+1 7/8Inco Ltd T90612$37 1/434 1/237 1/4+2 1/2Teck Ltd B f T7…
Sopko elected chairman of the Mining Association of Canada
Michael Sopko, chairman and chief executive officer of Inco, was recently elected chairman of the Mining Association of Canada (MAC), the national organization of the Canadian mining industry.He repla…
STOCK MARKETS — Preliminary results from Voisey Bay buoy up VSE
Both the Vancouver Stock Exchange resource and composite indexes put in strong performances over the report period ended June 20, as the summer exploration season got into full swing.The resource inde…
Toronto Stock Exchange Indices (June 26, 1995)
— 1995 –June 20June 19June 16June 15June 14HighLowComposite”300″4547.374562.054525.274518.514494.304562.053983.34Metals&Minerals4404.264375.984326.244338.924304.354431.19…
Francisco forms JV in Mexico
El Realito, a gold-silver property in Mexico’s Chihuahua state, will be explored by Nord Pacific (NASDAQ) and Francisco Gold (VSE).Francisco, an Australian-based company, paid US$100,000 for the prope…
International Pursuit buys Bigacon mill in Philippines
Should the Hinoba-an porphyry copper property in the Philippines be approved for production, an on-site mill will be ready to process the ore.International Pursuit (TSE), which holds an option to acqu…
Mines in B.C. play it safe
Mines Minister Anne Edwards presented safety awards to 10 British Columbia mines during the province’s Mining Week.The Occupational Health and Safety Committee trophy for the best overall health and s…