Hemlo workers favor Steelworkers
Unionized workers at Hemlo Gold Mines’ Golden Giant operations in northwestern Ontario have rejoined the United Steelworkers of America. In June, the workers voted to decertify the union. In the lates…
News
Digital dataset of China planned
The Aero Geophysical Survey and Remote Sensing Centre (AGS/RSC) of China’s Ministry of Geology and Mineral Resources has joined with Paterson, Grant & Watson of Toronto to produce a digital dataset of…
Namibia awards contracts for airborne survey work
Two companies have won contracts to acquire, process and market high-resolution airborne geophysical data over selected areas of Namibia. The Geological Survey of Namibia says the survey work by Compa…
STOCK MARKETS — VSE indexes in slide; gold moves sideways
A review of the trading activity on the Vancouver Stock Exchange for the period ended Oct. 25 reveals a string of negative signs as the market continues to retrench. The resource index lost almost 23 …
Fairfield program
With the completion of the 1994 open pit mining program at the Siwash North gold mine, near Merritt, B.C., Fairfield Minerals (TSE) will begin a $1.5 million underground program. Ore sales to the Asar…
PEOPLE — ARGOSY — Morris Beattie appointed vice-president
Toronto-listed Aber Resources has encountered a visible diamond in drill core from hole A154-9, at a vertical depth of 55 metres. Aber and 60% partner Kennecott are drill-testing the A154 diamond pipe…
METAL PRICES — FREE MARKET (October 31, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Oct 25 Oct 24 Oct 21 Oct 20 Oct 19 Copper 2582-2583 2560-2562 2552-2553 2585.5-2586.5 2542-2543 Lead 644.5-645.5 646.5-647.5 650.5-651.5…
Spot prices at a glance (October 31, 1994)
Week’s Price (US) Change Gold* $388.80 – $0.20 Silver* $5.31 – $0.05 Platinum* $420.70 + $3.55 Nickel** $3.26 + $0.19 Lead** $0.30 + $0.01 Copper $1.20 + $0.06 Zinc $0.50 + $0.02 Courtesy of Scotiaban…
Gold Funds (October 31, 1994)
BGR Central Net Value $18.52 $6.81 Price $14.38 $7.00 Premium 2.8% Discount 22.39% Value $150,490,000 $126,695,100…
Mexican venture for Cambior
Montreal-based Cambior (ME) will enter a joint venture with Aurizon Mines (VSE) concerning the latter’s La Reyna copper-gold property in Mexico’s Sinaloa state. Situated 30 km east of the port city of…
Da Capo tests Bolivian project
Toronto-listed Da Capo Resources is encouraged by initial drill results from the Amayapampa property in Bolivia. The junior can earn up to a 70% interest in the historic gold mine by paying the owner …
Business in China
Professional services firm Ernst & Young has released a 150-page book on “Doing Business in China,” which provides an overview of the investment climate, taxation, forms of business organization, and …