Pangea exploring Tanzanian gold projects
Having revised its mining and investment laws after almost 25 years of socialist rule, a new era of mineral exploration appears to be dawning in this East African republic. Poised to take advantage of…
News
WAMIC organizes fund-raising event
The Women’s Association of the Mining Industry of Canada (WAMIC) is planning its annual fund-raising event Nov. 17 at the Ontario Club in Toronto. The club is situated at Commerce Court South at the c…
NEWS ROUNDUP — Argosy, Fleck in joint venture
In an attempt to diversify, Argosy Mining (VSE) has formed a joint venture with Fleck Resources (VSE) to acquire a 60% interest in the Dunka Road copper-nickel deposit in Minnesota. To do so, Argosy m…
STOCK MARKETS — Higher bond yields drag down TSE
Strengthening bond markets had a negative impact on the Toronto Stock Exchange over the 5-day reporting period ended Oct. 25. The composite 300 index dropped 73.19 points to end the week at 4,242.77. …
MINING IN MEXICO — The lost silver triangle of the Sierra
The North American continent still harbors a vast mountain range that few Anglo-Americans have seen — an awesome land cut by perpendicular canyons and towering peaks, a forbidding wilderness virtuall…
MINING IN MEXICO — San Fernando prepares for major drill
Weather permitting, exploration and development drilling will soon begin at the San Fernando project in Durango state. Owner San Fernando Mining (VSE) expects to drill about 40,000 ft. in the upcoming…
MINING IN MEXICO — Metalurgica keen on copper property
Private Mexican company Metalurgica Costa Dorada hopes to prove up what could be one of the world’s largest sediment-hosted, stratiform copper deposits. The find is centred on the small town of Cuatro…
PEOPLE — KALAHARI
Alex McDonald appointed director.
PEOPLE — RIO AMARILLO
Udo VonDoehren appointed vice-president and director.
Spot prices at a glance (October 24, 1994)
Week’s Price (US) Change Gold* $389.00 + $0.80 Silver* $5.36 – $0.15 Platinum* $417.15 + $0.40 Nickel** $3.07 + $0.09 Lead** $0.29 $0.00 Copper $1.14 + $0.01 Zinc $0.48 + $0.01 Courtesy of Scotiabank….
Producer prices (October 24, 1994)
ALUMINUM: MW U.S. market US79.5-80.5 cents per lb. (Oct. 6, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.30 per lb. (Sept. 29, 1993)…
MINING IN MEXICO — Mexican silver production projected to
Mexico is projected to produce 65 million oz. silver in 1994. The Silver Institute of Washington D.C., in its World Silver Survey 1994, says mine production in the country fell to 61 million oz. in 19…