New Ontario discharge levels
New Ontario government regulations will require mining companies operating in the province to reduce emissions of five toxic heavy metals and cyanide by an average of 40% by 1996. Mines and metal refi…
News
LETTERS TO THE EDITOR — Ignorance a threat to mining’s
The following came from recent conversations: “I’m sure they can find ore deposits in areas that are not environmentally sensitive.” (I tried to explain that areas do not become “environmentally sensi…
Gold Funds (September 27, 1993)
Gold Funds as of Sept. 21 BGR Central Net Value $12.78 $5.62 Price $11.00 $6.125 Discount 13.91% 9.0% Value $71,571,000 $110,858,213…
NEWS ROUNDUP — Teck, Equinox in Bolivia
A joint-venture agreement provides with US$500,000 in funding for three Bolivian properties. Teck (TSE) will provide funding by early 1994 and can maintain a 51% interest in any of the properties by f…
STOCK MARKETS — VSE resource index rebounds after Yeltsin
A move by Russian President Boris Yeltsin to abolish the current communist-dominated parliament and call new elections for December sent gold on a rollercoast ride late in the period ended Sept. 21. B…
METAL PRICES — FREE MARKET (September 27, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Sept. 21 Sept. 20 Sept. 17 Sept. 16 Sept. 15 Copper 1739-1740 1754-1756 1759-1760 1936-1938 1927-1930 Lead 371-372 373-374 374-375 379-3…
Mexican mines minister pledges shared-risk exploration
On a recent visit to Sonora and Mexico states, the mines minister for Mexico demonstrated his government’s support for the mining industry. E.L. Thalmann presented Sonora Governor M.P. Beltrones with …
Dundee-Palliser to buy MVP shares
Toronto-listed Dundee-Palliser Resources can buy 17.5-25 million common shares of MVP Capital from a private shareholder at 5 cents each. The purchase price is payable partly in cash on closing; and t…
Producer Prices (September 20, 1993)
ALUMINUM: MW U.S. market US54.00-54.75 cents per lb. (Sept. 2, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
Troubled past is no longer an albatross around Golden Bear’s
The beautiful setting of the Golden Bear mine, at the base of a steep, near-alpine valley, contrasts starkly with the property’s troubled past. The ground was originally staked by Chevron in 1981; and…
EDITORIAL PAGE — Mining and government (2)
During the past 100 years and more, the mining industry and the organizations which sprang up around it — the provincial associations, the Mining Association of Canada and the Prospectors and Develop…
STOCK MARKETS — A drab week on Toronto market
Another drab week for stocks on the Toronto exchange. The 300 Composite Index began our report week at 3,929.33 and ended at 3,971.77. The TSE gold and silver index, however, gained some ground, closi…